Home Purchase
Tips and advice to help Veterans and military families get the most from homebuying
-
Using a VA Loan to Buy a CondoBuying a condominium with you VA home loan benefit is a great option. However, there are additional requirements that differ from purchasing a single-family residence or a multiunit complex.
-
The Complete Guide to VA Loan Co-Borrowers, Co-Signers and Joint VA LoansVA loans allow Veterans to have a co-borrower or co-signer on the loan. Here we break down co-borrower requirements and provide common scenarios around co-borrowing and joint VA loans.
-
VA Loan Credit Score Minimums and Lender Requirements for 2023The VA doesn't have a minimum credit score requirement, but most lenders do. Here we look at typical VA loan credit requirements and lender expectations.
-
How VA Loans Work: What Most Borrowers Don’t Know About VA LoansA 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 know about the program.
-
VA Loan Certificate of Eligibility (COE): Why It's Important and How to Get OneYour Certificate of Eligibility (COE) verifies you meet the military service requirements for a VA loan. However, not everyone knows there are multiple ways to obtain your COE – some easier than others.
-
Overtime Income for VA Home LoansVA lenders typically need to see a two-year track record of overtime income in order to count it toward qualifying for a VA home loan.
-
Getting a VA Loan With Bad CreditSecuring a VA loan with bad credit isn't impossible, but it is common for many lenders to have a more stringent credit requirements.
-
How Much Can You Borrow With a VA Loan?Determining how much you can borrow may be more complex than you realize. Factors including DTI, residual income, and the property’s appraised value all play into this.
-
VA Loan Assumption: Breaking Down How VA Assumptions WorkAssuming another's VA loan is an intriguing benefit with VA loans. Here we take a look at what an assumption is, the process and who can assume a VA loan.
-
Can I Qualify for a VA Loan Using GI Bill Assistance?See if your GI Bill benefits can count towards your VA mortgage.
-
VA Loans for a Farm: Everything You Need To KnowLearn about the opportunities and limitations with using your VA loan benefit to buy a farm residence.
-
A Closer Look at VA Adjustable-Rate Mortgages (ARMs)VA adjustable-rate mortgages (ARMs) haven't seen much demand in recent years. However, rising interest rates have homebuyers searching for VA ARMs again.
-
Using Part-Time Employment Income on a VA LoanProspective buyers can look to land a VA home loan using part-time income. But you’ll typically need a solid track record of receiving that income to make it work.
