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A VA Loan for Your New Home
Buying a home is one of the biggest and most important decisions you will ever make.
We understand that and want to make the process as easy as possible. Whether you are a
first-time homebuyer or are experienced with the process, we're here to make your home
buying journey a great one.
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- Use the Debt to Income Ratios to figure out how much you can afford to pay for a home.
- Get pre-approved on your home loan. Knowing that your mortgage loan and credit
report are already approved will let you look for your new home with confidence.
Also, a pre-approval lets the seller know that your offer is solid and that you're
a serious buyer.
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FREQUENTLY ASKED QUESTION # 35 [ -more VA Loan questions- ]
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Q: What If I Die Before Paying Off My VA Loan? - What if I die before paying off my VA loan?
A: Unless mortgage life insurance is purchased, the responsibility of a veteran mortgage passes to the spouse or the veteran's estate in the event of his or her death. There is a continued obligation to make payments, but don't forget the VA's "Leniency Policy" with regard to forbearance for qualified borrowers who fall on temporary hard times. Mortgage life insurance can take care of this issue once and for all, but it is not offered through the VA. You'll need to find a qualified private insurance company to make these arrangements. The terms of such insurance may vary from agency to agency.
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VA Loan Rates
for 5/12/2008
30 year fixed
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0.000 points
6.000%
6.110% APR
15 year fixed
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0.000 points
6.000%
6.190% APR
Life Insurance for Military Members
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- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College
VALoans.com is a private company specializing in VA financing and is
not a government agency.
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Get Started with a
VA Home Loan
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VALoans.com
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