The VA loan is an outstanding option for military and veteran home buyers. But are there any benefits–or drawbacks–for home sellers? Here’s what sellers should know about VA home loans. VA Loan Overview The Department of Veterans Affairs administers the VA loan program, but VA-approved lenders (e.g., banks, credit unions, and mortgage companies) originate the […]
Due to unfortunate circumstances, veterans often ask how they can use the VA loan after a foreclosure. In other words, when a home financed with a VA loan is foreclosed upon, can veterans still use their VA loan benefits? They can, but certain restrictions exist. In this article, we’ll explain how veterans can use their […]
The VA does not allow borrowers to use a VA loan to finance a boat or RV purchase – even if you plan on living in the vehicle. However, borrowers can use one of the VA’s loan refinance options to purchase a boat or RV. VA Loan Overview The VA loan offers eligible veterans and […]
Credit scores play a significant role when getting a mortgage. Not only do credit scores factor into your rate and loan terms, but they also play a role in determining overall eligibility. Fortunately for VA borrowers, one of the advantages of VA loans is that they have more relaxed credit score requirements compared to conventional […]
The VA loan offers active troops and veterans an incredible mortgage option. But, to offset the program’s costs, the government charges many borrowers a funding fee. Fortunately, some veterans qualify for funding fee exemptions. If you didn’t meet the requirements for a VA funding fee exemption when applying for a VA loan but do now, a path […]
Over the past decade, cryptocurrency holdings have skyrocketed. And the military community is no exception, leading many veterans to ask if they can use these assets to buy homes or utilize them toward a down payment or closing costs. While you can use cryptocurrency during the homebuying process, key limitations exist. Here we discuss the […]
The Civilian Health and Medical Program of the Department of Veterans Affairs (CHAMPVA) is a health benefits program in which the VA shares the cost of covered health care services and supplies. When you separate from the military, you normally lose your spouse’s TRICARE coverage. Unfortunately, civilian health insurance can cost thousands of dollars per […]
Due to the program’s tremendous educational benefits, veterans frequently ask if it’s possible to use the GI Bill to study overseas. It absolutely is, and in this article, we’ll explain how veterans can use their GI Bill benefits to attend a foreign university. Specifically, we’ll cover the following topics: GI Bill Overview The predecessor to […]
Service members can use their basic allowance for housing, or BAH, on VA loans, an incredible financial benefit. In this article, we’ll outline how BAH works and how military members and their families can use it with VA loans to buy a home. Specifically, we’ll cover the following topics related to BAH and VA loans: […]
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