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Toni

Understanding YOUR VA entitlement numbers

by Toni

Learn how to read your certificate of eligibility and understand what the numbers mean.

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VA Loan Appraisals – Everything you need to know and more

by Toni

A VA appraisal is a critical step in funding a VA loan.  Let’s examine the appraisal process and highlight the key points every veteran should understand.
Don’t try to order your own VA appraisal!
The VA lender is responsible for ordering the appraisal.  This process normally takes place just after the borrower has submitted their entire loan [...]

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VA Construction Loans

by Toni

Thinking of building a home and wondering if you can use a va home loan for financing? If you are a veteran then you may have this option available and getting a new home built may be easier than you think.
Basic VA home loan requirements:

Serve or have served in the US Military, Reserves or National [...]

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Credit Requirements for VA Loan

by Toni

Even though the VA loan is more lenient than conventional mortgage programs, there are still credit requirements in order to be approved for a VA loan.   Most banks require a minimum 620 credit score and 12 months mortgage history with no lates.
Types of imperfections on a credit report that may affect the VA loan approval [...]

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Characteristics Of Predatory Lenders

by Toni

They say knowing is half the battle.
Here at www. valoanstore.com/blog, we want to keep our readers as well as fellow veterans informed.  We believe that veterans need to know what’s out there and how they can protect themselves from abusive lenders.  And because we don’t want anyone to become a victim of predatory lending, [...]

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U.S. Dept. Of Defense Homeowners Assistance Program

by Toni

In Washington, Vice President Joe Biden announced the Defense Department’s plan to temporarily expand its Homeowner’s Assistance Program (HAP) especially for its service members who were forced to sell their homes at a loss as a result of the country’s housing crisis.
Vice President Biden recognizes “the sacrifices military families make for our country – in [...]

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VA Loan Limits

by Toni

When deciding to apply for a VA loan, there are several things to consider.

Am I eligible to qualify for a VA loan?

Have I done enough research in order to decide what may be the best and most beneficial VA loan program for my situation?

Before starting the financing process, it’s always a good idea to [...]

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Benefits to Refinancing with a VA Streamline Refinance Loan

by Toni

VA homeowners seeking to lower monthly mortgage payments and/or looking to switch from an unstable variable interest rate mortgage should benefit from refinancing with the VA streamline refinance program.
The VA streamline refinance program or IRRRL (Interest Rate Reduction Refinancing Loan) is available to current VA loan mortgage holders who are active duty military, veterans, reservists [...]

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