VA Loans Insider - Page 2
Page 2 of 14 - VA Loans Insider Article Archives
VA loan expert Chris Birk brings you the latest news and tips about your VA loan benefit
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Top 50 Cities for VA Loans in the Benefit's Biggest Year EverVA loans had their biggest year ever in Fiscal Year 2021, thanks to interest rates near modern-day lows and a wave of younger homebuyers. Check out the biggest markets for this historic benefit program.
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How to Get a VA Loan as a Reservist or National Guard MemberNational Guard members and Reservists can tap into the same VA loan benefit that's helped generations of Veterans and active duty service members achieve the dream of homeownership.
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VA Loan Program Backs Record 1.4 Million Loans in FY 2021With a white-hot housing market and low interest rates, Veterans turned to their home loan benefit in numbers never seen before. The average VA purchase loan came in just under $345,000, a 13% increase from last fiscal year.
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Verification of Employment (VOE) for VA LoansVerification of Employment (VOE) is essential for VA lenders to see that you have a reliable source of income and can make your mortgage payments. Guidelines will vary by lender and borrowers should be aware that some employment scenarios can disrupt the VA loan process.
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Military Service Helps Close the Hispanic and Latino Homeownership Gap
With 70% of new homeowners projected to be Hispanic between now and 2040, Census data show the homeownership rate for Hispanic and Latino Veterans is nearly 20 percentage points higher than for non-Veterans.
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Buying Up or Downsizing? How Your VA Loan Benefit Can HelpWhether you're ready to buy a bigger house or downsize, your VA loan benefit is here to help. It's even possible to have more than one VA loan at the same time.
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How Student Loans Can Affect Your VA Home Loan ChancesStudent loan debt doesn't necessarily make it more difficult to qualify for a VA loan. However, it can impact your VA loan eligibility.
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Pros and Cons of VA LoansAs with any mortgage option, VA loans have pros and cons that you should be aware of before making a final decision. So let's take a closer look
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Loan Preapproval is Not a GuaranteeLoan preapproval is a positive step for prospective homebuyers, but comes with conditions and contingencies. Understand what to expect here.
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What Clear to Close (CTC) Means for VA BuyersWhen your loan officer calls to say your loan is Clear to Close (CTC), that means the underwriter has approved all documentation necessary for the title company to schedule the closing and start drafting the Closing Disclosure.
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Why VA Loan Limits Don’t Matter For Most Repeat BuyersThe VA’s loan limits have long been a source of confusion and consternation.
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Pros and Cons of Refinancing to a Shorter Mortgage TermWith interest rates hitting historic lows, more homeowners are considering shorter loan terms as an option.
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Occupancy Requirements for VA Refinance LoansThe VA's occupancy requirements can look a little different for VA refinance loans. Qualified Veterans may find flexibility and opportunities to save.
