Tag Archive for: va loans

VA Loan Benefits: Why Zero Down Payment is Just the Beginning

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VA loans are often described as “zero down,” but that barely scratches the surface of their value. In this guide, we break down why VA financing is one of the strongest home loan options available, covering entitlement, funding fees, interest rate advantages, and how VA loans compare to FHA, conventional, and other low-down-payment programs. If you’ve served, this is how to fully use a benefit you’ve earned.Read More

What is a VA IRRRL? Your Guide to a VA Streamline Refinance

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This remarkable benefit exists because the U.S. Department of Veterans Affairs (VA) backs these loans as a gesture of gratitude and support for those who have served. Among the benefits of VA loans is the ability to refinance through the VA IRRRL (Interest Rate Reduction Refinance Loan) program, also known as the VA Streamline Refinance.Read More

Your Guide to a VA Cash-Out Refinance

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Are you a veteran, active-duty service member, or an eligible surviving spouse looking for ways to tap into your home equity? A VA cash-out refinance could be a powerful financial tool that puts cash in your pocket while potentially improving your loan terms. In this guide, we'll break down everything you need to know about VA cash-out refinancing, from the basics to eligibility requirements and frequently asked questions.Read More

How to Use Your 401k to Buy a House

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Your 401k isn't just a retirement savings vehicle; it can also be a source of funds when making significant life decisions, like purchasing a home. However, it's essential to understand the methods available to tap into these savings and their respective implications.Read More

VA Loans vs. USDA Home Loans

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Are you in the market for a new home and wondering which mortgage option suits you best? VA loans and USDA home loans both offer unique benefits for homebuyers. In this comprehensive guide, we'll explore the ins and outs of VA loans and USDA loans, including their eligibility criteria, property types they cover, and the pros and cons of each. By the end, you'll be equipped to make a well-informed decision on your path to homeownership.Read More

First Responder Home Loans: Your Guide to Buying Your Dream Home

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Discover the benefits of first responder home loans in our comprehensive guide. Learn who is considered a first responder, explore eligibility and loan requirements, and find out about specific home buying programs for our everyday heroes. Your dream home is just a few clicks away!Read More

Minimum Credit Score Requirements For VA Loans

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VA loans are one of the most utilized benefits provided to America's eligible active-duty and returning service members. The VA government loan program is designed to help veterans and their spouses achieve homeownership.Read More

VA Loans Are Still Much Easier, As We Still Don’t Need Full Inspection Reports

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I wrote this blog in early March: VA Loans Are Much Easier Now – No More Clear Inspection Reports! The full blog is copied below but the gist of it […]Read More

VA Loans Are Much Easier Now – No More Clear Inspection Reports!

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VA loans are the best loans on the market – given their very low rates, the lack of mortgage insurance, the lack of loan limits, and the ability to put […]Read More

Conventional vs. Conforming vs. Government vs. Jumbo Loans; Bias For Action

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CINNABON STORY – BIAS FOR ACTION I heard this story on a podcast a few months back and just had to share it. When Cinnabon first started, they could only […]Read More

VA Interest Rates 3/4% Lower Than Jumbo

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We can close VA loans as fast as 23 days, remaining competitive against many conventional and FHA offers. We also have an in-house VA underwriter, which helps expedite the process. If there is a non-spouse/non-Vet co-borrower, we need additional underwrites and at least 30 days to close.Read More

14 Day Close Only For Conforming & FHA; VA Loans Explained

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VA financing is often the best option for any veteran, even if they have purchased a home previously if they have a large down payment, and/or if their loan exceeds conforming loan limits.Read More

VA Loan Limit Is No More!

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VA homebuyers no longer must worry about maximum loan limits. The VA loan limit has been eliminated, which gives VA loans much more wiggle room regarding the amount veteran homebuyers can borrow with 0% down. Read More

What Are The Qualifications For A VA Loan?

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A VA Loan (Veterans Administration Loan) is a mortgage that the VA guarantees for veterans. Some of the basic qualifications for a VA loan include adequate income, decent credit, and a Certificate of Eligibility. VA loans have flexible underwriting and down payment guidelines for veterans and their spouses only. VA loans also have low-interest rates, no mortgage insurance, and no down payment requirements for most veterans. VA loans are only eligible for property that is used as a personal occupancy. As a general rule, VA loans are not for buying a second property.Read More