Is The VA Loan Free Money?
You may have heard of the VA Loan as a “zero money down” loan. Some people hear this and think that the VA Loan is free money that they can use to purchase a home. While there are many benefits…
Is The VA Loan A Conventional Mortgage?
There are many home loan types out there: VA, conventional, USDA, and FHA. What is the difference? Is the VA Loan a type of conventional mortgage? The Conventional Mortgage No, the VA Loan is different from a conventional mortgage. Anyone…
What Is The Difference Between A VA Loan And A Regular Loan?
When people first start shopping around for a home, there are a lot of questions about what type of mortgage is best for their situation. Most people plan for a conventional loan, which requires 20% down and can be used…
Do I Have To Qualify For A VA Loan?
Qualifying for a loan and being eligible for the VA Loan are two different things. If you want to use your VA Loan entitlement, you will need to provide and get documentation. But the process for each is different even…
How Much Money Does The VA Loan Give You?
The VA Loan allows Veterans, service members, military Reservists, National Guard members, and some military spouses to purchase a home without a down payment. This 0% down payment home loan is a huge benefit available to those who are eligible.…
What Is the Advantage of the VA Loan?
Using your VA Loan benefit is something that many service members and Veterans do when purchasing a home. In addition to being a guaranteed loan backed by the Department of Veterans Affairs for the lender, what are the benefits for…
What Is The VA Funding Fee?
The VA Loan is a great benefit for military members, Veterans, military Reservists, National Guard members, and some spouses. It is backed by the Department of Veterans Affairs and allows those eligible to purchase a home without requiring a down…
Can A Family Member Use My VA Loan?
The VA Loan benefit is available for active duty military members, Veterans, military Reservists, and National Guard members who served for the minimum required time to be eligible. This varies based on when they served but is typically between 90…
Is a VA Loan a 100% Loan?
When using the VA Loan, borrowers are not required to put any money down as a down payment. This means that the loan covers 100% of the cost of the home, including any closing costs or fees that you are…
What Will Cause A VA Loan To Get Disapproved?
Just like in any loan application process, there is a chance that your VA Loan will not get approved. There are a few factors that can impact this, including your financial situation and the home that you intend to purchase.…
