In April 2021, the Veterans Administration has announced an expansion to the VA home loan eligibility for those with National Guard service. This broadens the eligibility for certain members serving in the National Guard. Learn more about the qualifications here. Now, certain National Guard members will have access to the Veterans Administration home loan program
In 2020, the Veterans Administration has recently ended down payments for VA Jumbo loans. Previously, for Jumbo loans, including loans up to $765,000 in designated areas of the US including some in Colorado, the veteran would make a down payment that was a certain percentage of the loan, based on their guarantee available from the
The VA home loan offers some great benefits for the veterans still in the military who have their certificate of eligibility or those just coming out of service, either from deployment or once they completed their active duty. Many of these veterans have no idea that they can qualify for a new home or even
Veteran’s Administration or VA loans offer military veterans advantages in the mortgage process. The first opportunity is that the VA allows a cash-out refinance, meaning they can pull up to 100% of the home’s value. The veteran can use the cash for whatever purpose they choose, whether it’s to combine a 1st and 2nd mortgage,