What Is a VA Loan?

A VA loan is a home loan guaranteed by the U.S. Department of Veterans Affairs (VA) and issued by a qualified lender. It helps veterans, active duty military service members and their families overcome potential service-related financial hurdles to buy homes. Real talk: If you’re looking to buy a home, the VA loan is a…

Fringe Benefits: Why a VA Loan Is Your Best Bet

You, like many veterans and active duty service members, may not realize that you are eligible for a VA home loan let alone know anything about its unique benefits. Ready to take a tour? Let’s get it! It’s Guaranteed Like any other home loan, a VA loan is offered by a mortgage lender … but…

VA Loan: How Much Home Can I Buy?

The VA loan makes it possible for you to buy a quality, comfortable home at a price that’s appropriate for your area’s cost of living. That being said, if you want to live like a baller in a seaside crib, you will probably need to put down some of your own cash. The VA does…

What Is a Certificate of Eligibility?

Am I eligible for a VA loan, and how do I prove it? The very first thing you must determine before you apply for a VA loan is if you can even get one. Just because you are a veteran or active duty service member does not necessarily mean you are eligible for a VA…

What You Need to Know About a VA Funding Fee

The VA home loan offers an advantage to veterans, active-duty military and their spouses by waiving down payment requirements, offering low interest rates and providing other perks. The cost to cash in on these stellar benefits? The VA Funding Fee. The fee ranges from about 2 to 3 percent of the home purchase price, depending…

VA Loans: The Pre-Qualification and Pre-Approval Process

Getting pre-qualified and pre-approved for a VA loan isn’t as simple as receiving a “pre-approved” credit card in the mail. But it’s also not rocket science. First, you need to find a lender who specializes in VA loans. The lender can guide you on getting all your ducks in a row and help you apply…

5 Reasons Why You May Not Qualify for a VA Loan

There comes a time when you have no choice but to be PO’d; that time is now. Let’s discuss why you might not get a VA loan. Service Requirements To qualify for a VA loan, you must meet the eligibility criteria: You contributed 90 consecutive days of active service during a war. You contributed 181…

The Perks of Working with Military Friendly Real Estate Professionals

Buying a home is not a one-person job; it requires a squad of people who understand the end goal and work diligently with you to reach that goal. Who should comprise your crew? Although the VA guarantees your loan, it doesn’t actually lend you the money. That’s where a mortgage lender comes in, someone who…

Closing Costs: Are There Benefits?

Closing costs are fees that come at the end of a real estate transaction. Think home and pest inspection, application fees and attorney fees — things that can add up hella quick. That’s why it’s important that your lender give you an estimate of these costs that you can factor into your budget. Closing costs…

The VA Appraisal

To protect a VA buyer’s investment as well as his or her health and safety, the VA requires that a house meet certain standards or Minimum Property Requirements (MPR). It’s in your best interests to work with a real estate agent who is familiar with the VA appraisal process so that he or she shows…

When Is a VA Loan Not Your Best Option?

The VA loan is one of the best options out there. BUT you may be better off going with a conventional loan in certain circumstances. Assessing your own personal and financial situation, researching loan options and your eligibility and working with an experienced lender will help you make the best decision. When is it time…