Is a VA Loan Assumable?
What does it mean to assume a mortgage?
VA Loan Condo Purchase Guidelines
One advantage of the VA loan is the various types of purchases you can make with a VA loan. A VA loan can be used to purchase a single-family home, manufactured home, condominium, a multi-unit property, and even a new build. However, not all types of purchases are the same with a VA loan.
VA Loan Pest Inspection Requirements
If you are in the process of getting approved for a VA loan, your purchase property may or may not be required to undergo an inspection for wood-destroying insects. This requirement can add a significant amount of time to the loan approval process, so it is helpful to be able to anticipate it ahead of time.
Can a VA Home Loan Close in 30 Days?
On average, a traditional VA home loan purchase will take 40 to 50 days to close. It is possible to close on a VA home loan in as short a timeframe as 30 days, and VeteransLoans.com is known for having some of the shortest turnaround times in the industry.
What You Need to Know About FHA Loans
A Federal Housing Administration (FHA) loan is a home mortgage guaranteed by the government and funded by a private bank or mortgage lender approved by the FHA. FHA loans are designed for borrowers with lower credit scores who might not be able to afford a larger down payment. This usually includes low- to moderate-income households. The FHA loan is a popular loan with first-time homebuyers.