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VA Loan Information
The more you know about the VA home loan program, the more you will realize how little "red tape" there
really is in using this veteran benefit.
Find out how easy it is to get started.
-- VA Pamphlet 26-4
The main purpose of the VA home loan program is to help veterans finance the purchase of homes
with favorable loan terms and at a rate of interest which is competitive with the rate charged
on other type of mortgage loans. This pamphlet should help you to understand what the
Department of Veterans Affairs
can and cannot do for the veteran home purchaser.
-- VA Pamphlet 26-6
This pamphlet is designed to help veterans planning to purchase or construct homes, particularly
those veterans who intend to finance with a
VA construction loan.
It does not try to discuss the arguments
for or against homeownership. It is up to each veteran to decide whether homeownership is
best for his or her family.
-- VA Pamphlet 26-71-01
The questions and answers included in this pamphlet about this
VA benefit are intended to cover major items of
interest to veterans interested in buying a manufactured (mobile) home with a VA mortgage.
-- VA Pamphlet 26-93-1
VA direct home loans are available to eligible Native American veterans who wish to purchase
or construct a home on trust lands with a VA mortgage.
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage
companies to eligible veterans for the purchase of a home which must be for their own personal
occupancy. To to use this VA benefit, a veteran must apply to a lender.
FREQUENTLY ASKED QUESTION # 21 [ -more VA Loan questions- ]
- - - - - -
Q: The VA Loan for Home Equity Refinancing - Can I refinance with the VA?
A: " If you own a home and are considering refinancing, VA refinancing may be just what you need. Under the terms of VA refinancing, your current real estate debt is paid out of the proceeds of a new VA mortgage. The requirements? The same borrower must use the same property as before. This type of refinancing is also known as a 'Cash Out"" refinance, and is only good for homes that are used as the owner's residence.
Refinancing is available for up to 90% of the appraised value plus all closing costs in many cases. Your home must have enough equity to cover the loan. These terms may not be available in all states, depending on local lending laws. Check with your local VA rep to learn more."
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VALoans.com is a private company specializing in VA financing and is
not a government agency.
Remember, the VA does not make home loans. They insure the loans that we can assist you in getting.
Let us help you get a VA insured mortgage loan at the lowest possible rates.
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