VA loan expert Chris Birk brings you the latest news and tips about your VA loan benefit
Closing costs are always part of the mortgage equation. But one of the big benefits of VA loans is that they limit what veterans and military members can pay in closing costs.
Sometimes lenders will need to do a closer inspection of your finances to verify you can handle the responsibility of a mortgage. This is called Manual Underwriting, and it does differ from the standard underwriting process.
During this unprecedented homebuying season, thousands of veterans are still closing on VA home loans every single week. But two parts of the process -- the VA appraisal and home inspections -- might look a bit different for some buyers, depending on how the coronavirus is impacting their community.
VA loan limits act more as a guide more than a restriction on the amount of money you can borrow. Keep reading to get a better understanding on how VA loan limits work.
Commuting into work is a common reality for many military homebuyers. However, racking up the miles on your car can affect your purchasing power and your VA loan process.
At the end of the day, you can use a VA loan to purchase land, but it will come with some strict stipulations. Learn about these requirements and how you can purchase land with a VA loan.
Effective Jan. 1, 2020, VA loan limits are going away for veterans with their full entitlement. This historic change means there's no limit to the VA loan's $0 down payment benefit.
The VA provides a single option for refinancing from a conventional to VA loan and it’s simpler to use than you may think.
Private mortgage insurance (PMI) is typically required for conventional financing. Even FHA has their own version of PMI. Let’s take a look at how VA borrowers avoid this additional cost.
VA rehab and renovation loans are the VA's answer to an aging housing market in the United States. Here we dive into this unique loan type and the potential downsides accompanying them.
The VA does have a form of home requirements, known as the Minimum Property Requirements, to ensure the property is a safe and sound investment for the homebuyer.