The VA home loan can also help existing homeowners refinance into a lower interest rate or cash-out home equity. How does a VA loan work? VA loans are backed by the Department of Veterans Affairs. The government, however, doesn’t issue funds — it only guarantees the loans. This insuranc...
VA Loans are hitting record levels among the military community. The many enticing benefits of the VA Loan program make it one of the best options for veterans and active-duty service members looking to buy a home. If you are a Veteran, you can’t afford to miss out on the 4 benefits ...
One of the biggest VA home loan benefits is that there’s no down payment. That’s right: If you’re eligible for a VA loan, you’renot required to make a down paymentof any size. For many, this can make it easier to not just buy a house — but buy one sooner, too. Other mo...
The biggest benefit of a VA home loan is no down payment on your house. That’s right. If your home’s purchase price is the ‘reasonable value’ of the property, you will not be required to make a down payment because VA loans are 100% financing home loans. Conventional mortgages ofte...
Eligible veterans and military service members have full entitlement when they meet one of these criteria: You have never before used your VA home loan benefit You have repaid your first VA loan in fullandsold the property You experienced a short sale or foreclosure, but have repaid the VA lo...
Select a VA Home Loan Option to Continue: Home Purchase Home Refinance Cash-Out Refinance Explore My Options Get Started VA Medical Benefits Eligibility The VA offers health care benefits to certain veterans. There are many misconceptions about who is eligible for these benefits. The good news is...
Benefits of VA Loan Worth the PaperworkRead the full-text online article and more details about "Benefits of VA Loan Worth the Paperwork" by Carr, M. Anthony - The Washington Times (Washington, DC), June 8, 2001By CarrM. Anthony
Everyone wants a hassle-free and easy transaction. No one wants to deal with months of the home loan process. Well, VA loan is like other mortgage loans that demand specific documentation, credit history, and sufficient monthly income. But compared to others, VA loans are more flexible. Why...
The purpose of the VA home loan program is to assist veterans with buying, building, or repairing their homes. A few perks of the VA home loan include: No downpayment is required by the VA (note that some lenders may require a downpayment); Low interest rates; Limited closing costs. ...
The purpose of the VA home loan program is to assist veterans with buying, building, or repairing their homes. A few perks of the VA home loan include: No downpayment is required by the VA (note that some lenders may require a downpayment); Low interest rates; Limited closing costs. ...