Mortgages for America

  • Home
  • About Us
  • Blog
  • Mortgage Info
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Reviews
    • Leave us a Review
    • Zillow Testimonials
  • Renovation Loans
  • Contact

Ken Burrows June 22, 2016

The history of the VA Loan

The VA home loan is one of the greatest benefits offered by the U.S. Department of Veteran Affairs, but how did it get started? A VA loan is a loan from a qualified independent lender that’s backed by the VA. The VA doesn’t actually lend money, but instead guarantees loans made to veterans and active-duty military in case of default. The pledge gives lenders the confidence they need to lend on low- or no-down payment home purchases. Beginning in 1944, during the height of World War II, … [Read more...]

Filed Under: Veterans Tagged With: History of the VA loan, va benefits, VA Eligibility, VA Mortgage Loans

Ken Burrows June 15, 2016

Does the VA put limits on loan amounts?

Contrary to common belief, home loans backed by the Veterans Administration (VA) have no cap on the upper range. While most eligible veterans opt for conventional loans, which have conforming loan limits, these limits are not imposed by the VA. When loan officers refer to loan limits in association with VA loans, they are most likely referring to how much someone can borrower with zero down. A VA guarantee does not mean the borrower will be approved for a loan. Who is eligible for a VA … [Read more...]

Filed Under: Veterans Tagged With: VA Eligibility, va entitlement, VA loan limits

Ken Burrows

CEO – Ken Burrows


Mortgages for America

Call 888-320-7888

ken@mortgagesforamerica.org
NMLS ID 993846
APPLY NOW →
RATE QUOTE →

Connect with the CEO – Ken Burrows

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Quick Links

  • Accessibility Statement
  • Privacy
  • About Us
  • Contact
NMLS Consumer Access
NMLS: 993846

Categories

Our Location


298 Kingsbury Grade, Suite 2E
Stateline, NV 89449

Return to top of page

Copyright © 2023 Mortgages for America. All rights reserved.   Log In