VA Loan Entitlement: Everything You Need to Know
One of the major benefits of your service in the military is acquiring a VA home loan guaranteed by the U.S Department of Veterans Affairs. What’s more, is that you possess more buying power in 2022 compared to previous years. When the VA program started, only returning Veterans and those on active duty were qualified […]
Whats Is a VA Loan Statement of Service?
When applying for a VA home loan, the statement of service letter is one of the essential documents you need to possess. It provides lenders with the required details about your military service status and also enables your income verification. If you do not have the VA loan statement of service letter, you will not […]
FHA vs VA Loan: What’s the Difference and Which One Is Right For You?
Nowadays, various types of mortgages are available when you decide to buy a home. However, the more options you get, the more difficult it can be to choose the right one. Each mortgage option comes with different terms, advantages, and disadvantages, depending on the type of property you want to purchase and your credit history. […]
VA Loan Program
How many VA loans can you have? If this is what you are thinking, then you are in the right place. Getting a VA home loan program is an ideal option for veterans to make their dream come true and settle into beautiful homes with their families. Since these are primarily designed for veterans, you […]
Utilize a VA loan to build a house with a 1 time close construction loan is a great idea
Experienced, Proficient VA Construction Loan Experts Supporting Veterans Security America Mortgage is an experienced and proficient VA construction loan vendor that takes pride in helping veterans build and buy their dream homes. We thank veterans for their service and offer competitive interest rates on VA loans in Florida. VA loans in Florida are guaranteed by […]
You Should Know How Many VA Loans Can You Have
How many VA loans can you have? If this is what you are thinking, then you are in the right place. Getting a VA loan is an ideal option for veterans to make their dream come true and settle into a beautiful home with their families. Since these are primarily designed for veterans, you can […]
Can You Buy Land With a VA Loan
No, you cannot use a VA jumbo loan to purchase vacant land. VA home loans are only available for buying existing homes, and the VA handbook forbids the use of VA loans to buy “unimproved land with the intent to improve it in the future”. That means you cannot use a VA loan if you […]
VA Appraisal Checklist
What is a VA Appraisal? VA appraisal is a process that helps lenders determine a home’s value. Note that VA appraisals are different from conventional appraisals. The costs of the appraiser vary by state and appraisers have a responsibility to ensure that your property meets the Minimum Property Requirements specified by the U.S Department of […]
VA Loans and Title Restrictions
At Security America Mortgage, we adhere to strict editorial integrity, take a look to learn more. Title restrictions are entries on a title deed that prevents the sale or transfer of a property in some way. They can be conditional based on specific occurrences or they can be absolute. They are most often encountered in […]
How Student Loans Impact VA Home Loan Chances
VA Mortgage & Student Loans At Security America Mortgage, we adhere to strict editorial integrity, take a look to learn more. Your debt-to-income ratio is an important factor in your home loan application, whether you are applying for a VA loan or another type of loan. The debt-to-income ratio looks at how much money you […]