VA Loans Insider - Page 4
Page 4 of 12 - 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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VA Loan Entitlement Options for Military CouplesMarried military couples can use all of one spouse's entitlement, split the responsibility evenly or combine loans. Learn more about options for married couples eligible for VA home loans.
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VA Loan Basics: Eligibility RequirementsBeing eligible for a VA loan doesn’t guarantee you’ll secure financing. See this post for VA Home Loan eligibility basics. -
What Happens When Your Spouse Has Bad CreditAll parties on the mortgage will have to meet VA and lender requirements if considering purchasing a home using the VA home loan benefit, including your spouse.
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Note to Home Sellers: Leaving Out VA Borrowers is Your LossMisconceptions about the VA mortgage process should not keep you from selling to veterans who historically have competitive turn times and the lowest foreclosure rates of all mortgage options. -
Closing Costs v. Concessions on a VA Home LoanSellers can pay all of a VA borrowers closing costs, but there is a 4 percent cap on seller concessions. Know the difference between VA home loan closing costs and concessions and where the VA funding fee fits in.
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Purchase Peace of Mind With a Home InspectionVA appraisals and home inspections aren't the same thing. Buyers should get a professional home inspection after agreeing to purchase a home. Here's why.
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VA Loan Eligibility for National Guard and ReserveSince 1992, VA loan benefits have been extended to National Guard and Reserve members. Let's take a closer look at how guard and reserve members can utilize their benefits.
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How to Rent Your Old House and Use the Income for a New VA LoanQualified homeowners who are relocating can rent their home and use the income for another VA loan. Learn how to rent your old home when PCS orders come in.
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5 Things That Can Hamper Your VA LoanCredit, debt to income ratio and employment can affect your ability to qualify for VA home loan. Avoid these 5 things that can slow your VA loan process.
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Explaining VA Loan Residual Income GuidelinesVA residual income is how much income remains after debts and obligations. VA residual income and dti ratios help determine your VA home loan eligibility. Check out these VA residual income tables.
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VA Termite Inspections By StateA termite inspection is required for almost every VA loan, but the VA does not allow Veterans to pay for them in most states. Look to see if your state requires a termite inspection.
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Getting a Second VA Loan: a Closer Look at Second-Tier EntitlementSecond-tier entitlement allows qualified VA borrowers to purchase again despite default or foreclosure. It even lets veteran homeowners have two VA loans at the same time. First, VA lenders have to determine how much entitlement you have left. Find out more about entitlement and your VA loan eligibility.
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8 Unbeatable Benefits of VA Home LoansThe VA home loan program offers some pretty unbeatable benefits for active military members and veterans that definitely make the program worth exploring when searching for a home.