Considering buying a home? Applying for and qualifying for a home loan can be a complicated process. At VeteransLoans.com, we want to make that process as simple as possible by providing educational resources and excellent customer service every step of the way.
What is Home Equity? Home equity is the portion of your home that you own. It is the principal value of your home that has been paid off. When you purchase a home and secure a mortgage, there are several ways you can establish and build equity in your home. Why Build...
What is the VA Funding Fee? The VA funding fee is a one-time payment that can be paid upfront by the borrower upon purchasing their home with a VA-backed loan. This fee can also be rolled into the mortgage. This funding fee applies to both VA home purchases and VA...
Are you considering purchasing a home in 2022? Wondering if you qualify for a VA home loan? Here are the latest VA loan guidelines, how to qualify for a VA loan, and an overview of all other VA loan requirements for 2022. Who Qualifies for a VA Loan? You may qualify...
A VA loan is a mortgage issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs. This type of loan has no down payment requirement, competitively low-interest rates, limited closing costs, and no need for Private Mortgage Insurance (PMI)....
The greatest barrier to purchasing a home for first-time homebuyers is the down payment. Many prospective first-time homebuyers qualify for a home loan but do not have the funds to set aside for a down payment. With inflation increasing in the last couple of years and...
There are many mortgage terms that can be confusing to anyone outside of the mortgage finance industry. If you are considering or in the process of purchasing a mortgage, here are the ten most misunderstood mortgage terms you need to know. Private Mortgage Insurance...