Tips and advice to help Veterans and military families get the most from homebuying
Credit score requirements vary by lender. However, most lenders have similar criteria. Let's look at the minimum credit score for a VA loan and what lenders typically expect.
A VA loan is a mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs. Here we look at how VA loans work and what most borrowers don’t know about the program.
Your Certificate of Eligibility (COE) verifies you meet the military service requirements for a VA loan. However, not everyone knows there are multiple ways to obtain your COE – some easier than others.
Buying a condominium with you VA home loan benefit is a great option. However, there are additional requirements that differ from purchasing a single-family residence or a multiunit complex.
VA loans allow Veterans to have a co-borrower on the loan. Here we break down co-borrower requirements and provide common scenarios around co-borrowing and joint VA loans.
In this article, we explore the VA loan down payment requirements. In most instances, Veterans do not need a down payment, but in some cases, it's required. Let's take a closer look.
The VA funding fee is a governmental fee required for many VA borrowers. However, some Veterans are exempt, and the fee varies by VA loan usage and other factors. Here we explore the ins and outs of the VA funding fee, current charts, who's exempt and a handful of unique scenarios.
Your VA disability rating by itself has no negative effect on VA loan eligibility. In fact, your rating may provide cost-saving benefits and additional income when considering a VA loan, even if you have bad credit.
National 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.
Mortgages typically have some form of mortgage insurance. Conventional loans have private mortgage insurance (PMI), FHA loans have a mortgage insurance premium (MIP) and even USDA loans have an ongoing fee. Here we look at the VA's mortgage insurance requirements - or lack thereof.
Here we compare the primary differences between VA and conventional loans to show you when each option may be the best.