Credit score requirements vary by lender. However, most lenders have similar criteria. Let's look at the minimum credit score for a VA loan and what lenders typically expect.
Your Certificate of Eligibility (COE) verifies you meet the military service requirements for a VA loan. However, not everyone knows there are multiple ways to obtain your COE – some easier than others.
In this article, we explore the VA loan down payment requirements. In most instances, Veterans do not need a down payment, but in some cases, it's required. Let's take a closer look.
When you're ready to make an offer, typically, the best way to show you're serious is by including earnest money. Below we detail what earnest money is, how to get it back, and what you need to know about contingency agreements.
Purchasing a home with a VA loan is an exciting moment, but there are some limitations with what you can do with the property even after you close. Occupancy requirements are going to be the biggest hurdle for Veteran homebuyers, but that's not to say turning your home into an Airbnb is impossible.
Manufactured and modular homes are an attractive option for many VA borrowers, but must meet minimum property requirements and other guidelines specified by the lender. Some lenders may not be willing to finance these homes.
VA-savvy real estate agents can make a huge difference, even for repeat homebuyers.
Contracts to purchase homes often come with appraisal contingencies. These protect would-be buyers if the VA appraisal determines the home is worth less than what they agreed to pay.
Housing communities and developments with age restrictions have been around for decades. These are often gated developments or retirement communities with clubhouses, pools and other communal facilities, and typically at least one person in the household must be at least 55 years old.