Key takeaways VA loans offer many benefits such as no down payment or mortgage insurance, easier qualifications and lower interest rates. However, they also have drawbacks such as a required funding ...

A VA loan can allow service men and women to qualify for homes they might have thought were out of reach. Read on to learn ...

The process to get a VA home loan Getting a VA loan is a little different than getting a conventional mortgage, as there’s an extra step involved: proving that you’re eligible for the VA loan ...

VA home loans are a type of mortgage backed by the Department of Veterans Affairs. ... let your loan officer know and begin the full loan process.

Congress passed a bill creating a new partial claim program for veterans who have fallen behind on mortgage payments.

The VA Home Loan Program Reform Act would authorize a partial claim program within the VA’s suite of loss-mitigation tools.

Your VA home loan benefit can’t be used by or transferred to any of your family members. ... You can also follow a similar process to get a VA construction loan while deployed.

There is no minimum credit score required for a VA loan, though most lenders require a score of 620 or higher, and there is no limit on the amount a veteran can borrow, though the average home ...

A U.S. Department of Veterans Affairs (VA) construction loan can be a good option to help provide the financing you need to build the home you want, including the land it sits on. This home loan ...

The VA share of all U.S. mortgage applications rose during the first week of July to 11.2% from 11.1% in the prior week, the Mortgage Bankers Association said in a July 13 report.

Lenders tend to charge lower rates for VA loans than they do on conventional loans, which means you can save a lot of money on interest in the long run, especially over a 30-year loan. VA home ...