VA Loan Guideline Restrictions
Welcome back!Having an idea about what the restrictions are under the official VA loan guidelines can help you in making a decision about financing. Basically, VA Loans can be used to buy or build a primary residence, refinance a current VA Loan, as well as provide a refinancing option for standard loans or other [...]
Why Do VA Loans Exist?
What is the fundamental reason that VA loans exist? This is a serious question with an equally serious answer. As you may know, the Veterans Administration or the Department of Veterans Affairs is dedicated to providing military veterans with assistance in a number of areas including financial, educational, and medical.
The real heart of [...]
What Happens To A VA Loan After The Veteran Passes Away?
The question will come up eventually? What will happen to a home mortgage loan in the event the borrower dies unexpectedly or passes away after a long illness? The question remains the same whether you are talking about traditional types of loans or VA-guaranteed loans.
Unless some sort of mortgage life insurance [...]
Ways To Enhance VA Eligibility: Try Improving Your Credit
Since debt ratio is such a important factor that determines your eligibility for a VA loan it may be a great idea to concentrate some time and effort to repairing or improving your credit. The goal is to deal with problems in your credit history that may hinder your opportunities rather than enhance your [...]
Taking Advantage of VA Home Foreclosures
It is an unfortunate reality for many homeowners who are paying monthly mortgage payments. Many borrowers find themselves in adverse financial circumstances that can lead to missed payments and defaulting on their loan agreements. This can lead to foreclosures.
The Department of Veterans Affairs obtains the properties of veterans that have gone into [...]
The Importance Of The DD214 Form To Obtaining A VA Loan
Perhaps, one of the most important military documents you have as a veteran is the DD214, which is the paperwork that details your discharge from the armed forces. This document serves as proof of your military status, meaning whether you are discharged, retired, or separated. The DD214 will also detail the nature of [...]
Are There Issues That The Veteran’s Administration Will Cover?
There are some things that are not covered by any provisions enacted by the Veterans Administration. More importantly, there are a number of situations or conditions that entirely out of the control of the VA to affect or influence in any way.
First, the VA cannot guarantee that a lender will provide financing [...]
What Things Do You Need To Apply For A VA Loan?
The purpose of this article is to include a quick reference checklist that will assist the veteran by including all of the pertinent information and documents that will be required when you approach a lender. As an applicant, you will benefit from having all of this listed so you will know what you will [...]
Have You Considered A Join VA Loan Or Cosigning?
According to the policies of the Veterans Administration, legally married spouses of those veterans who meet the qualifying provisions of the VA can be recognized as co-signors on VA home loans and include their income as well. These loans can be guaranteed in every way like others accepted by the VA.
Also, VA has provisions [...]
Some Essential Facts About VA Debt-To-Income Ratios
As with other forms of loans, the debt-to-income ratio of veteran seeking qualification for a VA loan is a major factor that is established by the Veterans Administration and used by the lender to determine if the borrower is capable of meeting all of the expenses associated with home ownership.
This ratio can [...]