A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans, or mortgage companies) to veterans, active military personnel, and.
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VA home loan seminar that clarifies the VA home loan benefit held in Killeen – The way we start the presentation is essentially anything you’ve heard about the home loan, erase it and come in with a clean slate,” Cano said. The VA Home Benefit Seminar is sponsored by Aligned.
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VA Loan s for Veterans . The VA Loan is a home-mortgage option available to United States Veterans, Service Members and not remarried spouses. VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).
Most VA lenders will allow a cash-out loan amount up to 90 percent of the appraised value (up to 80 percent in Texas). For example, a borrower has a loan amount of $100,000 and wants to refinance to a.
Two points for borrowers to take away: First, the land and the home are a package deal if VA is expected to play any part in the loan. Veterans may have other options for land-only purchases depending.