Understand the VA loan requirements and what affects eligibility for a VA mortgage. Requirements set forth by the VA and VA lenders are discussed.
Archive | March, 2011
If you currently have a conventional loan, you are allowed to refinance with a VA loan if you are an eligible veteran. Better yet, the odds are favorable that you will be able to save a great deal of money by refinancing with a VA loan!
The short answer to the question “How many VA loans can I have?” is that there isn’t a limit on the amount of times eligible veterans are allowed to utilize the VA loan program.
Before your home can be qualified for a VA loan, the VA requires an appraisal of the property. A VA appraisal involves a thorough analysis of the home and property to determine what the current market of the home and property is.
If you’re looking at buying the home of your dreams – and the price reflects it – then a VA jumbo loan may very well be the best option for your mortgage.
A VA loan pre-approval letter is a document granted by a VA mortgage lender that states that based on preliminary information such as the potential borrower’s credit, assets, and income, that they qualify for a VA loan of a specified amount.
DD 214 forms are required of veterans when applying for a VA mortgage loan, and, unfortunately, are commonly misplaced over time. The good news is that losing or misplacing it is an easily remedied problem!
There are many ways in which a getting a divorce can have an impact on VA loans.
Many veterans today are wondering whether or not they can get a VA loan if they have recently been through a foreclosure. Fortunately, the VA qualifying guidelines do allow for veterans and military personnel to qualify for a VA loan after a foreclosure, but with some restrictions.
If you’re wondering whether or not you can get a VA loan after a recent bankruptcy, you’re not alone. With the recent economic recession just barely behind us, many veterans and military personnel are now in the position of looking for a new mortgage after having gone through a bankruptcy.