VA loans are available up to $766,550 in most areas but can exceed $1,000,000 for single-family homes in high-cost counties. Calculate your VA loan limit to see your personalized mortgage limit. Loan limits don't apply to all borrowers.Continue →
From the Tidewater process to its purpose, discover the basics of the Tidewater VA appraisal.Continue →
Dealing with the escrow process while taking out a VA home loan may seem intimidating, especially if you’re a first-time homebuyer or you haven’t been in the market in a while. But whether you’re coming home after a deployment, retiring from the service, or just moving out of off-base housing, you may have to use escrow to purchase your new home.
Let’s look at what every VA borrower needs to know when it comes to VA loans and escrow.Continue →
The VA loan program does allow gift funds to be used towards the down payment and closing costs, but there must be a letter including donor information.Continue →
Closing on your home is undoubtedly a very exciting day, but it’s important to avoid certain financial moves that could jeopardize your VA loan.
Receiving your clear to close is an exciting milestone in your VA homebuying journey.Continue →
A step-by-step guide for how to get prequalified and preapproved for a VA home loan.Continue →
Applying for your Certificate of Eligibility is just one part of the larger VA home loan application process.Continue →
The VA loan underwriting process often raises questions from homebuyers, but the goal is simple: verify the facts, and protect all parties involved.Continue →
The Lender Appraisal Program (LAPP) is a program available to lenders that have met specific requirements. A lender must be approved by the Central Office. By using an LAPP lender, a VA assigned appraiser can actually close the applicant's loan, allowing for the loan process to be expedited.Continue →
The VA offers veterans many benefits that help them throughout their lifetime. One of those valuable benefits is the VA Home Loan Guarantee Program.Continue →
The VA offers Veterans who have used the VA Home Loan Guarantee Program and subsequently fallen on hard times, the opportunity to have loan modifications.Continue →
Purchasing a condo has some serious perks, but there are certain requirements properties must meet to ensure that a VA loan can be used to help purchase a condo.Continue →