Guest post by Patti Shaner HomeBridge Financial What is a VA Home Loan? A VA Home Loan is a mortgage loan provided by private lenders, such as mortgage companies and banks. The loan is partially guaranteed by the Veterans Administration. The Veterans Administration does not lend money, itself. The VA gives a mortgage lender a guarantee that if […]
Articles about VA Loans
A VA Home Loan is a mortgage loan provided by private lenders, such as mortgage companies and banks.
The loan is partially guaranteed by the Veterans Administration. The Veterans Administration does not lend money, itself.
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA).
The program is for American veterans, military members currently serving in the U.S. military, reservists, and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction.
The VA does not originate loans but sets the rules for who may qualify, issues minimum guidelines and requirements under which mortgages may be offered, and financially guarantees loans that qualify under the program.
One of the first steps in purchasing a home is getting either pre-approved or pre-qualified for a mortgage. Unless of course, you’re buying with all cash. 😁 It’s very easy to get confused between the two things. So, should you get Pre-Qualified or Pre-Approved for a mortgage loan? Without getting into too much detail, we’ll give you […]
This past Wednesday was Veteran’s Day, and in honor of our veterans and active duty military personnel, we’d like to share a little information about homeownership and our service members. The homeownership rate among veterans far outpaces that of civilians, according to Veterans United Home Loans. However, active duty military personnel often face challenges, due […]