For eligible veteran and active duty military borrowers a VA loan is often a better option than a conventional mortgage. This is due to the many distinct advantages offered by VA loans.
One of the main questions we receive in regards to VA loans is, “What is a VA mortgage loan entitlement?”
If you currently have a conventional loan, you are allowed to refinance with a VA loan if you are an eligible veteran. Better yet, the odds are favorable that you will be able to save a great deal of money by refinancing with a VA loan!
Before your home can be qualified for a VA loan, the VA requires an appraisal of the property. A VA appraisal involves a thorough analysis of the home and property to determine what the current market of the home and property is.
If you’re looking at buying the home of your dreams – and the price reflects it – then a VA jumbo loan may very well be the best option for your mortgage.