VA loans are known for making home purchases more affordable for veterans. But you might be surprised to discover how many purchase options come with a VA loan, some of which are exclusive to the VA loan benefit. The purpose of the VA loan is to make purchasing a...
Qualifying military veterans and servicemembers are entitled to use the VA loan benefit to purchase a home, as long as they meet the fundamental VA and mortgage lender requirements. If you are a qualifying military veteran and servicemember, you might be considering...
Government-backed loans are designed to make housing more affordable and attainable to more people. But not all government-backed loans are created equal. While VA and FHA home loans are both government-backed loans, there are some pretty important differences between...
For first-time homebuyers, the prospect of purchasing a home can be daunting, especially in a housing market where home prices and mortgage rates are constantly changing and you’re not sure if now is the right time to enter the market or not. Here are some signs that indicate you are probably ready to be a homeowner.
There are many ways to use your VA loan benefit and one of those is to purchase land to build a home on. The VA loan benefit cannot be used to purchase land specifically for the purpose of owning land. But if you are planning to build a home on the plot of land you...
What does it mean to assume a mortgage? An assumable mortgage is when someone takes over the existing home loan instead of applying for a new mortgage. With an assumable mortgage, the remaining balance, mortgage rate, repayment period, and other loan terms stay the...