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VA Loan Eligibility and Requirements for 2017

VA loan eligibility is more involved than, “You’ve been in the service, you’re all set.” Getting a VA home loan is a big deal — hey, buying a home always is — so you’ll have to clear some hurdles. The Department of Veterans Affairs doesn’t ... read more

Veterans home loan program a model of stability in mortgage industry (Opinion)

Part of that success stems from the VA's common sense requirements for discretionary income, an underwriting feature absent from other loan types. But loan program leadership is also committed to helping veterans keep their homes. The VA keeps tabs on its ... read more

10 tips to have an awesome mortgage in 2017

Those are two predictions we can make with confidence about 2017. As for mortgage rates ... too. See a detailed eligibility table. The primary feature of VA loans is that they can be used to buy a primary home without a down payment. read more

How to navigate confusing gov't loan forgiveness program

The program was established in 2007, so the initial round of forgiveness was supposed to begin in fall of 2017, but very few people ... educate yourself on the basics requirements: you need to have the right kind of loan, the right kind of job and right ... read more

Why more veterans are using VA loans to buy homes

On top of all that, he worried about the cost and the length of the loan ... program." The biggest complaints about the program involve the appraisal process. Only VA-approved appraisers inspect the homes to make sure they meet minimum property ... read more

9 Grants and Programs for First-Time Homebuyers

FHA loans typically come with competitive interest rates, smaller down payment requirements ... the purchase price. First-time homebuyers could also be eligible for home financing education programs with the HomePath Ready Buyer program through Fannie ... read more

MI and Jumbo Products; FHA, VA, and Ginnie News; Rates Take a Breather

The share of Americans who own a home rose from the prior year, from 63.6% in the first quarter of 2017. Nice when ... ago from putting their loans into multi-lender pools for Ginnie Mae issues, has been allowed back into the program. read more

They call veterans offering low rates, fine print. VA targets home loan ‘churning’

The practice is called serial refinancing, or home loan churning ... guarantee home loans even if lenders didn’t meet the new requirements. Ginnie Mae can act more quickly. In February 2017, it told lenders that loans not meeting VA seasoning and ... read more

VA lending turns in a record year

Veteran James Pickett, right, stands with his wife Lori, seated, their children Cameron, 13, left, and Jaquan, 22, and the family's dog Destiny on March 8, 2017, in their home ... according to Veterans Affairs. The VA loan program began in 1944, when ... read more

How to Qualify for an FHA Mortgage

For borrowers who meet FHA requirements ... costs associated with FHA loans that the borrower has to pay when the loan closes, including lender fees, prepaid interest, inspection expenses, and attorney fees. The FHA mortgage program permits lenders ... read more