VA Loan News
100% Home Loans
VA Streamline Refinance
Current VA Mortgage Rates
VA Loan Qualifications
Cash Refinancing with VA
VA Loan Support
VA Mortgage Lenders
VA Loan News
- Difference between VA Loan Limit and VA Loan Guarantee
The VA Maximum Loan Guarantee is how lenders are protected in case the borrower defaults on the mortgage loan. It is what allows eligible active-service military, surviving unmarried spouses of deceased veterans, reservists and veterans to purchase a home with no money down and competitive interest rates. Because the increased VA loan limit directly affects the loan guarantee and the down payment requirement, we're explaining the difference between these terms.
- New VA Loan Limits
On October 10th, 2008, the President signed Public Law 110-389, the Veterans' Benefit Improvement Act of 2008. This law allows for $0 down payment loans in qualified counties to go up to $729,750 on loans closed through December 31, 2011.
- VA Temporary Raise in Maximum Guaranty Expiring Soon
On July 30, 2008, the President signed Public Law 110-289, the Housing and Economic Recovery Act of 2008. Section 2201 of the Act provides a temporary increase in VA's maximum guaranty amount through December 31, 2008.
- VA Home Loans for First Time Home Buyers
There are no VA loan products specifically for first time home buyers, but it is still a viable option because a first time home buyer is able to get an affordable, fixed-rate home loan with little to no down payment. Credit underwriting for these loans is also much less stringent than that of conventional loans, especially now with credit markets being as paralyzed as they are.
- VA Streamline Refinance
Do you have an VA adjustable rate mortgage (ARM) or hybrid ARM? If so, you could save a lot of money on interest with a VA Streamline Refinance loan, also known as a Interest Rate Reduction Refinancing Loan (IRRRL), Streamline or VA to VA loan. VA Streamline Refinance loans are rate-and-term loans for those who currently have VA loans.
- VA Energy Efficient Mortgage (EEM) Program
Did you know that you can save money by making your home energy-efficient? The Energy Efficient Mortgage (EEM) program allows borrowers to upgrade the energy efficiency of their homes and to finance the cost of the upgrades.