July 13th, 2010 | by IsaacFDavis | published in VA Loan Programs, Veteran Benefits
Many Reservists and National Guard members can get VA loans similar to the home loan benefits received by regular military members. Most of the guidelines for the VA Home Loan Guaranty Program that apply to regular military members also apply to Reservists and National Guard members. However there are a few distinct differences.
June 18th, 2010 | by IsaacFDavis | published in VA Loan Programs, Veteran Benefits
Authorization for someone to act in another person’s behalf in legal or business matters is called Power of Attorney (POA). In a VA loan transaction, a Power of Attorney (POA) can be used to protect a VA-eligible borrower who is unable to attend a real estate closing.
May 28th, 2010 | by IsaacFDavis | published in Military News
Certain surviving spouses of military personnel are entitled to VA loans guaranteed by the U.S. Department of Veterans Affairs (VA). Knowing the ins and outs of the VA home loan benefit can help qualified surviving spouses get VA mortgages.
May 20th, 2010 | by IsaacFDavis | published in VA Loan Programs
VA borrowers often hear about the “underwriter” when applying for a home loan. Who is this VA underwriter person, is it a real person, and what is the VA underwriting process?
May 11th, 2010 | by IsaacFDavis | published in VA Loan Programs
Recently, legislation was passed to improve the VA Home Loan Guaranty program. A summary of some of the legislative and other changes regarding the program can help keep it all straight.
May 6th, 2010 | by IsaacFDavis | published in VA Loan Programs
Many VA borrowers will notice that shortly after getting a VA loan, the name of the mortgage company on their bill will change. A common practice in the mortgage industry is for one company to originate and fund the loan and then another company will service the loan. Companies that sell mortgages use recovered capital made during the sale to fund new mortgages.
September 9th, 2009 | by IsaacFDavis | published in VA Loan Programs
Written by Isaac F. Davis Many VA borrowers wonder whether they can get more than one loan with the VA Loan Guaranty Program. In fact, you can use VA loans as many times as you want as long as you have entitlement. Entitlement is how much the VA will guarantee for each loan under [...]
August 18th, 2009 | by IsaacFDavis | published in VA Loan Programs
Written by Isaac F. Davis VA loans have proven to be resilient since the start of the recession in 2008. When mortgages issued under other loan programs came to a virtual halt, VA loans seemed to continue progressing at a steady pace. Factors leading up to the 2008 mortgage crisis had little effect on [...]
February 26th, 2009 | by IsaacFDavis | published in VA Loan Programs
Written by Isaac F. Davis Interest rates are at historic lows for the first part of 2009, and now may be a great time for many homeowners to refinance. VA’s Streamline Refinance Program can be easier and speedier compared to conventional loans. Falling mortgage interest rates have compelled many homeowners to research refinancing [...]
February 11th, 2009 | by freedom | published in VA Loan Programs
VA home loans are an entitlement to those VA-eligible borrowers who qualify. VA Loans, or veterans’ mortgages, are made by lenders like banks and mortgage companies and a portion of each loan is guaranteed by the U.S. Department of Veterans Affairs. The VA Loan Guaranty Program wasn’t always in existence. Discovering how VA Loans came [...]
