If you are a veteran with eligibility for the VA home loan, you may also be able to wrap the cost of energy efficient improvements into your loan. You don’t have to meet special requirements. If you qualify for a VA loan, you also qualify for the EEM (Energy Efficient Mortgage). Looking for Current Mortgage […]
VA Home Loan Eligibility for Active-duty military personnel
Did you know that it’s a myth that you have to wait until you are not actively serving in the military to use your VA benefit? As long as you have met your time requirement, you may be able to use your benefit. Looking for Current Mortgage Interest Rates? Click Here. This means you must […]
Using BAH on a Mortgage Application
You need income to qualify for a VA loan. If you are active in the military, some of your money may come from your Basic Allowance for Housing. Luckily, you can include this money on your loan application for qualifying purposes, but it must meet certain requirements. What is BAH Income? Active military members receive […]
Qualifying for a VA Loan with a New Job
You probably hear it all of the time. You need at least a 2-year work history to get any type of loan, including the VA loan. Is it true? It is, but only to a point. Yes, a 2-year stable employment history would make your life a lot easier when applying for a VA loan. […]
Alternative Income Types VA Mortgage Lenders Still Allow
You know you need income to qualify for a VA loan, but what if you have part-time income? Are you excluded from the chance to secure a loan? Looking for Current Mortgage Interest Rates? Click Here. There’s no cut and dry answer to this question, unfortunately. It really depends on your situation. Technically, yes you […]
When Does a VA Pre-Approval Expire?
Before you shop for a home, you should get pre-approved. VA lenders offer VA pre-approvals all of the time. It helps you and the lender know where you stand. It also helps you get your foot in the door when looking at homes. Many sellers and realtors won’t let you see a home unless you […]
The Best Way for Veterans to Consolidate Debt
Veterans that used their VA home loan benefit may be eligible for the VA Military Debt Consolidation Loan. This loan can help veterans that experienced a financial crisis or just find themselves in over their heads in debt. Get Matched with a Lender, Click Here. Only veterans that use their VA home loan benefit qualify […]
How to Use a VA Loan for Home Improvements
Most veterans know they can use VA home loan benefits to buy a house, but did you know VA mortgage loans can be used to improve a home too? It’s not a common use, but the benefit is there for those veterans that qualify. Get Matched with a Lender, Click Here. The VA allows veterans […]
Do you Need Clear CAIVRS for VA Loan?
Did you know that lenders check more than your credit when they qualify you for a VA loan? They also check CAIVRS or the Credit Alert Interactive Voice Response System. Only government lenders must use this system. Compare Offers from Several Mortgage Lenders. Learn what it means to have clear CAIVRS and how it can […]