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Va Loans

What Brexit May Mean for VA Loan Interest Rates

Chris Birk | Posted 06.29.2016 | Business
Chris Birk

Economic shockwaves have sent rates even further south, as investors are turning to the comparative security of mortgage bonds. Some economists and industry insiders are using the word "historic" to describe how low mortgage rates might go before there's a course correction.

Historic VA Benefit Program Backs 22 Millionth Loan

Chris Birk | Posted 05.25.2016 | Business
Chris Birk

The historic VA loan program hit a major milestone this month, backing its 22 millionth home loan, according to the Department of Veterans Affairs. T...

2015: A Record-Breaking Year for VA Home Loans

Chris Birk | Posted 03.03.2016 | Business
Chris Birk

Veterans and military homebuyers propelled the historic VA loan program to a record year in 2015, according to recently released figures. The Departm...

Reviewing 70 Years of the VA Mortgage Program

Chris Birk | Posted 08.11.2014 | Business
Chris Birk

Let's take a look back at how the VA mortgage program has helped millions of veterans over the past seven decades.

VA Releases Interim Rule On Qualified Mortgages

Chris Birk | Posted 07.15.2014 | Business
Chris Birk

Under the interim rule, all purchase and refinance loans that receive a VA guaranty would be classified as safe harbor Qualified Mortgages, except for certain VA Streamline refinance loans.

Call It a Comeback: Rising Rates Spurs New Look at Adjustable-Rate Mortgages

Chris Birk | Posted 05.03.2014 | Business
Chris Birk

As long as you are dedicated to planning and sticking with a strategy, an adjustable-rate mortgage can be a huge benefit for veterans and military families seeking homeownership.

What the New Qualified Mortgage (QM) Regulations Mean for VA Loans

Chris Birk | Posted 03.10.2014 | Money
Chris Birk

Service members, veterans and military families across the country are starting to worry about how these changes and how this new classification of mortgages might impact their ability to use their VA home loan benefits. Here's the good news: You have nothing to worry about.

VA Loan Program Backs All-Time Record 630,000 Mortgages

Chris Birk | Posted 01.23.2014 | Business
Chris Birk

We ask so much of those who serve our country, and the unique nature of their service and sacrifice can breed financial difficulties. This government-backed mortgage program continues to help level the playing field for those who volunteer to defend our freedom and the American Dream.

Note to Home Sellers: Leaving Out VA Borrowers Is Your Loss

Chris Birk | Posted 08.04.2013 | Business
Chris Birk

Lingering misconceptions often keep sellers and agents alike from giving military homebuyers a fair shake.

Memorial Day: Vets Get Mortgage Deal

Terry Savage | Posted 07.26.2013 | Impact
Terry Savage

The Memorial Day holiday is a time to remember and thank our currently serving military and those who served their country in the past. It's also a time to remember that veterans get a very special deal on mortgages through the VA loan program.

VA Loan Program Passes 20 Million Mark

Chris Birk | Posted 02.12.2013 | Business
Chris Birk

Congress created the VA loan program in 1944 as part of the massive GI Bill. The government basically insures a portion of each loan, and that security help spur the country's post-war housing boom. Today, VA loans are more popular than ever.

Veterans Omnibus Bill Contains Key Changes to VA Loan Program

Chris Birk | Posted 10.02.2012 | Politics
Chris Birk

A veterans omnibus bill now on its way to the president's desk contains some key changes and updates that will extend housing benefits to more surviving spouses and allow military dependents to fulfill the loan program's occupancy requirements.

Are Conventional Mortgages Drying Up in Minority Communities?

Chris Birk | Posted 09.29.2012 | Business
Chris Birk

A new report from seven housing and policy agencies suggests evidence of a two-tiered mortgage market in which borrowers and communities of color are increasingly cut off from prime conventional financing.

VA Loans Have a Huge Year, Remain Safest Lending Option on the Market

Chris Birk | Posted 04.02.2012 | Business
Chris Birk

Military borrowers continue to flock to the safety, security and unmatched buying power of VA loans in the wake of the subprime mortgage meltdown and ensuing credit crunch.

Bill Would Boost Access to VA Loan Program for Surviving Military Spouses

Chris Birk | Posted 12.19.2011 | Business
Chris Birk

Thousands of surviving spouses currently ineligible for VA home loan benefits would gain access to the program if a U.S. House bill passed Wednesday b...

Mortgage Groups Push Senate Leaders to Extend Loan Limits

Chris Birk | Posted 11.09.2011 | Business
Chris Birk

Mortgage and real estate trade groups are pressing Senate leaders to take action on a bill that would extend the maximum mortgage loan limits through ...

Time Winding Down for Service Members To Use $8,000 Tax Credit

Chris Birk | Posted 05.25.2011 | Politics
Chris Birk

The $8,000 tax credit program for first-time home buyers helped prop up the sagging real estate market in 2010. And there's still one group who can still capitalize on the opportunity.

VA Borrowers Facing Foreclosure to Get Cash Relocation Assistance

Chris Birk | Posted 05.25.2011 | Business
Chris Birk

Veterans who lose their homes to a short sale or a deed-in-lieu of foreclosure can now receive up to $1,500 in relocation assistance.

Veterans Face Tougher Lending Environment in 2011

Chris Birk | Posted 05.25.2011 | Business
Chris Birk

VA loans have thrived in the face of foreclosure. But they haven't been immune to the overall tightening that has recently reshaped the lending industry.