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Guide to VA Home Loans

Maximum VA & Conforming Loan Limits Increased for 2020

Posted in Guide to VA Home LoansPosted by Maple Tree FundingWhiteboard with rising graph is isolated on white background.

The Federal Housing Finance Agency has announced that conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2020 will increase by almost 5.5 percent. Throughout the majority of the U.S., the 2020 maximum conforming loan limit for one-unit properties will be $510,400, an increase from $484,350 in 2019.  New for 2020, the Veterans Administration has announced that there will be no limit for VA loans. This will go into effect on…

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Why You Should Have a New York VA Mortgage If You Are an Eligible Veteran

Posted in Guide to VA Home LoansPosted by Shane LatzaAmerican Flag on Veteran's Uniform

When it comes to securing a mortgage, there are many loan products available. In some cases, homebuyers are eligible for a number of loan types, giving them a few options to choose from when it comes to financing a new home. Unfortunately, when it comes to VA loans, many qualified veterans do not find out they were eligible until they’ve already committed to another type of home loan. Choosing a Home Loan Product – Are You…

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NY VA Home Loans: Veteran Home Mortgages and Certificate of Eligibility

Posted in Guide to VA Home LoansPosted by Shane LatzaAmerican flag flying in the wind

In July of 1930, through an executive order by Herbert Hoover, the Veterans Administration was created. The federal government guarantees VA-guaranteed loans through the Veterans Benefits Administration. What Are VA Loans? The main purpose of the Veteran Affairs in guaranteeing loans is to help meet the housing needs of eligible veterans who have served or are currently on active duty in the US Armed forces: Army Navy Air Force Marine Corps Coast Guard Reserves National…

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VA Interest Rate Reduction Refinance Loans & VA Mortgage Refinancing Options

Posted in Guide to VA Home LoansPosted by Shane Latzaveteran in uniform holding American flag

Are you a veteran and own a home? Have you thought about refinancing your VA mortgage? There is a home refinance option available through the VA that could potentially save you hundreds or thousands of dollars a year. It can help you save on your monthly payment by obtaining a lower interest rate, as well as help you reduce the overall interest paid during the life of your loan. And, depending upon your current mortgage…

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How To Determine VA Mortgage Loan Eligibility

Posted in Guide to VA Home LoansPosted by Shane LatzaUS Veteran Qualified for a VA Home Loan Through Maple Tree Funding

Many veterans are eligible for VA mortgages which usually have more favorable terms than conventional mortgages, as the Dept. of Veterans Affairs (VA) guarantees a portion of the loans. Determining eligibility early in the search for a new home will help you better determine how much home you can afford, as you’ll be able to take advantage of specific home loan programs not available to the general public. VA Mortgage Eligibility Requirements To determine eligibility,…

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