VA Loans Insider
VA loan expert Chris Birk brings you the latest news and tips about your VA loan benefit
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How VA Loans Work: What Most Borrowers Don’t Know About VA LoansTake a look at the VA loan process explained and 10 things veterans, service members and their families should know before starting their journey through the VA home loan program. -
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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The VA Funding Fee in 2021: What's it Cost and Who's ExemptThe VA funding fee is a government fee applied to many VA purchase and refinance loans. Here we take a deep dive into why this fee exists, how much it costs and who is exempt from paying.
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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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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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Explaining VA Entitlement: What You've Earned and Why It's ImportantVA loan entitlement can be a confusing subject. Here we break down VA loan entitlement, the different types and how that affects your maximum loan amount.
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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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(Updated) VA Loan Eligibility for National Guard and ReserveNational 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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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.
