VA Loan Benefits
- Veterans Administration guarantee
- VA Home Loan with no down payment (100% financing)
- Money saved on mortgage insurance
- Low VA Loan Rates
- Never a pre-payment penalty
- Financial counseling from the VA in case of temporary financial difficulties
- More information in the VA Home Loan Guide
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Search for Your File
If you've applied for a VA Loan or other government loan program previously, much your information may already be on file with our department.
Locate your file here: File Lookup
Bulletins
- Survivors Fast-Tracked for Stop-Loss Pay [Source: Military.Com] Read more
- HUD CHARGES CHICAGO ARCHITECT, DEVELOPER WITH FAILURE TO BUILD APARTMENTS THAT ARE ACCESSIBLE TO PERSONS WITH DISABILITIES [Source: HUD] Read more
More Bulletins
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VA Mortgage FAQ's
Can I get a VA loan if I have bad credit?
Many VA-eligible borrowers wonder whether bad credit might be a deal breaker in qualifying for a VA loan. Lenders look at several factors when deciding whether a borrower is qualified for a VA mortgage. For those with a history of bad credit, a common assumption they may have is ... View FAQ
How does assuming a VA loan work?
One of the great features of the VA mortgage program is that loans are assumable with credit qualification. When a VA borrower sells a home to another VA-eligible borrower, often times the loan can be assumed. VA home loan assumption can happen two ways. The seller can allow ... View FAQ
Other Veteran Loan Questions | Ask a Question
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Featured Special Topics
The Interest Rate Advantage with VA Loans
When it comes to interest rates, VA loans have a unique advantage over most other types of loans. A VA borrower typically won’t receive a rate hike due to his or her credit score like a conventional borrower might. For instance, if a conventional borrower has a credit score below a certain number, often 720, he or she will most likely receive a higher interest rate. Also, a conventional loan can often require a down payment ... Read More
How the VA Appraisal Process Works
When financing a home with a VA home loan, an appraisal is necessary in order to justify the loan amount. A VA loan amount cannot exceed the appraised property value.
There are a lot of people who are certified to appraise real estate. However, not all of them are VA approved. Only a VA-approved appraiser can appraise the value of a property being financed with a VA loan.
Although anyone can request an appraisal (buyer, ... Read More
Other Special Topics
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