Step by Step Guide
Types of Home Loans
- What is a VA Loan?
- What are the VA Loan Limits?
- VA Loan Eligibility
- VA Funding Fee
- Advantages of VA Loans
- VA Loan vs. Conventional and FHA Mortgages
- What are the VA Residual Income Requirements?
- How to Apply for a VA Loan
- VA Loans for Home Purchase
- Types of Properties Eligible for a VA Home Loan?
- VA Loan Refinancing
- Do I need DD214 to know if I am eligible for a VA Loan?
- What are VA Entitlement Codes
- VA Mortgage Purchase Loan Checklist
- VA Funding Fee
- VA Loans Frequently Asked Questions
What is a VA Loan?
A VA Loan is a mortgage loan that is guaranteed by the United States Department of Veteran’s Affairs (VA). It was introduced in 1944 Serviceman’s Readjustment Act or GI Bill (and was later amended). Under the law, as amended, the VA is authorized to guarantee loans made to veterans by lending institutions including us at Lendia. The Veteran’s Administration (VA) does not make VA loans it only guarantees part of the loan. The VA loan program comes with huge advantages and has been instrumental in securing financing for service members.