VA Loan vs Conventional Loan for 15 year mortgage

How would a VA loan stack against a conventional loan for a 15 year mortgage?

The VA Mandatory Funding Fee

The VA mandatory funding fee is an important factor to consider with the VA loan since it can be a significant cost. This fee is what keeps the VA running, so that you can get benefits like no private mortgage insurance and the ability to put 0% down. If you have 10% or greater disability you can get this fee waived.

What is the Assumption Gap?

What is the VA Loan Assumption Gap? Avoid a common pitfall of assuming a VA Loan by avoiding a large assumption gap.

Who Qualifies for Assumable Loans?

Are you wondering who qualifies for assumable VA loans? In this video, we decode the mystery surrounding assumable loans and provide you with the essential facts you need to know. Learn all about the eligibility criteria, application process, and benefits of assumable VA loans. Don’t miss out on this valuable information!

VA Loan Crash Course

Almost all you need to know about the VA loan in a 15-minute speed course. We’ll talk about the most common VA loan questions, who qualifies, and how to win your dream home using the VA loan.

An Update to County Loan Limits in 2024

County loan limits have been updated to $766,550. In some high cost of living areas, this has been increased even higher up to $1,149,000.

Can National Guard Use the VA Loan?

A lot of national guard members might assume that they can’t use a VA loan since they aren’t considered veterans or active duty, but if you meet the minimum requirements, it is certainly possible to utilize the VA loan.

VA Bonus Entitlement

What is VA bonus entitlement? Does that mean that the VA is giving me a bonus?

VA bonus entitlement isn’t exactly a cash bonus, but it allows you to extend your mortgage past a typical loan amount.

If you have full eligibility with a VA loan, you have access to VA bonus entitlement.

Can You Use the VA Loan on Land?

Can you buy land with the VA loan? Yes, you can use a VA loan on land, but it must be done simultaneously with constructing a new home on that land. Discuss this with a lender who gets it to make sure you do this properly.