If you’re a veteran or active service member who has already used your VA loan, you may wonder if you can use your VA loan benefits more than once. There are certain scenarios where you aren’t allowed to use your VA loan benefits to purchase a property, but if you’re looking for a way to finance a new primary residence, there is no limit to the amount of times you can use your VA loan benefits. In this article, we’ll talk more about the specific rules and guidelines surrounding VA home loans.  Can I Purchase a Second Home Using my VA Loan? The term “second home”, when it comes to mortgage ..read more

If you’re a military service member or veteran looking to purchase a home, you’re likely planning on taking advantage of the VA home loan to finance your home buying process. However, there are certain limitations and exclusions that apply to certain borrowers that you should know about before starting your home search and planning to use a VA loan. Many borrowers who have full VA entitlement won’t have limits on their VA home loan, buft for borrowers with remaining entitlement will have to conform to the loan limit of $647,200  in most of the country. Certain states and counties have dif ..read more

Applying for and obtaining a VA home loan Certificate of Eligibility (COE) from the department of veterans affairs is the first step to getting a VA-backed home loan. Without a VA COE, lenders won’t have confirmation that you qualify for the specific type of home loan that is offered to veterans and active service members. Once you provide your lender with your COE as proof that you are eligible, you’ll be able to continue with the remainder of your loan application process.  How Do I Obtain a VA Certificate of Eligibility? Your certificate of eligibility can be obtained by submitting an ..read more

If you’re looking to buy a home in Arizona, you might consider taking advantage of the VA home loan to make your purchase. VA home loans have a $0-money-down benefit that is appealing to home buyers. However, there are some things that you should know about VA home loans in Arizona before starting your house hunting! Read on to learn more about VA loan limits in Arizona. Who Qualifies for a VA Home Loan? The VA requires prospective borrowers to meet one of the following: Serve 90 consecutive days on active duty during wartime, or Serve 181 days on active duty during peacetime, or Serve 6 year ..read more

Finding a VA mortgage lender can be difficult for service members who are first time homeowners and seasoned home buyers alike. Comparing differences in interest rates, repayment terms, and difficult to understand loan terms can make the task seem daunting. For most people, it’s important to balance finding a lender with experience and a lender with the best rates. If you understand how to accurately compare different VA mortgage offers, you can make the choice more easily. Read on to learn more about making sense of the VA mortgage comparison process. Figure Out What Type of Loan You Will Nee ..read more