VA loan lenders look for borrowers to have a steady, reliable income in order to prove they are likely to repay their mortgage. Two years is typically the minimum employment requirement for VA loans, but this is not always the case.
Purchasing a modular or mobile home may be possible with a VA loan, but you will need to meet some unique requirements.
Learn about the Specially Adapted Housing grant from the Department of Veterans Affairs (VA) for disabled veterans.Continue →
Knowing if you're eligible for the VA loan as a child of a Veteran can be helpful when looking to buy a home.Continue →
Thousands of National Guard and Reserve members are eligible for the VA loan program, and new legislation is expanding eligibility to even more Guardsmen, women and Reservists around the country.Continue →
By having a solid understanding of your VA loan eligibility, you are able to find the loan that benefits you the best.Continue →
The VA funding fee is something every veteran has to pay unless you meet one of the exemption requirements.Continue →
Veterans are eligible for a whole slew of benefits, including the valuable VA home loan. But do National Guard members fall under that umbrella? Or is Veteran status just for members of the main five branches?
Let’s take a look at the issue in more depth.
In order to use your VA loan benefit as a member of the National Guard, you’ll need to obtain your Certificate of Eligibility (COE).Continue →
See how your debt-to-income (DTI) ratio and credit score affect your VA loan eligibility.
See the benefits and requirements of using a VA loan with a co-borrower in what's often called a joint VA loan.Continue →
While your credit score is an extremely important figure factored into your VA loan approval process, there are certain steps you can take to secure a VA loan with a lower-than-desired credit score.
Learn how a Chapter 7 or Chapter 13 bankruptcy can affect you ability to get a VA home loan, or how low late payments affect your loan and the possibility of foreclosure if your mortgage goes unpaid.Continue →
Learn how the VA calculates your remaining VA Loan Entitlement and how it impacts your VA loan benefit.Continue →
The VA home loan is a lifetime benefit for Veterans, meaning there are no limits to how many times you can use a VA loan.Continue →
Obtaining your Certificate of Eligibility (COE) is an important part of verifying your VA loan eligibility.Continue →
We'll look at two common scenarios below: what happens to a current VA loan after divorce and getting a new VA loan after divorce.
It's absolutely possible for surviving military spouses to meet the eligibility requirements needed for a VA loan. We'll look at this process below in more detail.Continue →