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What is mortgage insurance and how does it work?

Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get. None Typically, borrowers making a down payment of less than ...

My spouse and I are both servicemembers or veterans and are eligible for VA home loans. Can we use one of our loans to purchase a vacation home or a rental investment property?

No, you can't. VA loans are only for a primary residence. None If two servicemembers each have a certificate of eligibility, a home you buy together still has to be one that you will use as your primary residence. That ...

What is a VA loan?

The Department of Veterans Affairs (VA) offers loan programs to help servicemembers, veterans, and their families buy homes. The VA sets the rules for loan qualification, arranges the terms under which mortgages may be offered, and guarantees any loan ...

My spouse was killed on active duty service in combat and I am considering moving to be closer to my family. Will I be eligible for a VA loan if I buy a home in my hometown?

Yes, as a surviving spouse you may qualify for a VA-guaranteed loan. To get more information about your eligibility, go to the VA’s home loan website. In addition, if you currently own a home that you will need to sell ...