VA Loans Insider - Page 5
Page 5 of 14 - VA Loans Insider Article Archives
VA loan expert Chris Birk brings you the latest news and tips about your VA loan benefit
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Foreclosure Avoidance Options for VA Homeowners
Falling behind on mortgage payments is a stressful situation. Thankfully, there are several VA foreclosure avoidance options available to you that can potentially save you from losing your home.
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Grossing Up Non-Taxable Income for VA LoansLenders consider your gross monthly income when evaluating what kind of mortgage you can afford. In other words, they’re looking at your major monthly debts in relation to your pre-tax income.
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VA Loan Eligibility for Public Health Service & NOAA OfficersJust like veterans and military members families are eligible for a VA home loan, the U.S. Public Health Service and the National Oceanic and Atmospheric Administration are also qualified, meaning they can secure $0 down payment mortgage.
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VA Loans & Flood Insurance
Having flood insurance can save you from severe financial devastation. VA lenders typically require you to purchase a separate flood insurance policy before closing on your home loan.
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Explaining VA Lender OverlaysMany first-time homebuyers are surprised to learn there isn't one uniform set of guidelines and requirements for a VA home loan.
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How to Get a VA Energy Efficient Mortgage (EEM)Wondering whether an Energy Efficient Mortgage is right for you? There are a lot of options when it comes to the VA loan, and an EEM is just one of the many ways to maximize your hard-earned benefit.
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How to Get a VA Funding Fee RefundIt is possible to receive a refund on the VA funding fee. Borrowers may be eligible for a refund if awarded VA compensation for a service-connected disability - bearing the effective date of the VA compensation is retroactive before the VA loan closing.
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Getting a VA Loan After BankruptcyQualifying for a VA loan after bankruptcy is certainly possible, often in a shorter period than you would with a conventional loan.
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What VA Buyers Need to Know About Biweekly Mortgage PaymentsMaking biweekly mortgage payments can be an easy way for VA homebuyers to pay off the loan faster, reduce interest charges, and build equity.
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Counting Income and Allowances for Active Military, Guard & ReserveEach year, most VA loans are made to veterans. However, active duty service members and those still serving in the National Guard and Reserves can absolutely look to use their VA home loan benefits.
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Amid a Pandemic, VA Loans Are Quietly Having a Record YearVeterans are turning to their home loan benefit in never-before-seen numbers, driven by rock-bottom interest rates and a surge in refinance interest.
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VA Loans & Homeowners InsuranceHaving homeowners insurance on your property isn’t just a good bet. VA lenders will require you to have sufficient homeowners insurance in place before you can close on a loan.
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VA Loans and Investment PropertyUsing your VA home loan benefit for an investment property is an attractive option for many buyers. However, there are a few key considerations to understand at the outset when it comes to multiunit properties.
