The loan, the mortgage and the money all come from either a private mortgage lender or a mortgage broker. The VA system insures the loan, guaranteeing for the lender so that they will get paid if you default. So, while it’s often referred to as the VA loan, it’s actually the VA...
The VA loan is an excellent mortgage option for Veterans, Service Members and select military spouses. With a VA loan, you can get a $0 down mortgage from a private lender, such as a mortgage company or bank. The U.S. Department of Veterans Affairs (VA) guarantees VA loans, so you ca...
The CalVet mortgage program differs from the federal VA loan guarantee program. Instead, Cal Vet serves as a lender for home loan funds. Similar to commercial banks, Cal Vet offers a range of home loan options, including participation in the federal VA guarantee program. What sets apart a CAL...
The VA loan is a fantastic mortgage option for Veterans, Service Members and select military spouses. With a VA loan, you can get a $0 down mortgage from a private lender, such as a mortgage company or bank. The U.S. Department of Veterans Affairs (VA) guarantees the loan, so you can...
Q&A with Hugh Harris: Veteran Mortgage Banker Hugh Harris Has Been on the Job at Lender Processing Services as President and Chief Executive Officer for Less Than Half a Year, but He's Already Getting High Fives from Staff We Got an Exclusive Interview with Him Shortly after LPS' 2011 Year...
Homeowners insuranceis typically required to secure home loans, including VA loans. For VA loans, lenders often ask veterans to pay a full year's worth of insurance upfront, with future payments added monthly into an escrow account along with the mortgage payment. Besides being a loan requiremen...