Tips and advice to help Veterans and military families get the most from homebuying
New homeowners often get solicitations for mortgage term insurance. Here's what you need to know.
Without major changes to federal drug laws, Veterans whose income relies heavily or solely on the production or sale of marijuana will likely remain in limbo when it comes to using their VA loan benefit.
Bitcoin and its crypto counterparts are increasingly popular. Here's what Veterans need to know about using them during the VA homebuying process.
The Servicemembers Civil Relief Act (SCRA) is a federal law that provides a range of civil and financial protections for active-duty military members. SCRA safeguards cover everything from mortgage interest rates and foreclosure to car and rental leases and income tax payment.
Not all first-time homebuyers will have a robust credit history, and as strange as it sounds, things like your cable bill or P.O. Box can help you land a VA home loan. Using alternative tradelines may convince mortgage lenders that you're a safe bet.
Getting a VA home loan can be more challenging if there’s a civil judgment showing up on your credit report. These typically appear after a creditor takes a consumer to court because of unpaid debts.
While it isn’t a common occurrence, veterans and military members may be able to purchase with a VA home loan through a revocable inter vivos trust.
VA lenders will take a deep dive into your finance to determine if you are eligible for a VA home loan. One of the most important metrics is the Debt-to-Income (DTI) Ratio.
An incredibly powerful benefit of the VA home loan is military members' ability to use their Basic Allowance for Housing (BAH) towards their mortgage payments. BAH rates depend on several different factors, so it's crucial to verify your amount with the DOD.