Archive for June 2022
VA Loan Funding Fee: Who is exempt?
A VA Loan is a benefit for military service provided to eligible veterans, service members, and surviving spouses. The majority of veterans who buy or refinance a home with a VA Loan have to pay a one-time funding fee. This fee is in place to protect the VA Loan program when mortgages default. The amount…Read More
VA Loans: What are they and who can qualify for them?
A VA Loan is a military service benefit provided for eligible veterans, service members, and surviving spouses. VA Loans are backed by Ginnie Mae and they offer many benefits over conventional loans. Some of the advantages are interest rates which are lower by .25%-.5%, no down payment requirement, flexible credit requirements, and no PMI. With…Read More