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A VA Loan for Your New Home
Buying a home is one of the biggest and most important decisions you will ever make.
We understand that and want to make the process as easy as possible. Whether you are a
first-time homebuyer or are experienced with the process, we're here to make your home
buying journey a great one.
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- Use the Debt to Income Ratios to figure out how much you can afford to pay for a home.
- Get pre-approved on your home loan. Knowing that your mortgage loan and credit
report are already approved will let you look for your new home with confidence.
Also, a pre-approval lets the seller know that your offer is solid and that you're
a serious buyer.
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FREQUENTLY ASKED QUESTION # 12 [ -more VA Loan questions- ]
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Q: Are You Eligible for a VA Home Loan Guaranty - How do I get proof of eligibility?
A: It's easy to use an online program called ACE--the Automated Certificate of Eligibility--to get started in the VA loan guaranty process, yet can only have this done by a VA approved lender. Unfortunately, the automated system won't work for everyone. Some people don't have enough information in the ACE database, and are required to fill out a VA Form 22-1880, a Request for Certificate of Eligibility. If this applies to you, simply fill out the form and mail it to your regional Eligibility Center along with supporting paperwork including a copy of the DD214 discharge paperwork. Don't send originals of the DD214, a photocopy will do. The certificate of eligibility process can be tricky for veterans who were separated from the military with a discharge other than honorable. In this case the VA must investigate the discharge to insure it was not classified as dishonorable. People who fall into this category should seek help from their local VA office, especially if you need to file an appeal to the results of your request of eligibility.
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VA Loan Rates
for 12/02/2008
30 year fixed
-----------------
0.000 points
5.500%
5.610% APR
15 year fixed
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0.000 points
6.500%
6.694% APR
Life Insurance for Military Members
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- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College
FHA Refinancing
Refinance
with
an
FHA loan
FHA lenders
provide an effective way to put your home equity to work.
VALoans.com is a private company specializing in VA financing and is
not a government agency.
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Get Started with a
VA Home Loan
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