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Benefits and Perks of VA Home Loans | VALoans.com

Benefits and Perks of VA Home Loans

Guide to VA purchase Loans

Mortgage Options Available to Veteran Homebuyers

Millions of veterans and service personnel are eligible for a VA home loan. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.

Before arranging for a new mortgage...

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VA Manufactured Home Loans | VALoans.com

Mortgage Options Available to Veteran Homebuyers

What is a Manufactured Home for VA Loan Purposes?

An acceptable use of the VA loan is purchasing a manufactured, or mobile, home. These are built in a factory on a permanent frame and made to be moved in one or more sections. It must be built to be lived in year round by a single family and there must be permanent eating, cooking, sleeping and...

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VA Home Loan Closing Costs | VALoans.com

VA Home Loan Closing Costs

Guide to VA purchase Loans

Mortgage Options Available to Veteran Homebuyers

Getting a home loan and closing on a home purchase comes with costs and fees, no matter what type of loan you're using. VA buyers benefit from limits on what they can pay, but there are still expenses that need to be paid by the buyer.

When reviewing allowable borrower fees and charges, many of...

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Overview of the Requirements for VA Loans | VALoans.com

Potential VA homebuyers need to meet requirements set by the Department of Veterans Affairs and by the lender they work with to obtain financing. The VA does not make home loans, so lenders can have their own requirements along with the VA's requirements .

Broad Requirements

To obtain a VA loan, the law requires that:

The applicant must be an eligible veteran who has available entitlement.

The...

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Overview of VA Purchase Loans | VALoans.com

VA Home Purchase Loans

Mortgage Options Available to Veteran Homebuyers

A common misconception with the VA loan program is the amount of 'red tape" involved. However, this isn't the case. Many lenders can acquire your Certificate of Eligibility online, and in many cases eligible borrowers can also be processed without a manual underwrite or VA review.

Additionally, if the lender is approved under...

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VA Home Loan Down Payment Facts | VALoans.com

One of the most important things a borrower can do when considering the purchase of a new home is to compare loans, loan types and loan options .

Once you begin making these comparisons, it's easy to see why many veterans choose a VA guaranteed mortgage as opposed to a Federal Housing Administration mortgage loan or conventional mortgage. VA loans feature some of the best down payment options for...

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Credit Requirements for VA Loan Eligibility - VA Home Loans

There is no minimum credit requirement set by the Department of Veterans Affairs for a VA loan. However, lenders who fund the loans will usually have credit requirements that the homebuyer must meet.

VA Loan Credit Score Requirements

When determining credit eligibility for a VA loan, lenders will analyze the borrower's credit profile. This generally includes pulling credit reports from the three...

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Related topics : home loan qualification credit score / credit score home loan / va home loan mortgage lenders / va home loan lenders / va home loan requirements

VA Minimum Property Requirements for VA Home Loans ...

VA Minimum Property Requirements for VA Home Loans

Veterans and service members seeking a VA home loan should know that properties must meet the Department of Veterans Affairs' Minimum Property Requirements (MPRs) in order to satisfy both the VA and lenders. The VA put MPRs in place to try and help safeguard borrowers from purchasing properties that are not safe, sound or sanitary.

An independent...

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Related topics : va home loan requirements / va home loan lenders / va home loan information / home va loan / home buyer loan requirements

VA Condo Project Approval Process | VALoans.com

VA Condo Project Approval Process

VA Condo Project Approval Process

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Mortgages through the VA home loan program aren't just for suburban homes. Any borrower wanting to purchase a condo unit with a VA guaranteed loan must purchase a unit on the "approved" list or have it added to the VA's list if that project meets the requirements.

VA-loan knowledgeable lenders and...

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Related topics : va home loan approval process / va home loan mortgage lenders / va home loan requirements / va home loan lenders / va home loan foreclosure process

VA Home Loan Eligibility and Time-in-Service Requirements ...

VA Home Loan Eligibility and Time-in-Service Requirements

Guide to VA Loan Eligibility

VA Minimum Property Requirements for VA Home Loans

Millions of veterans and active military members have earned VA home loan benefits. Only the VA can tell you for sure whether you're eligible, but you can get a good idea after looking at some general guidelines.

You may be eligible for a VA home loan if your...

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Related topics : va home loan eligibility / va home loan requirements / home va loan / eligibility home loan / home loan servicing