Understanding the mechanics of a VA assumable loan is essential for both sellers and buyers. When a seller with an existing VA loan decides to sell their home, they have the option to transfer the loan to a qualified buyer. This process involves the buyer assuming the seller’s mortgage, in...
What mortgage options does the VA loan program offer? The VA loan provides a handful of home financing options. Most popular is the home purchase loan, but there are also mortgage options for: VA home purchase VA Energy Efficient Mortgage (EEM) VA streamline refinance (IRRRL) VA cash-out ...
To put it simply, your VA loan can only go towards a VA-approved home. This means that the home is move-in ready and can be a single-family home, a VA-approved condo, or some type of modular house. Having a real estate agent with VA experience can help you sort through these kind...
How does the VA loan program work? Benefits VA home loans have more benefits than any other type of mortgage program. Discover them all > Eligibility As an exclusive program, only those who qualify can get a VA loan. Check your eligibility > ...
The process of getting a VA debt consolidation loan can take up to 30 days when you work with a reputable lender ready to process your application. See if you qualify for one of our non-traditional mortgages.Contact Us Today How Does a VA Cash-Out Refinance Work? To get a VA cash-out...
Need Financial Assistance? See if you qualify for a loan today! See if you Qualify What VA Loans Options Does Griffin Funding Offer? Griffin Funding offers VA home loans for active-duty military personnel and veterans in Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Maryland,...
But who can get a VA loan? And how does one qualify for a mortgage with the VA? Learn more with this guide to VA loans: What Is a VA Loan and How Does it Work? VA loans vs. traditional home loans Who Can Get a VA Loan? Obtaining a certificate of eligibility VA loan ...
How to Buy a Home Using a VA Loan: What Every Home Buyer Should KnowStacey Chillemi
When it comes to credit requirements, the VA does not set a specific minimum credit score. However, most lenders will have their own credit score requirements. While they may be willing to work with borrowers who have less-than-perfect credit, a higher credit score will increase your chances...
Not assumable means that the buyer cannot assume the existing mortgage from the seller. Conventional mortgages are non-assumable. Somemortgages have non-assumable clauses, preventing buyers from assuming mortgages from the seller. How Does An Assumable Loan Work?