MORTGAGE BLOG

80 Years: The History and Impact of the VA Loan

Blog posted On July 25, 2024

The VA home loan was created through the G.I. Bill, also known as the Servicemen’s Readjustment Act of 1944. Signed into law by President Franklin D. Roosevelt on June 22^nd, this legislation ensured an enduring legacy that continues to provide Veterans with vital resources, fostering a brighter future for generations to come. The VA Loan played a critical role in that development.

VA Mortgages Will Become Cheaper in April, Just in Time for the Spring Buying Season

Blog posted On April 07, 2023

The spring home buying season is gearing up, and there is good news coming for VA buyers, just in time for the upcoming season. Earlier this year, the U.S. Department of Veteran Affairs (VA) announced that funding fees for purchase, construction, and cash-out refinance loans would be reduced on loans closed on or after April 7, 2023, and prior to November 14, 2031. The reduced fee will depend on the down payment amount, loan type, and whether the borrower has ever used a VA Loan in the past. 

How to Lower Your Interest Rate on an FHA or VA Loan

Blog posted On September 01, 2022

Housing affordability has become increasingly difficult in 2022 as home prices and mortgage rates have trended higher. Many buyers are eager to escape soaring rent prices but struggling to find affordable ways to buy a home. A couple of popular loan options for new buyers are FHA Loans and VA Loans. They’re generally easier to qualify for and offer more lenient underwriting requirements. Plus, you can now lower your monthly mortgage payments for up to three years with our temporary interest rate buydown for FHA and VA Loans.

4 Tips for a Quick and Efficient Military Move

Blog posted On March 02, 2022

Getting new orders that require a move is not uncommon in the military. And when that happens, you likely will need to act fast and transition efficiently. To help you on your move, here are four tips.

Government-Backed Mortgages Explained

Blog posted On November 18, 2021

The extensive list of different home loans can be overwhelming, especially for first-time buyers. FHA, USDA, VA – the acronyms can get confusing.  But they’re worth understanding because they could help you save thousands of dollars on your mortgage.

9 Loan Programs for First-Time Home Buyers

Blog posted On October 28, 2021

Saving for the down payment is one of the biggest hurdles for first-time home buyers. But with the help of low down payment loan programs and down payment assistance, you can be home sweet home in no time.

4 VA Loan Facts to Know Before You Apply

Blog posted On May 27, 2021

VA Loans are government-sponsored loans backed by the U.S. Department of Veterans Affairs designed to help military members, National Guard members, veterans, and surviving spouses buy a home. If you’re thinking of financing your home with a VA Loan, it might be easier than you think.

Navigating a Competitive Market with Your VA Loan

Blog posted On December 17, 2020

Low housing inventory and soaring home buyer demand have led to an increasingly competitive housing market this year. While homeowners are flooded with multiple offers, home buyers are struggling to find ways to stand out. With the VA Loan – a loan backed by the U.S. Department of Veterans Affairs for military members, Veterans, and surviving spouses – you have many benefits that can help you edge out your competition. Here’s how you can best prepare to use them to your advantage.

Preparing for Your VA Loan Purchase

Blog posted On September 03, 2020

The VA Loan is one of the most important benefits offered to active duty military and veterans. It was designed by the US Department of Veterans Affairs (VA) to give returning World War II veterans an affordable pathway to homeownership because it is available with no down payment and flexible underwriting requirements.