Posts Tagged ‘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…

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 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…