Embarking on the journey to homeownership in Washington, Oregon, and Idaho involves navigating a maze of terms, processes, and professionals. Among the key players in securing a mortgage are mortgage brokers and loan officers. In this post, we’ll unravel the mystery behind these roles to help you make informed decisions on your path to owning […]
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Embarking on the journey of homeownership is a monumental step, especially for veterans exploring the possibilities through the VA (Veterans Affairs) home loan program. While the VA loan offers unique advantages, understanding the property requirements is pivotal in ensuring a smooth and successful home-buying experience. Let’s dive into the blueprint of property requirements when considering […]
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For veterans navigating the path to homeownership, understanding the concept of VA entitlement is crucial. VA entitlement is not just a term thrown around in the mortgage world; it’s the key that unlocks the door to favorable home financing options for those who have served our nation. As a VA Direct Lender, we have quick […]
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Navigating the landscape of home financing can be a maze of uncertainty, especially for those exploring the benefits of a VA loan. One of the burning questions on the minds of many prospective homeowners is whether there are closing costs associated with a VA loan. Let’s demystify this aspect of VA loans and shed light […]
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For veterans and active-duty service members looking to secure a home through a VA (Department of Veterans Affairs) loan, the term “VA funding fee” often surfaces during the loan application process. While it might seem like an additional cost, understanding the ins and outs of the VA funding fee is crucial for those navigating the […]
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What are VA mortgage rates? VA mortgage rates are the interest rates charged on VA home loans, which are backed by the U.S. Department of Veterans Affairs (VA). The specific mortgage rate that a borrower is offered will depend on a variety of factors, including the borrower’s credit score, income, debt-to-income ratio, and the term […]
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What is a VA Jumbo Loan? A VA Jumbo Loan is designed to help veterans and active-duty military members purchase homes that exceed the loan limits for traditional VA loans. Jumbo loans are larger than the standard conforming loan limits set by Fannie Mae and Freddie Mac. The VA Jumbo Loan program allows eligible […]
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How do I apply for a VA home loan? To apply for a VA Home Loan simply call our VA experts at 833-VA-Expert. (833) 823-9737 . Here are the basic steps: Determine your eligibility: When applying for a VA home loan, we will need to make sure you are eligible for the program. We […]
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Can I use a VA loan for a second home purchase? The VA home loan program is intended to help eligible service members, veterans, and certain surviving spouses to buy, build, or improve their primary residence. While it may be possible to use a VA loan to purchase a second home, it depends on […]
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Are VA home loans available for people with bad credit? VA home loans may be available for people with bad credit, but it will depend on the specific circumstances of the borrower’s credit history. The VA loan program does not have a specific minimum credit score requirement, but lenders who participate in the program […]
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