VA Approved Lender USAVA | NMLS ID 966439 | MB 0921703
May
29 2017

VA Home Loans – Am I Eligible?

VA Home Loans – Am I Eligible?
Kacey M. Isley  |   May 26, 2017

VA home loans have multiple benefits for retired and active U.S. military, but the pressing question is: who is eligible? Here’s what you’ll need …

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May
04 2017

VA Loans Remain Steady in an Unpredictable Year for Mortgages

VA Loans Remain Steady in an Unpredictable Year for Mortgages
Kacey M. Isley  |   May 4, 2017

VA home loan program has its best year thus far: 2016.
 

 
The mortgage industry is in for an …

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Apr
20 2017

Majority of Veterans Leave VA Benefits Unclaimed

Majority of Veterans Leave VA Benefits Unclaimed
Kacey M. Isley  |   April 19, 2017  |  USAVA

U.S. veterans, especially Post-9/11 Wounded Warriors, have left millions
of dollars worth of benefits unclaimed.
www.usava.com 

 
The Servicemen’s Readjustment …

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Apr
05 2017

Tappable Equity Hits $4.7 Trillion for American Homeowners

Tappable Equity Hits $4.7 Trillion for American Homeowners
Kacey M. Isley  |   April 5, 2017

   As the price tag on American homes increase, so does the available equity that homeowners can tap into for cash-out refinancing.

 

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Feb
03 2017

Adjustable vs. Fixed Rate Mortgages: What is the Right Answer?

When deciding on a loan program, one of the first questions is always, “What loan program is right for me?” Here at USAVA Lending, we make sure our clients are always informed on their mortgage options and what may work …

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Nov
10 2016

Honoring Katie Araiza from USAVA on Veterans Day 2016

Veteran’s Day is a national holiday to honor and pay tribute to the men and women of our United States Military. Their courage and sacrifice protect the freedoms we enjoy every day and uphold the values of our great …

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Oct
26 2016

U.S. Air Force: Fly-Fight-Win

 

The U.S. Air Force (USAF) is the aerial warfare service branch of the United States Armed Forces and one of the seven American uniformed services. Initially, it was part of the United States Army but was formed as …

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Oct
26 2016

U.S. Navy : Honor, Courage, Commitment.

The U.S. Navy (USN) is the naval warfare service and seaborne branch of the United States Armed Forces and one of the seven uniformed services of the United States. The Department of the Navy is a division of the Department …

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Oct
08 2016

VA Loans: Lowest rate in the market for 27 straight months

Mortgage rates were predicted to reach close to 5% this year but favorable economic conditions have kept the rates low. With that being said, VA mortgage rates have consistently remained the lowest rate in the market compared to conventional mortgage …

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Sep
09 2016

Top cities for veterans after discharge

A veteran is a person who served in the active military, naval, or air service, and who was discharged or released therefrom under conditions other than dishonorable as discussed in United States Code 38. Once a veteran is discharged, …

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Aug
24 2016

U.S. Marine Corps: The Few. The Proud.

The U.S. Marine Corps (USMC) is a branch of the United States Armed Forces responsible for providing power projection. The Marine Corps has been a part of the U.S. Department of the Navy since 30 June 1834. It works closely with naval …

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Aug
18 2016

U.S. Army: history and service requirements

The U.S. Army originated from The Continental Army  on 14 June 1775. The Continental Congress created it as a unified army for the colonies to fight Great Britain. George Washington was appointed as its commander. After the war,  the Continental Army was separated due to distrust …

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Aug
10 2016

Foreclosure inventory drops to pre-recession levels

Foreclosure inventory dropped in June to pre-recession levels, according to data from CoreLogic. CoreLogic is a global property information, analytics and data-enabled solutions provider.
The national foreclosure inventory for June included about 375,000 homes. This accounts for approximately 1 percent of all homes …

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Jun
22 2016

Minimum Property Requirements for appraisal

Appraisals ordered by the VA protect both the buyers and lenders. To do so, the VA has standard minimum property requirements that a property must meet to be financed with a VA home loan. Appraisals guarantee the home is worth the selling …

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Jun
16 2016

How credit scores affect military buyers

Military buyers do not need a squeaky clean credit report to qualify for VA financing. The purpose of the VA home loan program is to help as many military buyers as possible with a practical buying process.
First, the Department of Veterans Affairs (VA) does not …

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Jun
01 2016

VA Basics: Refinance Rules

The VA Loan program gives eligible veterans and their families access to refinancing options that either lower monthly mortgage costs or take cash out of a home’s equity.
There are two options available for VA borrowers to refinance their homes: the VA Streamline Refinance, also known …

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May
24 2016

VA Basics: VA Appraisal process

A VA appraisal is part of the VA home loan process and an evaluation of a home to be bought using the loan. An appraisal is not optional and may have a big impact on the buying process.
USAVA will …

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May
10 2016

VA Basics: Loan Limits

Loan limits are set amounts a qualified Veteran with full entitlement may borrow without a down payment. The U.S. Department of Veteran Affairs (VA) does have a set limited liability amount which affects the amount of money it lends per person. This …

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Apr
21 2016

VA Basics: COE Explained

In order to take advantage of the many benefits of a VA  home loan, eligibility must be proven by the applicant(s). Applying for a Certificate of Eligibility (COE) is not necessary to start the VA loan process but it is …

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Mar
15 2016

5 considerations when choosing a VA loan

USAVA is committed to helping active duty military and veterans make the best loan choices possible. Here are 5 considerations to help you navigate the VA Loan process to get the most for your dollar.
1. Documents required

The …

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Mar
04 2016

IRRRL option available for veterans

If you already have a VA home loan and are in search of a reduced interest rate, changing the length of your loan or for a fixed rate mortgage, an Interest Rate Reduction Refinance Loan (IRRRL) may be the right fit …

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Feb
10 2016

Purchase a home with no money down!

Active duty service members know all too well that deployments can make it challenging to build credit and put money away in the bank. The same is true for many Veterans who are working hard to save money to keep …

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Feb
08 2016

Rent requirements for the VA

Veterans who have purchased a home using a VA home loan may not rent the home out. However, there is another option for veterans who wish to have investment properties.
A VA borrower cannot rent out the property because of the primary …

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Jan
19 2016

Co-signers for VA loans

To qualify for a VA home loan, at least one borrower must meet the VA loan requirements.
If you are an eligible veteran and find yourself needing a co-signer, eligible co-signers may include:

a legally married spouse
an unmarried …

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Jan
07 2016

Credit scores and the approval process

 
High credit scores are not a set requirement for the veterans looking to use a VA home loan. However, lenders use credit scores to help determine loan eligibility and the interest rate charged. Credit scores are not sole indicators …

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Dec
22 2015

Funding fee: who pays what?

The VA home loan program allows military families to purchase a home without a down payment. However, any military member using the VA Home Loan Guaranty, must pay a funding fee.
The VA funding fee is a percentage of the …

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Dec
14 2015

VA Appraisal success

A VA appraisal is part of the VA home loan process and an evaluation of a home to be bought using the loan. An appraisal is not optional and may have a big impact on the buying process.
USAVA …

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Dec
08 2015

Discharge upgrades help veterans qualify

When a military member leaves the service, the discharge is classified. The most common classifications are Honorable and Dishonorable.
Veterans may still be eligible for a VA home loan, even if the discharge is not an honorable one. According to …

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