Guide to VA Home Loans
How to Obtain a DD214 for Military Members Seeking VA Loans
Posted in Guide to VA Home LoansPosted by Maple Tree Funding
VA home loans are some of the best mortgages available for those who are eligible. But for some eligible veterans, proving that eligibility and verifying it with a Certificate of Eligibility (COE) or DD214 form is a challenge, often because they may not know how to go about obtaining the necessary documentation of their military service. Here, we’ll share the details of how to go about getting your DD214 if you do not currently have…
Continue Reading »Maximum VA & Conforming Loan Limits Increased for 2022
Posted in Guide to VA Home LoansPosted by Maple Tree Funding
The Federal Housing Finance Agency has announced that conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2022 will increase by 18.05 percent. Throughout the majority of the U.S., the 2022 maximum conforming loan limit for one-unit properties will be $647,200, an increase from $548,250 in 2021. For 2022, the VA loan limits will once again align with the FHFA conforming loan limits. This means that throughout the majority of the…
Continue Reading »VA Now Offers Home Loan Options for National Guard Service Members
Posted in Guide to VA Home LoansPosted by Maple Tree Funding
A recent update to VA home loan benefits has expanded home loan eligibility to US National Guard service members. Certain members of the Army National Guard and the Air National Guard are now eligible to apply for VA home loan benefits when working towards purchasing a home. Expanded VA Loan Eligibility in 2021 This change to the VA’s eligibility guidelines was brought about by the “Johnny Isakson and David P. Roe, M.D. Veterans Health Care…
Continue Reading »Why You Should Have a New York VA Mortgage If You Are an Eligible Veteran
Posted in Guide to VA Home LoansPosted by Shane Latza
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…
Continue Reading »NY VA Home Loans: Veteran Home Mortgages and Certificate of Eligibility
Posted in Guide to VA Home LoansPosted by Shane Latza
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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