New Utah VA Mortgage Funding Fee now available The President signed H.R. 674 on November 21, 2011. Section 265 of this law raises funding fees to the pre-November 18, 2011 levels. The VA funding fees specified are valid through September 30, 2016. Link here to review this circular in its entirety. • Funding fees for […]
A VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required.
Understand the Utah VA loan requirements and what affects eligibility for a VA mortgage. Requirements set forth by the VA and VA lenders are discussed.
VA mortgage loans allow you to refinance your home to take advantage of lower interest rates that can ultimately save you sizable sums of money in both the long-run and the short-run by lowering your monthly payment.
Taking out a VA mortgage loan on a new home purchase is a fantastic way to finance a property with a low interest rate, with little to no required downpayment.
With VA mortgage loans, you are allowed to take out a loan on either the purchase of an existing home or for the construction of a new home.
A VA compromise sale is designed to help veterans who have a VA mortgage and need to sell their home, but would end up taking a loss in the process.
One of the main questions we receive in regards to VA loans is, “What is a VA mortgage loan entitlement?”
For eligible veteran and active duty military borrowers a VA loan is often a better option than a conventional mortgage. This is due to the many distinct advantages offered by VA loans.
In order to apply for a VA loan you will need a Certificate of Eligibility, or COE for short. There are different steps required to receive a Certificate of Eligibility depending on your personal situation and branch of the military.