Understanding the 2-1 Buydown: A Guide for Homebuyers
Purchasing a home is a big financial commitment, and mortgage rates are instrumental in how affordable that commitment is. A 2-1 buydown is a way to offset the pain of high interest rates early on, during the first few years of a mortgage. This financing plan enables homebuyers to stagger their payments before acclimating to the full-interest rate […]
VA Loan Statement of Service Guide: What You Should Know in 2025
If you are a veteran, active-duty member of the Armed Services, National Guard member or Reservist, you may qualify for a VA home loan, which is none of the best mortgage options out there. But you’ll have to submit certain documents that prove your military service to qualify. The VA loan Statement of Service  (SOS) is one […]
All You Need to Know About VA Back Pay Over $100K
For many veterans, the road to disability benefits from the Department of Veterans Affairs (VA) can be long and winding. Because it takes time for claims to be processed, veterans who qualify for benefits usually receive back pay lump sum payments equal to the period between their effective date of disability and the date their claim is […]
Joint VA Loan: Everything You Need to Know in 2025
What is a Joint VA Loan? What are Joint VA Loans and who are they intended for? While a standard VA loan is only available to military members and their spouses, a Joint VA Loan allows co-borrowers who may or may not have VA loan eligibility. This type of loan allows numerous borrowers to pool their funds to […]
Debt Consolidation for Veterans: A Path to Financial Freedom
Financial struggles can be common for some veterans as they transition into the civilian world and continue to deal with debt after debt. From credit card bills to personal loans to medical expenses, debt is easy to accumulate, and leading next to make it hard for them to stay afloat financially. Veterans struggling with multiple debts can […]
Can You Buy A Foreclosure With A VA Loan in 2025?
Buying a foreclosed home is an appealing choice for many homebuyers looking for a bargain. It’s not only possible for veterans and active-duty service members to use a VA loan to purchase these properties; it’s also a great benefit unique to military members. However, there’s a lot that goes into going through this process and you should know […]
What is a no score loan through manual underwriting?
Credit scores have traditionally been a go-to metric for measuring a borrower’s creditworthiness across the mortgage lending industry. But not all prospective homeowners have a standard credit history. If you have no credit score it can seem like an impossible task to get a mortgage. Luckily, manual underwriting provides a path for these borrowers. This enables lenders to provide credit […]
VA Homeowners Insurance Requirements Explained in 2025
Lenders require borrowers to get enough homeowners insurance before closing on a VA loan. This policy acts as a form of financial protection against possible harm to the property, allowing for the protection of the value of the home. The insurance needs to be active prior to the closing date of the loan and the lender will […]
If My Father Was a Veteran, Can I Get a VA Loan?
VA loans are one of the best benefits military members and veterans (and eligible service members) can get in terms of  financing a new home (or refinances), as they require no down payment and have great terms. However, a lot of people ask if they are eligible for a VA loan based on the military service […]
What You Need to Know about Clear to Close on VA Loans in 2025
What Does “ Clear to Close ” Mean? Once a borrower receives a ” clear to close ” from the lender, it means they are one step closer to a VA loan. It signifies that the lender has concluded the underwriting review, has verified all necessary documents, and has confirmed that you meet all stipulations to close on […]