Cash Reserves / Liquid Assets Required

Liquid Assets

Arguably, if not definitively the most advantageous entitlement accessible to eligible military members and veterans, the VA Home Loan Program is appealing for a variety of reasons. The VA insured mortgage program offers zero money down requirements, relaxed underwriting standards, non-established credit scores, assumable loans and property requirements that make certain that…

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VA Loan Credit Score

va loan

Recently, the Department of Veterans Affairs announced that it had guaranteed its twenty-one-millionth home loan. Created in 1944, in gratitude for the military service of returning World War II veterans, the popularity of VA home loans has boomed over the previous decade. In the past two years alone, over a million VA…

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Applying for a VA Home Loan if You’re Active-Duty

apply for va home loanActive-duty service member in the U.S. military, are eligible to receive the VA home loan. In comparison to conventional loans, military members are much better off pursuing a VA loan. This loan offers no money down, easier qualifying standards, no set credit requirement, a reduced funding fee and no mortgage insurance required, among…

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Properties Eligible for a VA Loan

Properties Eligible for a VA LoanOver the past decade, the popularity of the VA loan program has grown exponentially. In 2004, VA backed mortgages only accounted for two percent of all mortgages, ten years later that number has increased to eight percent. Military members only make up ten percent of the entire population, making the number of houses purchased with VA loans…

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Home Loans for People with Bad Credit

bad credit home loan

When the recession hit in 2008, over three million people experienced a foreclosure on their homes. The rate of foreclosure jumped by 81 percent (225 percent from two years prior), an unforgiving economic climate left many in dire financial straits. A short six years later, the economic reverberations are still felt by many. Younger Americans…

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Under What Circumstances Will I lose My VA Benefits?

losing my va benefitsVeterans could lose their VA benefits for two reasons: Incarceration and multiple foreclosures.

For incarcerated veterans, a reduction or loss of benefits is determined by the crime committed and the resulting prison sentence E.G. whether the offense was a felony or misdemeanor. Benefits commonly affected by a prison sentence include educational as well as disability entitlements.


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Recovering from a Short Sale without Lengthy Waiting Periods

military family go through short saleFor veterans and their families who have gone through a short sale in the past, they may find themselves in the position to buy a new home, but there’s often the question of how the purchasing process will go. After going through a short sale, there are certain requirements and time limitations in place, before another purchase…

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VA Loan Approval After Bankruptcy or Foreclosure

In recent years, an economic downturn and slow national recovery have made bankruptcy and foreclosure relatively common experiences among the American public. These are difficult monetary situations, and although a stigma remains, they are hardly a financial catastrophe. Contrary to common belief, you can receive full loan approval regardless of foreclosure or bankruptcy.In some cases (Chapter 13), an eligible recipient may in fact receive a loan even…

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What is VA loan entitlement?

VA loan entitlement is an amount of guarantee made by the US Department of Veteran Affairs.

va-entitlement, va home loansThe standard VA Loan Entitlement is either $36,000 or 25% of the loan amount. The $36,000 home loan entitlement is based on a loan of $144,000 or less. For VA home loans above $144,000, the VA Entitlement will be increased to…

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VA Home Loan Income Standards

Residual Income:

VA home loans do not offer guaranteed acceptance. To qualify for a VA home loan, you must be able to afford the payment and any existing debt you currently have. In addition to this, you will need to have money for food, entertainment, housing maintenance expenses, etc. This remaining amount is called residual income.

Sufficient residual income is used with debt…

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Apply For Va Home Loan Assistance

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