`One of the major factors regarding any type of VA benefits is the type of discharge you had upon leaving the military. This is definitely true for VA loan eligibility as well. You might not need strictly honorable discharge in order to receive benefits, but there are certain types of discharge that will require further […]
Is Anyone Exempt From the VA Funding Fee?
Veterans have the advantage of flexible financing options. You can buy a home with no down payment, less than perfect credit, and high debt-to-income ratios. The VA offers this flexible program for veterans that served our country in the regular military, Reserves or National Guard. Looking for Current Mortgage Interest Rates? Click Here. Every time […]
How Much is the VA Funding Fee?
Active military members and veterans have access to a great loan program through the VA. With no down payment and flexible guidelines, veterans can become homeowners without paying mortgage insurance or dealing with strict guidelines. Looking for Current Mortgage Interest Rates? Click Here. While the VA limits what closing costs veterans can pay, they do […]
Understanding the VA Disability Rates
If you served in the military and suffered a disability during or because of your service, you may be eligible for disability pay from the VA. Each veteran will receive a different amount based on their disability rating. Your disability can be physical or mental and qualify you for disability benefits. Looking for Current Mortgage […]
Home Loans for Disabled Veterans With Bad Credit
If you are a disabled veteran that has bad credit, you may think your chances of securing a home loan are minimal. We have good news for you though; you have a very plausible option in the VA home loan. Disabled veterans have the same rights as non-disabled veterans, which means you could be a […]
What Types of Co-Borrower can you Have on a VA Loan?
Not just anyone can be a co-borrower on your VA loan. They must be an approved co-borrower according to VA standards. Just who qualifies and how do you know? Keep reading to find out more. Looking for Current Mortgage Interest Rates? Click Here. What is a Co-Borrower? A co-borrower is another person that goes onto […]
Does your Service Type Affect the Funding Fee?
If you use your VA benefit, you will pay a funding fee. This is the only charge that the VA charges. Unlike the FHA or USDA program, the VA doesn’t charge any mortgage insurance or other monthly fees. You only pay your standard principal, interest, real estate taxes, and homeowner’s insurance in your payment. Looking […]
Can You Use the VA IRRRL Program After Death or Divorce?
If you are a veteran with a current VA loan, you may be able to refinance with the VA IRRRL program. This program gives you access to lower interest rates or better terms on a loan without verifying very much information. Typically, veterans with a timely mortgage payment history qualify for the program easily. Compare […]
What are the Various Types of Military Service Discharges?
When you are released from the military, you are what they call ‘discharged.’ The state of your discharge is what determines if you are eligible for VA benefits after your discharge. Whether you left the military voluntarily or you were forced, there will be a condition of your discharge that you will need to know. […]