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VA LOAN LENDING

Helping Veterans Save Money on VA Loan Closing Cost

  • Speak to a VA Specialist: 800.749.8155

Eligible Reasons to Use your VA Eligibility

VA Loan EligibilityVA is authorized by law to guarantee loans made to veterans and service members. Below are the following purposes to use your VA eligibility:

  • You can purchase or construct a residence to be owned and occupied by the veteran as a home. The loan may include simultaneous purchase of the land on which the residence is situated or will be situated.
  • Loans may also be guaranteed for the construction of a residence on land already owned by the veteran (A portion of the loan may be used to refinance a purchase money mortgage or sales contract for the purchase of the land, subject to reasonable value requirements.)
  • The residential property may not consist of more than four family units and one business unit except in the case of certain joint loans.
  • To refinance an existing VA guaranteed or direct loan for the purpose of a lower interest rate.
  • To refinance an existing mortgage or other indebtedness secured by a lien of record on a residence owned and occupied by the veteran as a home.
  • To repair, alter, or improve a residence owned by the veteran and occupied as a home.
  • To simultaneously purchase and improve a home.
  • To improve a residence owned and occupied by the veteran as the veteran’s home through the installation of residential energy improvements. These energy efficiency improvement loans can be made in conjunction with any type of VA purchase or refinancing loan.
  • To purchase a single family unit in a residential condo development approved by VA.
  • To purchase a farm residence to be owned and occupied by the veteran as a home. If the loan includes the purchase of farmland, the farmland is appraised at its residential value only.

For additional Eligibility Information or to qualify with No Obligation, consult a VA Loan Specialist now>>>

You can’t Use a VA Loan for these reasons

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2019 VA IRRRL GUIDELINES

VA IRRRL Guidelines 2019 – Changes Caused by Lenders

In 2018 VA changed their guidelines on their VA refinance programs as set forth by the U.S. Government. The changes were made in attempt to stop predatory lending. Then the VA IRRRL guidelines in 2019 were updated again as some large-name lenders were abusing the program. Now it appears VA has loosened up…just a bit. […]

VA Loan Origination Fee – Top 10 Reasons to Avoid

In a previous article, I explained what a VA loan origination fee is. Here we’re going to discuss 10 reasons you should avoid paying it “at all cost”. If you are currently working with a lender that charges one and they are unwilling to waive it, quickly find a lender that will. It’s a fee […]

Paying Origination Fees

What is an Origination Fee

You’ve gotten to the shocking point of seeing how much money you need to bring to closing on your VA loan. Somehow your lender either didn’t talk much about it before now or not at all. In either case, it hits you like a ton of bricks. Origination fee? What is an Origination Fee? This […]

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Veteran closing cost assistance

VA CLOSING COST ASSISTANCE

There are over 18 million US Military Veterans living in the United States. Less than 1% of the population are even aware they're eligible for a Closing Cost Assistance Program. Find out if you're one.

$500,000
$500,000
7.5%
$500,000

Please submit your request below.

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VALOANLENDING.com is not a government agency or in any way affiliated with government agencies, including Veterans Affairs. In addition, VALOANLENDING.com is not a bank, broker or other type of lending institution. All information provided is at the sole discretion of the author. Any information collected on this site will be used for the purpose of providing additional information about VA loans.