VA Loan Eligibility Requirements Our military servicemembers and veterans deserve to get the VA loans they need so they can buy or build their own homes, repair or upgrade their current homes, or refinance their mortgages. Check over the requirements below to learn who is eligible for a VA loan. Low VA Rates will do […]
In this article we are going to talk about building a home with a VA loan. Here at Low VA Rates we often get the question, can you use a va loan to build a house? Lets take a closer look how to use your VA home loan benefits to build that home you’ve been […]
Should I lock my mortgage rate today? It’s a difficult question, and unfortunately, there is no simple answer. Interest rates have been going up. It happened multiple times last year and has happened a few times this year as well. Most economists think mortgage rates are going to be raised at least two more times […]
When most people think about home improvement loans they usually think it’s an FHA or some other type of rehab loan. But the truth is, there is a VA home improvement loan. We’ve been getting a lot of calls requesting information on this. The VA home improvement loan allows you to complete the projects you’ve […]
In this post, we’re going to go over 5 steps to get mortgage ready for a VA loan. These work for both purchase loans and a cash-out refinances, and hopefully these preparatory steps can help save you time and money. That’s what we’re all about here at Low VA Rates. To help and benefit veterans […]
If you’re a veteran looking for a mortgage, you can save a lot of money by using your VA home loan benefits. To help you understand the advantages of a VA mortgage as well as how to qualify, we’re answering questions some of our social media followers have recently submitted. Let’s go over five things […]
In this post, we are going to be highlighting the main points found in the VA Amendatory Clause, which is also called the VA loan escape clause. If you want to sift through the legal jargon or want more details, this can be found in 38 U.S.C. 501, 3703 (c)(1). The VA Amendatory Clause reinforces […]
The VA condo approval process can sometimes be a little tricky. The Department of Veterans Affairs (VA) exists to make sure veterans buy properties that are safe, sound, and sanitary. If you’re a veteran looking for VA-approved condos, take a look with us at some of the information items that the VA has to evaluate. […]
Taking advantage of 15 year mortgage rates and reducing your loan term can save you big time. We’re going to talk about the best ways to win big on your mortgage. How do you do it? Well, here are 3 ingredients for a recipe of success: Lower your interest rate Shorten your term Make extra […]
Here we’ve compiled a list of the top five reasons you should be using your VA home loan benefits. As a veteran, these benefits are very useful and will save you money. In no particular order, let’s list the ways that these will help you. No Down Payment Right now is a great time to […]
Here at Low VA Rates we seek to educate our borrowers about the VA loan process, we get a lot of questions about closing costs, particularly when it comes to rolling closing costs into the loan balance. Many of our customers ask, “can closing costs be rolled Into a VA Loan?” It’s clear to us […]
Purchasing a home can sometimes be a long process involving a lot of paperwork and going over fine details, but when you hear the words “clear to close,” you know you’re in the home stretch. But what is a clear to close? A clear to close, sometimes referred to as a CTC, is the underwriter’s […]