Residual income is the amount of money you have left over each month after paying major expenses like housing, debts, and taxes. For VA home loans, it’s a key guideline used to help ensure you can comfortably afford your mortgage and everyday living costs. When it...
When you’re comparing VA loan options, terms like par rate, buying down the rate, and discount points can feel confusing at first. They all relate to how your interest rate is structured—and how much you pay upfront versus over time. Understanding how these pieces fit...
VA termite inspections—also called wood-destroying insect (WDI) inspections—are often required during the VA home loan process, depending on the property location. These inspections help identify active infestations or damage from termites and other pests that could...
Yes, in many cases you can roll certain closing costs into a VA loan—but not all of them. It depends on the type of fee, the appraised value of the home, and how the loan is structured. Some costs can be financed, while others may need to be paid upfront or covered...
VA loan changes in 2026 are expected to focus more on flexibility, affordability, and accessibility for eligible Veterans and service members. While the core benefit remains the same—no down payment in many cases and no private mortgage insurance—updates may impact...
Retirement income can absolutely matter when you apply for a VA home loan. In many cases, retirement pay, pension income, Social Security retirement benefits, military retirement, and similar fixed income sources may be used to help qualify, as long as the income is...