Sometimes life happens and can cause a huge drop in credit scores. Though the drop doesn’t take long, building credit scores back up can take what feels like—a lifetime. But, just because you hold a bad credit score, doesn’t mean you can’t use a VA loan for a home purchase.
The VA Loan is full of awesome benefits for veterans and service members. Among others, the no-down payment option is a great opportunity to turn the dream of homeownership into a reality. In the current markets, it seems like interest rates can rise and fall like the tide –so what
Using a VA Loan After a Short Sale Having to execute a short sale on a VA-backed property can be extremely disappointing and heartbreaking. It may have you wondering if you’ve ruined your chances of purchases another home with a VA loan. That is not the case—there is hope! So,
VA Non-Allowable Fees: Using your VA Loan benefit may seem daunting at first, but it’s important to understand as many aspects of this benefit as possible. One of the great things about the VA Loan is that it minimizes closing costs for the veteran. Non-allowable fees are one of the
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As a servicemember or veteran, it’s important to have a lender that is an expert in the VA Loan process. The VA Loan process is different than a conventional loan and has different requirements—which is why the VA requires certification of lenders for them to be able to offer VA
VA Loan Eligibility If you’re considering using your VA Loan for a home purchase, you may be wondering if you are eligible. The Department of VA has specific eligibility rules for servicemembers and veterans to be able to use this awesome benefit. Before you start the VA Loan process, it’s
VA Loan Benefits: So, you’ve been told that you should use your VA Loan for your home purchase, but the question is: Why? In this post, we’ll talk about some of the benefits and advantages of using your VA Loan for your home purchase. What are the Benefits of the
Although some veterans and service members know about the VA loan, a surprisingly high percentage of them do not know about this awesome benefit available at arm’s reach. Here at ADPI, our entire existence revolves around educating and preparing veterans to use and understand their VA loan options. What is
You may be wondering if it’s possible to buy a second home with a VA Loan. If you’re looking to use it as an investment property or vacation home—the answer is no. This is because the VA requires borrowers to occupy the home to qualify for a VA loan. But
Understanding the VA Construction Loan Are you frustrated with the inventory of homes currently available on the market? Are you wishing you could put your custom touch instead of buying someone else’s style? This is where the VA Construction Loan can help! The VA Construction Loan gives borrowers the option