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Guide to VA Home Loans

VA Now Offers Home Loan Options for National Guard Service Members

Posted in Guide to VA Home LoansPosted by Maple Tree FundingFlags of United States National Guard and USA painted on cracked wall

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…

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Maximum VA & Conforming Loan Limits Increased for 2021

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 2021 will increase by almost 7.5 percent. Throughout the majority of the U.S., the 2021 maximum conforming loan limit for one-unit properties will be $548,250, an increase from $510,400 in 2020.  In 2020, the Veterans Administration announced that there would be no limit for VA loans. However, for 2021, the VA loan limits will…

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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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