Home Loans for Active Duty Military
Video
How much VA loan can you qualify for? What is the difference between qualification and eligibility for a VA loan? Learn the difference between VA loan qualification vs eligibility..
If you’re eligible for the VA loan guarantee, wonderful.
Now we need to qualify you for how much you can go get.
This is where if you’ve heard debt-to-income ratio, that is where you take your total monthly debts and divide it by your monthly income. You need to make sure that those ratios are in really good shape. So, that’s what we really mean by qualifying for a loan.
Now, we have some other good videos that help break down and explain how that qualification part works and how that works specifically if you’re utilizing a VA home loan guarantee.
But know that the difference between eligibility and qualification, the eligibility is just yes or no, can I get that VA loan guarantee, and qualification really means do I have the income and ability to go get the loan, period.
VideoAdding a new dependent can impact your VA loan, and it's not always in the way you'd expect. Whether you're in the middle of house hunting or planning your next move, understanding how your growing family fits into the VA loan puzzle is critical to keeping your homeownership goals on track.
VideoIf you've been in the military, there is a good chance that you're eligible for a VA loan. The best way to find out your VA loan eligibility is by getting your Certificate of Eligibility from the Department of Veteran's Affairs.
VideoActive Duty Military - this is the only thing you need to know about VA loan mandatory occupancy.
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