As the longest running government shutdown in American history enters its second month, there’s a lot of confusion and uncertainty surrounding the impact on VA loans. For starters, what is a government shutdown? A government shutdown occurs when members of Congress fail to pass a bill funding the government or when the president refuses to sign a bill. VA Loans: The Good News The good news is that, for the most part, home loans, including home loans backed by the U.S. Department of Veteran … [Read more...]
Can You Get a VA Home Loan with Bad Credit?
VA home loans are one of the most powerful wealth building tools available today. Mostly because these government-secured mortgages allow veterans and active duty service members to buy home with little or no money down. These loans even offer greater flexibility into the credit history of the borrower than, say, a conventional home loan backed by Fannie Mae or Freddie Mac. However, in order the address the question at hand, we must first define “bad credit.” For VA home loans, borrowers … [Read more...]
Are there title restrictions on VA home loan?
Like with any home loan, there are some title restrictions associated with VA home loans. For instance, the VA will not guarantee home loans on any property in which the borrower’s ability to sell is restricted. What does this mean? First, we need to define title restriction. What is a title restriction? When you buy a home, it’s not just the sticks and stones the house it built with that you’re buying. In most cases, you’re also buying the land the home sits on. A title is a legal document … [Read more...]
VA loan vs Conventional loan
As interest rates continue to rise, there’s more and more incentive to apply for a VA home loan. While some people believe VA loans involve too much red tape, a simple cost comparison will show that dealing with a little more bureaucracy can save you thousands in the long run. But since we specialize in VA home loans, we have streamlined the process in order to save you time and money. We help families all across the country save money on purchase, refinance and construction loans backed by … [Read more...]
