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A VA Loan for Your New Home
Buying a home is one of the biggest and most important decisions you will ever make.
We understand that and want to make the process as easy as possible. Whether you are a
first-time homebuyer or are experienced with the process, we're here to make your home
buying journey a great one.
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- Use the Debt to Income Ratios to figure out how much you can afford to pay for a home.
- Get pre-approved on your home loan. Knowing that your mortgage loan and credit
report are already approved will let you look for your new home with confidence.
Also, a pre-approval lets the seller know that your offer is solid and that you're
a serious buyer.
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FREQUENTLY ASKED QUESTION # 18 [ -more VA Loan questions- ]
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Q: VA Loans and Rental Properties - Can I use my VA loan to buy a rental property?
A: The idea of buying a building intended as a rental property is sound-but VA mortgages aren't intended for this purpose. If you buy a home with a VA home loan, you must certify that you intend to "personally" live in the house. There are naturally exceptions made for houses that are in the building stages when the sale is made, but the general rule is you must occupy the house within sixty days of the loan closing. The occupancy requirement applies to all VA guaranteed loans except one; the Interest Rate Reduction Refinancing Loan or IRRRL. For these loans, the veteran is required to certify that the dwelling was previously occupied as the home.
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VA Loan Rates
for 12/04/2008
30 year fixed
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0.000 points
5.500%
5.610% APR
15 year fixed
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0.000 points
6.500%
6.694% APR
Life Insurance for Military Members
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- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College
FHA Refinancing
Refinance
with
an
FHA loan
FHA lenders
provide an effective way to put your home equity to work.
VALoans.com is a private company specializing in VA financing and is
not a government agency.
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Get Started with a
VA Home Loan
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