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This is by far and away the longest video I've ever made. That said, I believe Veterans and Active Duty Military will find the information provided to be val...
- 47 min
- 3K
- Jimmy Vercellino - MLO Specializing in VA Loans
Mar 8, 2024 · Welcome to "VA Home Buying 101" with Jason Wood, the VA Loan Guy! In this video, I'll guide you through the essentials of using a VA loan to buy your dream home. Whether you're a...
Apr 17, 2024 · VA HOME LOAN: A Guide for Veterans! As a Veteran, you've got the incredible benefit of using the VA home loan program multiple times. But let's talk about the VA funding fee – an...
- 22 sec
- 22
- Jessica Lupian - Real Estate Broker & Realtor
- Flexibility with Bankruptcy and Foreclosure
- The VA Amendment to Contract
- VA Loans Are Assumable
- Better Terms and Interest Rates
Some borrowers who qualify can be eligible for a VA home loan two years after a Chapter 7 bankruptcy, short sale, or foreclosure. The wait can be much longer for different loan types. The VA also encourages lenders to offer foreclosure avoidance programs. The goal of VA loans isn’t only to get Veterans in homes but to keep them there.
Purchase contracts typically come with appraisal contingencies. The VA Amendment to Contract allows would-be buyers to walk away from a home if the VA appraisal comes back low. In this scenario, the buyer would automatically receive their earnest money back and be free to walk away from the deal. Unlike other loan types, VA buyers cannot waive this...
Assumptions have traditionally been a lesser-known and lesser-used pro of the VA home loan. The biggest benefit of assumptions is that borrowers can take over a Veteran’s loan and lock into interest rates lower than what is currently available. Looking into a VA loan assumption might be a huge win financially, especially once interest rates start t...
VA loans have had the lowest average fixed rate on the market for more than six years running, according to data from Ellie Mae. Housing data also show that VA loans typically feature lower closing costs and fees than conventional mortgages.
Feb 5, 2024 · Here are the steps to follow when buying a home with a VA-backed loan: As a veteran, you have access to the VA loan which can help you purchase a home with favorable loan terms and at a rate of interest that is typically lower than conventional loans.
Oct 12, 2022 · VA direct and VA-backed Veterans home loans can help Veterans, service members, and their survivors to buy, build, improve, or refinance a home. You’ll still need to have the required credit and income for the loan amount you want to borrow.
People also ask
Can you get a VA home loan if you're struggling?
Can a veteran buy a home without a down payment?
Can veterans buy a home with a VA loan?
Are VA loans a good idea?
Is a VA loan right for You?
Is a VA home loan better than a traditional loan?
Oct 1, 2024 · By far, the single-largest benefit of the VA loan is that qualified Veterans can purchase without a down payment. This huge advantage allows Veterans and service members to buy homes without having to spend years saving for that typical lump-sum payment. Check your eligibility for a $0 down VA loan.
