VA loans can be used to: Purchase a single-family home or townhouse Purchase a VA-approved condo Purchase a multi-family home, up to four units Purchase a home to renovate Build a new home Add or update energy efficient features to your current home VA loans qualifications and limits Pr...
In short, a VA loan is easier to get than a regular housing loan or mortgage if you are in the military, if you are a military veteran and/or the spouse of somebody in the military. There are a few other caveats, but that is the gist of who can get these loans. ...
VA loans can be used to purchase or build a primary residence, refinance a current mortgage or cover renovation costs. VA loans offer several benefits, including no required down payment, no mortgage insurance and often competitive interest rates. If...
Because VA home loans are guaranteed by the federal government, VA-approved lenders (which are private companies) can lend with greater flexibility. Available to only current and former US service members or veterans (and some surviving spouses) who meet eligibility requirements, the VA home loan ...
Apply for a VA Home Loan in Connecticut Now If you’re interested in applying for a Connecticut VA home loan, Griffin Funding is the best place to go. With Griffin Funding, you can connect with mortgage brokers in CT that accept VA loans and will work with you to find a VA loan tha...
8. VA loans are assumable Most VA loans are “assumable,” which means you can transfer your VA loan to a future home buyer if that person is also VA-eligible. Assumable loans can be a huge benefit when you sell your home, especially in a rising mortgage rate environment. If your curre...
Check your VA home loan eligibility. Start here (Nov 25th, 2024) VA home loan qualifying debt ratio Typically the VA loan requires a debt-to-income ratio of 41% or less. This means that your proposed housing expense plus all monthly debt payments (credit cards, auto loans, student loans)...
VA Loans in California If you dream of owning a home in California, it may seem like that goal is nearly impossible due to ever-increasing housing costs. However,with a California VA loan, veterans, active service members, and widowed military spouses can purchase a home without a down ...
If a manufactured home is sold, can the VA loan be assumed? Yes. However, for loans made after March 1, 1988, the Veteran is required to apply for approval of the assumption and release from liability to the holder of the loan. If the loan was obtained before that date, it may be ...
VA jumbo loans: Another great option for veterans If you’re looking to take full advantage of your VA benefits, and you’re VA-eligible, a VA jumbo loan may be an ideal home loan solution. Thanks to VA’s relaxed guidelines and down payment requirements, VA jumbo financing can offer a...