The VA cash-out refinance program has some good news for you. You can get cash by refinancing your home through the VA loan system. The better news is that you can do that even if your current mortgage is not a VA loan – as long as you meet the VA eligibility standards of being a veteran, an armed forces service member, or the surviving spouse of an active duty or former service member.
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“VA Cash Out Refinance Guidelines | Everything You Need to Know”
If you are investigating the VA loan pre approval process, you’re ahead of the game. Pre approval has become a vital part of finding and purchasing a home, especially in a competitive real estate market. It shows your buyers that you are ready, you’ve done your homework (no pun intended), and any offer you make on a property is legit.
Read More “VA Loan Pre Approval Process | A Strategy That Works”
In a world where most mortgages are not assumable, you might wonder are VA loans assumable? The short answer is yes, they are. That puts you, as the seller with a VA loan, in a unique position. Giving the buyer the ability to assume your mortgage and buy your house in a climate of rising interest rates is a significant benefit. However, assuming a mortgage can get a little complicated, especially because you want to be able to protect your VA loan benefit.
“Are VA Loans Assumable? | A Hidden Benefit to Your VA Loan”If you are looking to learn about VA loan inspection requirements, you won’t find any. Truth be told, the VA loan system does not require home inspections before deciding whether you are eligible or not. They do, however, require appraisals, but that is a different kettle of fish. We will explain that later. What’s important to recognize is that the home inspection protects you, veterans or active-duty military members, as you hunt for a home. So don’t skip this step.
Read More “VA Loan Inspection Requirements | What You Need to Know”
If you are wondering about getting a VA loan with bad credit, you’re not alone. It is a common question asked by our veterans and active-duty service members. Bad credit can stop you in your tracks and make you think there’s no point in even looking for a house. Don’t give up. The VA loan system makes allowances for bad credit. What’s more, the loan policies of the Veterans Administration are designed to help you, the military professional, find ways to make a VA loan work for you.
Read More “Getting a VA Loan with Bad Credit | It is Not Just About Your Credit Score”
When you ask “how many VA loans can you have?”, you are actually asking two questions. The VA loan program has a lot of moving parts, and most of them are aimed at helping eligible veterans, military personnel and active-duty service members find and buy a home. If every home buying situation were the same, the VA loan system could build a one-size-fits-all program that delivers the same guarantees to every military professional. But since we are talking about real estate, mortgages, loans, contracts and all the stuff that goes along with the world of real estate, it gets a little more complicated.
Read More “How Many VA Loans Can You Have? | Second Tier Entitlement | Multiple Loan Options”
If you are a military first time home buyer, it can be difficult to know where to begin. Should you start searching online listings, or call a real estate agent, or start watching HGTV or investigate mortgage options? The good news is: you don’t have to know everything about this entire process, and some of the resources
Read More “Military First Time Home Buyer | 5 Helpful Tips and 3 Resources to Save You Money”
The minimum VA loan credit score doesn’t exist. That doesn’t mean they don’t matter, but the fact is that the VA loan system doesn’t have any minimum requirements around a borrower’s credit score. You may be getting mixed messages about that, because a lot of search results talk about minimum credit scores when, technically, there aren’t any. Here’s the real scoop.
Read More “VA Loan Credit Score | Are there Credit Score Requirements?”
VA loan benefits can dramatically improve your home search and your ability to afford a new home. If you are a veteran or an active duty service member in the armed forces or uniformed services, you could be eligible for VA loan guarantees. With a VA loan guarantee in hand, you can save thousands or tens of thousands of dollars over the life of your mortgage. The numbers don’t lie: VA loans have helped more than 25 million veterans and eligible service members since it began in 1944. It helped 1.2 million military service members in 2020 alone.
Read More “VA Loan Benefits | The Complete List | Plus Homes for Heroes Savings”
If your first questions about VA loans are “What are the VA loan requirements” and “Am I eligible?”, then you’ve come to the right place. We will also give a quick VA loans 101 to explain what they really are and how to get a VA loan. As with many federal government benefits, determining eligibility is half the battle. Fortunately with VA loans, it’s not too complicated. Better yet, Homes for Heroes can help you find out how to qualify for a VA loan.
Read More “VA Loan Requirements and Eligibility | How to Get a VA Loan”
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