VA Home Loan Eligibility

Frequently Asked Questions About VA Home Loans

These videos address some of the more common VA home loan questions addressed by our department. Browse the topics below to view answers to VA home mortgage FAQ's. For questions regarding your own individual situation, you can Ask your own VA loan question, or you can call 1-800-211-9024 to speak with a VA mortgage professional.

1. VA Home Loan Eligibility		Video	Audio	Text
	Am I eligible to apply for a VA Home Loan?
	Can I get a joint VA loan with someone?
	Am I eligible for a VA loan as the spouse of a deceased veteran?
	What types of homes are eligible for VA home loan financing?

2. VA Home Loan Limits and Qualifying		Video	Audio	Text
	What's the most I can borrow with a VA mortgage?
	Can I get a jumbo VA loan?
	What are the recent changes to VA limits and are they permanent?
	What are the income requirements for VA home loans?
	Why do the VA and my lender have different guidelines for VA loans?
	Can I borrow more than the value of my home with a VA home loan?

3. VA Current Mortgage Loan Rates		Video	Audio	Text
	What rate can I get on a VA loan?
	Are there fixed and adjustable VA home mortgage rates?
	How are VA mortgage rates determined?
	How does my credit score affect my VA home loan interest rate?

4. VA Home Loan Assumption		Video	Audio	Text
	How does assuming a VA home loan work?
	When someone assumes my VA loan, is my name removed from the loan?

5. VA Loans with Bad Credit		Video	Audio	Text
	Can I get a VA loan if I have bad credit?
	How does a prior bankruptcy affect my ability to qualify for a VA home loan?
	Who decides if I qualify -- the VA or my lender?

6. VA Home Mortgage Loan Fees		Video	Audio	Text
	What fees will I be charged with a VA home loan and how much cash do I need?
	What is the VA funding fee and how does it work?

7. VA Debt Consolidation		Video	Audio	Text
	How can my VA mortgage benefits be used to lower my monthly bills?
	Do I have to have a VA home loan already to do a VA refinance?
	How much of my home's equity can I use to consolidate debt with a VA loan?
	How can I lower my mortgage payment with a VA streamline loan?

8. Using VA Home Loan Entitlement		Video	Audio	Text
	What is VA Loan Entitlement?
	How do basic and bonus entitlements work?
	How do I know if my entitlement has been restored?
	Can I get more than one VA loan at a time?
	What if I am moving and need a new VA loan before I've sold my current home?

9. How a VA Loan Affects Other VA Benefits		Video	Audio	Text
	How will getting a VA loan affect my other VA benefits like pension and health care?

10. VA vs. FHA		Video	Audio	Text
	What are the differences between VA loans and FHA loans?
	Are there circumstances when a VA home loan might NOT be the best option for me?

Videos feature Tim Lewis, VA Loan Team Manager, NMLS #157603.