Marine Veteran Gets Home Loan Paid Off
In Jacksonville, N.C., a Marine couple learned that Veterans United Home Loans fully repaid their new house on national television. While serving in the Marine Corps, Mario and Amy Perez deployed numerous times and worked hard towards serving their nation.
11 Veterans Receive Homes Donated by Veterans United
The country's biggest Department of Veterans Affairs (VA) home lender, Veterans United Home Loans gave away 11 homes to 11 veterans this Veterans Day to thank veterans.
Operation Protect Veterans Created to Warn of Scams
The United States Postal Inspection Service and the AARP Fraud Watch Network have teamed up to launch Operation Protect Veterans, a public awareness campaign warning veterans about scams. The program will provide veterans with vital information to help them protect themselves.
How Artificial Intelligence Is Helping Veterans Become First Time Homebuyers
According to recent statistics, the number of homeless veterans in the United States has increased by about 4% as of 2020, which has unfortunately exacerbated an already troubling situation. The government the Department of Veterans Affairs (VA) has come up with accommodating plans to assist veterans in becoming homeowners, however, the problem remains.
Troops Who Refuse COVID-19 Vaccine Could Lose Benefits
Members of the military who refuse vaccination against the COVID-19 virus may lose their eligibility for veterans' benefits, the Department of Defense (DOD) recently announced.
Government-Backed Loans Just Can't Compete
The government provides home buyers with reduced down payment requirements and assists them in purchasing a home. Since such loans often come with several additional requirements, this could potentially slow down the application process for some or put them at a disadvantage in a competitive environment.
Time to Refinance is Now, Mortgage Rates Rise
As of Nov. 2, interest rates for 15-year and 30-year fixed mortgages have dropped slightly as compared to the same time last week. Interest rates on 5/1 mortgages have also witnessed a slight drop compared to the previous week. Many sources suggest this drop has been the lowest throughout the year, making this a perfect time to get a home loan.
Mortgage Lenders Raise Limits for Government-Backed Loans
Each year in November, the Federal Housing Finance Agency (FHFA) announces new conforming lending limits that will be in effect for the upcoming year, giving prospective home buyers a reference on how much they can borrow in a conventional loan.
American Home Purchasing Power Forecasted to Shrink
Home sales in the United States decreased in August as supply remained tight, but there is evidence that the spike in house prices and COVID-19 pandemic-fueled demand has likely peaked.
VA Adapts Home Loans to Current Real Estate Market
To help service members purchase their dream house during the pandemic era, the Department of Veterans Affairs (VA) has made certain adjustments to the VA home loan program to streamline the application procedure and eligibility criteria.
Construction Prices Rise, Number of New Home Applications Fall
According to the Mortgage Bankers Association’s (MBA’s) Builder Application Survey (BAS), the number of mortgages for newly constructed homes plunged 16.2% from September 2020.
Home Loan Deferment Extended by VA
The Department of Veterans Affairs (VA) recently announced it would allow homeowners to request a VA home loan deferment for an additional year.