Did you know the VA doesn’t actually make loans? Private lenders do. If a VA loan is approved and meets guidelines set forth by the VA and the lender, the VA will guarantee a portion of the loan. Generally, the VA will guarantee the first 25% of the loan, which is why veterans are not required to put down any money if they don’t want to. It is possible to… Read More
The Blue Water Bill: What It Means for VA Loan Limits
The Blue Water Navy Vietnam Veterans Act of 2019 is a key piece of legislation that will have a sweeping effect on the VA home loan program for years to come. This act extends benefits to certain Vietnam War Sailors who served between 1962 and 1975 and uses changes in the VA loan program to pay for some of the required measures. The most significant of these changes is… Read More
Industry Interview: How to Be Financially Prepared Before Buying a Home with a VA Home Loan
Let’s face it: buying a house is a big decision. For most people, including many Veterans, it’s the biggest financial choice they’ll make in their entire lives. This decision can also be one of the most rewarding when done right, and that means getting financially — and mentally — prepared for it. As part of our commitment toward educating Veterans about the VA home loan process, we reached out… Read More
3 Ways to Obtain Your VA Certificate of Eligibility
The VA Certificate of Eligibility (COE) is one of the most critical documents in the VA home loan process. This certificate serves as proof of a Veteran’s military service and provides important information to the lender. If you want to get your hands on your COE but don’t know where to start, we’re going to take a look at three ways you can obtain your VA Certificate of Eligibility…. Read More
How is VA Loan Entitlement Calculated?
As a Veteran, you’ll hear the phrase “VA loan entitlement” used often when you start exploring your military benefits. A simple way to define entitlement is the maximum amount of guarantee that the VA will provide to a lender on a Veteran’s behalf. A common misconception is that entitlement is the maximum loan amount you can get. Not true! Your entitlement amount is just a fraction of your zero-down… Read More
Refinancing & New VA Loan Limits
Many Veterans are interested in how refinancing affects their VA home loan entitlement. We hear questions like, “Do the new VA loan limits apply to me if I refinance?” and “How can I restore my VA loan entitlement by refinancing?” Today we’re going to look at what these new limits are and how they might impact a Veteran’s decision to refinance. Current VA Loan Limits Starting in 2020, the VA… Read More
Infographic: Debt to Income Ratio Explained
VA Loan Debt to Income Ratio The Complete Guide Find out everything about debt ration here. Share this Image On Your Site </p><br /><br /><br /><br /><br /> <p><strong>Please include attribution to socalvahomes.org with this graphic.</strong></p><br /><br /><br /><br /><br /> <p><a href=’https://www.socalvahomes.org/infographic-debt-to-income-ratio/’><img src=’https://www.socalvahomes.org/wp-content/uploads/2019/12/Debtratio_R04_1210-1.jpg’ alt=’Debt-To-Income-Ratio-Infographic’ 540px border=’0′ /></a></p><br /><br /><br /><br /><br /> <p>
How to Determine How Much House You Can Afford
Are you a first-time homebuyer wondering how to determine how much house you can afford? Trying to figure out how much you should spend on a home and just how much you can actually afford on a mortgage can be overwhelming. Figuring out these things does not have to be nerve-wracking if you know who to turn to! Keep reading to learn more about assessing your finances and preparing to… Read More
Mortgage Rate Calculator: Getting the Most Out of This Important Tool
Knowing how to use a mortgage rate calculator is tremendously helpful for first time home buyers. A mortgage rate calculator is useful for getting an estimate of your monthly mortgage payment and seeing what part of your monthly payments will go toward interest, taxes, and homeowner’s insurance. In this guide, we will walk you through the different steps that allow you to calculate your mortgage. How to Use a… Read More
The VAn Brady Report San Bernardino Sept18
The VAn Brady Report – San Bernardino Sept 18
