(Updated) VA Loan Eligibility for National Guard and Reserve
Guard and Reserve members first gained access to the VA loan benefit in 1992. Legislation passed in 2020 swung open the doors to even more Guard members who’ve performed full-time duty.Let’s take a...
View ArticleHow VA Loans Work: What Most Borrowers Don’t Know About VA Loans
A VA loan is a mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs. Here we look at how VA loans work and what most borrowers don’t...
View ArticleExplaining VA Entitlement: What You've Earned and Why It's Important
Veterans who are eligible for a VA loan have VA loan entitlement, which is basically a dollar amount the VA promises to repay back to a lender in the event you default on your mortgage. This sounds...
View ArticleThe VA Funding Fee in 2021: What's it Cost and Who's Exempt
The VA Funding Fee is a governmental fee applied to every VA purchase and refinance loan. This fee goes directly to the Department of Veterans Affairs to help cover losses and keep the loan guaranty...
View ArticleGetting a Second VA Loan: a Closer Look at Second-Tier Entitlement
There are a lot of myths and misconceptions out there about the VA loan program. Two of the most common are rooted in the concept of VA entitlement, which is basically the amount of money the VA...
View ArticleVerification of Employment (VOE) for VA Loans
For would-be homebuyers who are still working, VA lenders will need to verify your employment situation before your loan can close. Verification is at the heart of the mortgage process. Lenders will...
View ArticleVA Loan Program Backs Record 1.4 Million Loans in FY 2021
VA loans keep making history.This historic benefit program backed an all-time record 1.4 million loans in Fiscal Year 2021, a 16.5% increase from last year's previous record total, according to data...
View ArticleTop 50 Cities for VA Loans in the Benefit's Biggest Year Ever
VA loans just had their biggest year ever.This historic benefit program guaranteed a record 1.4 million loans in Fiscal Year 2021, a nearly 17% jump from last year's former record haul, according to...
View ArticleTop 50 Cities for Millennial and Generation Z VA Buyers in Fiscal Year 2021
Millennial and Generation Z homebuyers helped drive the VA loan program to a record year in Fiscal Year 2021.The VA backed more than 1.4 million loans in FY21, eclipsing last year's previous all-time...
View ArticleVA Termite Inspections By State
The VA home loan program focuses on getting service members, Veterans and military families into "move-in ready" homes that are safe, sound and sanitary. It's not as flashy, but we should add...
View ArticleVA Construction Loans: How to Build a Home with a VA Loan
VA construction loans can help qualified Veterans finance the purchase of land and the construction of a brand-new home, all without the need for a down payment. The challenge is finding a lender...
View ArticleMilitary Service Helps Narrow the Homeownership Gap for Black Americans
Military service is helping shrink the homeownership gap for communities of color.Black Veterans have higher homeownership rates than Black non-Veterans, and the difference in homeownership rates...
View ArticleBarndominiums and VA Loans: Everything You Need to Know
Barndominiums have become an extremely popular home option over the last few years, and you may be wondering if you can finance one with a VA loan. They've been showcased regularly on DIY and real...
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