VA Loan Resources
Welcome to the VeteransLoans.com resource hub where we empower our heroes with knowledge and resources. Dive into our articles that cover everything from navigating VA loans to tips on financial wellness. Our mission is to provide veterans with the insights they need to make informed decisions about their financial future.
How Much is the VA Loan 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 refinances.
This funding fee goes directly to the Department of...
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How to Get a VA Certificate of Eligibility
A VA Certificate of Eligibility from the Department of Veterans Affairs is necessary to be approved for a VA home loan. A COE essentially demonstrates to your lender that you meet all of the VA’s qualifications based on your service history and duty status.
A Certificate of Eligibility does not nece...
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VA Loan Requirements for 2022
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 for a VA loan if:
You are curren...
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What is a VA Loan?
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 VA home loan is also a lifeti...
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How Debt-to-Income Ratio Affects Your Mortgage
DTI stands for “debt-to-income” and refers to the ratio of your monthly debt payments over your monthly gross income. Essentially, DTI compares your overall debt to your overall income. This calculation is used by mortgage lenders to determine if you qualify for a mortgage loan or not.
Your DTI give...
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How to Prepare to Buy a Home in 2022
Are you planning to buy a home in 2022? This year’s housing market is shaping up to be another competitive seller’s market. However, with increasing mortgage rates, the 2022 housing market will hopefully have a larger inventory compared to 2021. This is good news for homebuyers, but the landscape wi...
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How Does The Closing Process Work?
When you contact a loan specialist and are pre-approved for a mortgage, the home purchase process begins. From that point on, your loan specialist works with you to get everything prepared for the closing process. A lot of documentation and information is necessary to get your loan application appro...
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Can I Buy a Home With No Down Payment?
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 the cost of living appreciating...
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10 Most Misunderstood Mortgage Terms
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 (PMI)
Private mortgage insurance ...
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7 Factors That Determine Your Mortgage Rate
The mortgage interest rate on your home loan is what you are charged to borrow the money used to finance your loan. This is how the lender profits over the life of your loan. It is also how they financially mitigate the risk of lending you money. There are several key factors that contribute to dete...
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What to Expect in the 2022 Housing Market
Maybe you are a potential first-time homeowner, wondering if 2022 is the year to enter the housing market. Or maybe you are a homeowner wondering if 2022 is the year to sell your home and upgrade. Wherever you are in the homeowning process, you should understand the housing market landscape for 2022...
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The VA Loan Process
The VA loan process can seem complicated, especially for someone who has never procured a VA loan before, so we explained the process in these 8 steps:
Contact a VA-Approved Lender
VeteransLoans.com is a VA-approved lender. You can contact a loan specialist at (888) 232-1428 or fill out a form onlin...
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