The VA Home Loan Program was introduced at the end of World War II to help the returning men and women who served in the armed forces (and their surviving spouses) buy a home. The program provides easy access to mortgage loans for both purchase and refinance. It streamlines the mortgage application process and [...]
If you’ve been in your off-base home for more than a few years, you may want to look into refinancing. In many cases, refinancing can lower your monthly payments, shorten your loan term, give you funds to use toward upgrading your home (or cover other expenses) or all of the above. But when do you [...]
Whether you’re renovating to add convenience, improve your home’s aesthetic, or increase its overall value, one thing’s for certain: VA refinancing can help make it happen. Rather than scrimping and saving, pulling money from your 401K, or cutting corners and DIYing it, a VA refinance can tap your existing home equity to give you cold, [...]
A VA refinance loan can be a great option for qualified veterans, military personnel, and their spouses. Whether you're looking to refinance for a lower interest rate, a shorter payment term, or to take cash out, as a veteran you have a number of options to lower monthly payments, consolidate debt, or find the cash [...]
The VA loan program was created as part of the original Servicemen’s Readjustment Act, passed by the U.S. Congress in 1944 for service men and women returning home from World War II. Like the GI bill, it was designed to help returning veterans make up for the time they’d lost and to thank them for [...]
There are a lot of misconceptions about VA loans---that they take a long time to close, that they’re harder to get, and that they’re more of a hassle. Sadly, these misconceptions often keep hard-working veterans from applying for them---a decision that can cost thousands and thousands of dollars over the life of the loan. So [...]
Over the past five years, housing prices in the U.S. have been rising about twice as fast as the historical average—mostly due to low inventory. So, it’s only natural that many (but not all) of the 2018 VA home loan limits and FHA loan limits are also higher than last year. The new rates—effective January [...]
As a nation, we dedicate Veterans Day to publicly recognize those who bravely serve our country. We recognize the brave men and women who have put their lives on the line for the values and beliefs we hold dear: life, liberty, and the pursuit of happiness.
If you served in the United States military for a certain period of time, you may be eligible for a VA loan. VA stands for Veterans Administration, which is the federal agency that backs these types of loans.