VA loan expert Chris Birk brings you the latest news and tips about your VA loan benefit
A VA Loan is a mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs. Here we look at how VA loans work and what most borrowers don’t know about the program.
VA loan limits and the VA loan funding fee are in for changes after the passing of the Blue Water Navy Vietnam Veterans Act of 2019. See how changes in Agent Orange benefits are affecting VA loans in 2020.
VA loan entitlement can be a confusing subject. Here we break down VA loan entitlement, the different types and how that affects your maximum loan amount.
The VA does have a form of home requirements, known as the Minimum Property Requirements, to ensure the property is a safe and sound investment for the homebuyer.
Short sales often get lumped together with foreclosure and its offshoot, the deed-in-lieu of foreclosure. But these aren't the same thing, and that can make a huge difference for homebuyers.
It’s absolutely possible for applicants to earn VA loan approval if they have been employed at their current job for less than two years. But it depends on your specific income and employment situation, the lender and more.
Water testing-related issues can prove especially difficult for homebuyers. Learn about VA water test requirements and what to expect if your prospective home is not connected to a public water system.
Here we compare the primary differences between VA loans and conventional loans to show you when each option may be the best.
Your VA disability rating by itself has no negative affect on VA loan eligibility. In fact, your rating may provide cost-saving benefits and additional income when considering a VA loan, even if you have bad credit.
Restoration of entitlement is not an automatic process, but requires some work from the borrower. Learn about the requirements for restoring entitlement and how you can reuse your VA loan benefits.
The VA has occupancy requirements for veteran borrowers, but there are some exceptions to the rules we'll explore below.