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What will you learn here?

EVERYTHING you need to know

You will know more about the VA Loan than 95% of Loan Officers.

What exactly is a VA Loan?

Just to jump right in, a VA Loan is a 25% guarantee to the lender. Essentially all a VA Loan is, is an insurance policy. This is why it has favorable terms and no down payment requirement.

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Who can use the VA Loan?

If you served in the military for the right amount of time, which is usually 2 years or 90 days deployed, you are eligible for a VA Loan. However, you will have to click the link below to get the full story because there is a lot to unpack on this topic.

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How much can you borrow?

As much as you can financially qualify for is the simple answer. However, there is a lot more to this topic as well, so click the link below and we can go into detail on this topic.

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Our team

Our team is made up of the most experienced and passionate veteran VA Loan originators in the country.

VA Loan Stats

Number of veterans

17,431,290

Number of VA Loans

4,357,823

Veteran VA Loan %

25%

% Who were asked if they served

40%

VA Loan Basics

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Ask anything about VA Loans!

VA Questions From Veterans

Veterans all over the country have questions too. Here are the most recent.

December 20, 2024

I saw an answer somewhere saying you need to first live in a house you bought with a VA loan yourself before you can rent it out, but what if you just find roommates to help make payments? Is there a difference?

When you purchase a home with a VA loan, you are required to certify that you will occupy the property as your primary residence. This means you need to live in the home. However, having roommates can be a practical way to help with mortgage payments, and this is generally acceptable under VA loan guidelines, provided you continue to live in the home as your primary residence. The key distinction is that you cannot use a VA loan to purchase a property solely as an investment with the intention of renting out the entire property right away. However, having roommates can be a viable way to make homeownership more affordable while still adhering to the occupancy requirement. If you have more specific questions about your situation, it might be a good idea to speak with a loan officer. Patton Gade can assist you with this; you can reach him at 623-866-3974 or via email at pgade@umortgage.com.

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Anonymous Veteran

3 days ago

December 11, 2024

Buy second home with va loan. It will be our new primary residence with out previous home being an investment property.

Yes, you can use a VA loan to buy a second home if it will be your new primary residence. The VA loan benefit is intended for purchasing or refinancing a primary residence, so as long as you plan to move into the new home and make it your primary residence, you can use your VA loan entitlement for this purpose. Here are some key points to consider: 1. **Occupancy Requirement:** The VA requires you to certify that you intend to occupy the house as your primary residence. Typically, you should move in within 60 days of closing, though there can be exceptions for active duty service members. 2. **Full Entitlement:** Ensure that you have enough VA loan entitlement remaining to purchase the new home. If your previous home was financed with a VA loan, you may need to restore your entitlement, potentially by selling the previous home or refinancing it into a conventional loan. 3. **Investment Property:** Your previous home can indeed become an investment property. Rental income from this property might even be considered by some lenders when determining your qualification for the new VA loan. If you have additional questions or need specific guidance, it might be beneficial to speak with a VA loan specialist. I recommend reaching out to Patton Gade, a professional loan officer, for personalized assistance. You can contact him at 623-866-3974 or via email at pgade@umortgage.com.

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Anonymous Veteran

12 days ago

November 18, 2024

What is a VA Loan?

A VA Loan is a mortgage loan program established by the United States Department of Veterans Affairs to help veterans, active-duty service members, and certain members of the National Guard and Reserves secure home financing. This program is designed to provide favorable terms to those who have served our country and generally offers several advantages, including: 1. **No Down Payment**: Eligible borrowers can purchase a home without having to make a down payment, which can significantly reduce the upfront costs of buying a home. 2. **No Private Mortgage Insurance (PMI)**: Unlike conventional loans, VA loans do not require private mortgage insurance, which can lead to significant savings over the life of the loan. 3. **Competitive Interest Rates**: VA loans typically offer lower interest rates compared to conventional loans, making them a cost-effective option for veterans and service members. 4. **Flexible Credit Requirements**: The VA loan program often has more lenient credit requirements, making it easier for those with less-than-perfect credit to qualify. 5. **Limited Closing Costs**: The VA regulates the amount of closing costs veterans can be charged and allows sellers to pay some of the fees, further reducing the cost of purchasing a home. 6. **Lifetime Benefit**: Eligible veterans can use their VA loan benefit multiple times throughout their life, as long as they pay off the loan each time. If you are interested in exploring a VA Loan further or determining your eligibility, it is highly recommended to speak with a qualified loan officer. You can reach Patton Gade at 623-866-3974 or via email at pgade@umortgage.com for personalized assistance.

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Anonymous Veteran

a month ago

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