VA Loans

Yet Another Benefit for California Veterans: CalVet Loans

In earlier articles I discussed the benefits of home ownership using VA loans to veterans nationwide–low-to-no money down & lower closing costs are a few examples. These special loans for veterans can be obtained from a variety of mortgage brokers. With CalVet loans, on the other hand, you need to apply with the California government because it’s a state sponsored program. Additionally, this program is not valid for re-financing veteran’s current homes.

Because it is a veteran’s benefit the state government will make every effort to make the loan available to all veterans. You will be qualified for the loan using the same criteria as other lenders, but because the state is a direct lender and they service the loans they make, they are able to give every veteran extra consideration, and if you qualify for a loan you get the same rate as everyone else. You will not be classified as a higher risk and have an increase in the interest rate. Read more…

How to Use VA Form 26-1880 to Obtain Your COE

Many veterans and active duty military personnel are curious about VA Form 26-1880. They want to know if they need the form to obtain a VA loan. Actually, the purpose of VA Form 26-1880 is to help potential VA borrowers obtain a Certificate of Eligibility (COE). All VA borrowers must have a COE document to show eligibility for VA home loan benefits.

If a COE cannot be obtained quickly by the lender through the VA’s online database, then VA Form 26-1880 must be used (surviving spouses must use VA Form 26-1817). Recently, the VA added an electronic version of the form through its Web LGY system. The fillable VA 26-1880 form can be completed online and submitted directly to the Winston-Salem Office of Eligibility with the click of a mouse. The new electronic COE process cuts out several days en route to the Office via U.S. Mail. Read more…

Advantages of VA Loans – An Overview

Armed service personnel either on active duty or retired or discharged due to physical disability are eligible to get VA loans and their entitlement depends on the service and cadre in the armed services. Certain advantages are available with VA loans which other citizens are not provided, more as recognition of the service provided by the brave soldiers in war time or peace time situations.

The range of benefits available with VA loans is described below for information:

• The major advantage that accrues with VA loans is that 100% finance facility can be obtained and there will be no need for any down payment while buying a home. This is exclusive for armed personnel and this facility available earlier for others, has been withdrawn completely. This means you can enter your home without shelling down a cent, which is truly remarkable. Read more…

What Is a VA Business Loan?

If you are looking at various types of business loans, you’ve probably seen most of them: secure, unsecured, SBA, and others. You may think that you know exactly what you want is one that you may not have considered: the VA business loan. You might be wondering exactly what this is, I know I certainly did! This type of loan is specifically for veterans or those that have served our country.

In short, this organization makes it easier for wartime veterans to get loans for their businesses that they may need. This type of loan is available through the department of Veterans Affairs and much like the SBA, Veterans Affairs does not act as a lender rather through a cooperation with the SBA they act as a facilitator to get veterans the loan you may need for their business. Read more…

VA Loans – Ideal Support For Armed Forces Personnel

VA loans are designed specifically for the US armed forces personnel and are a small tribute to the sacrifices committed by them. It is a token of appreciation for the commendable work done by them. The economic climate is bad with homes available at rock bottom prices. When you combine the benefits offered by VA loans, it makes a killer deal, worth taking by those great soldiers. The benefits of VA loans must be grabbed by the veterans and realize their dream of owning a home permanently.

The best feature of VA loans is that 100% financing can be obtained without any down payment required that makes it so special in this mortgage market. All others are required to bring at least 3.5% down payment for home buying and this special privilege for armed personnel is a gift that can be taken with both hands. They can combine 100% financing with the other benefits for first time home buyers like tax concessions and lower interest rates, which makes the deal even sweeter. Read more…

VA Mortgage Loan – Avoid Payment Hassles To Keep Your Credit Clean

What Is a VA Business Loan?

If you are looking at various types of business loans, you’ve probably seen most of them: secure, unsecured, SBA, and others. You may think that you know exactly what you want is one that you may not have considered: the VA business loan.

You might be wondering exactly what this is, I know I certainly did! This type of loan is specifically for veterans or those that have served our country. In short, this organization makes it easier for wartime veterans to get loans for their businesses that they may need. This type of loan is available through the department of Veterans Affairs and much like the SBA, Veterans Affairs does not act as a lender rather through a cooperation with the SBA they act as a facilitator to get veterans the loan you may need for their business. Read more…

VA Loans – Ideal Support For Armed Forces Personnel

VA loans are designed specifically for the US armed forces personnel and are a small tribute to the sacrifices committed by them. It is a token of appreciation for the commendable work done by them. The economic climate is bad with homes available at rock bottom prices. When you combine the benefits offered by VA loans, it makes a killer deal, worth taking by those great soldiers. The benefits of VA loans must be grabbed by the veterans and realize their dream of owning a home permanently.

The best feature of VA loans is that 100% financing can be obtained without any down payment required that makes it so special in this mortgage market. All others are required to bring at least 3.5% down payment for home buying and this special privilege for armed personnel is a gift that can be taken with both hands. They can combine 100% financing with the other benefits for first time home buyers like tax concessions and lower interest rates, which makes the deal even sweeter. Read more…