The VA home loan is a no-money-down mortgage exclusively for military service members and veterans who have fulfilled a minimum service requirement. Certain surviving spouses of military members who died in the line of duty are also eligible for a VA mortgage. VA home loans are a government-backed mortgage program. Government backing allows lenders to […]Read More
Michael Hunter is a retired Army special forces sergeant major. Over 26 years of military service, he completed six combat tours in Iraq and Afghanistan and numerous overseas contingency operations. During his distinguished career, he earned his Ranger and Sapper tabs and received numerous decorations, including the Silver Star, the nation’s third-highest award for valor, and the Bronze Star with a ‘V’ device. He retired from the Army in 2021 at the rank of sergeant major. Hunter has a master’s degree in business management from Excelsior College. After his military career, he worked at Aligned Education Foundation (AEF), where he taught his fellow veterans and service members about opportunities and resources to help them achieve their goals, including homeownership. Now Hunter travels the world as a technology sourcing consultant for Resourcive. He has been married to his wife, Danielle, for twenty-three years. Together they have four children. In his free time, Hunter likes to spend time outdoors traveling camping, fishing and hunting.
Multiple borrowers can apply for a VA loan together. But, co-borrowers may have to remove one of their names if divorce or other circumstances affect the arrangement. The VA Lender’s Handbook, VA Pamphlet 26-7, outlines the rules of the VA loan program, including those for removing a borrower’s name from a loan. Keep in mind, […]Read More
Military members and veterans can use VA home loan benefits to purchase various properties, including condo units. However, the VA home loan process for condominium purchases is a little different than financing other types of eligible properties using a VA mortgage. Here’s what you need to know, according to the VA’s Lender Handbook, VA Pamphlet […]Read More
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 […]Read More
The VA loan offers veterans an affordable path to homeownership. However, not all properties qualify for this loan because the VA wants to ensure veterans’ homes meet their baseline standards for habitability. Here’s what you need to know about minimum property requirements for a VA loan. VA Loan Overview VA Loan Minimum Property Requirements Common […]Read More
Military members can use the Department of Veterans Affairs loan program while on active duty. Here’s how VA loans work for active-duty military service members. VA Loan Overview VA Loan Eligibility Requirements for Active Duty Military Members Using Active-Duty BAH to Qualify for a VA Loan Considerations when Nearing End of Active-Duty Service How to […]Read More