Homebuyers Not Discouraged by Rate Hikes
Homebuyers Not Discouraged by Rate Hike! Potential home buyers know that interest rates are climbing. Factors causing this rise are increasing wages, a stronger economy, and a positive outlook for growth due to the GOP tax cut. These indicators translate into anticipation that inflation may rise, which will bring about rate hikes by the Federal Reserve […]
VA Loans Remain Steady in an Unpredictable Year for Mortgages
VA Loans Remain Steady in an Unpredictable Year for Mortgages Kacey M. Isley | May 4, 2017 VA home loan program has its best year thus far: 2016. The mortgage industry is in for an uncertain year, with rising and falling rates already seen in these first few months. In fact, the […]
U.S. Air Force: Fly-Fight-Win
The U.S. Air Force (USAF) is the aerial warfare service branch of the United States Armed Forces and one of the seven American uniformed services. Initially, it was part of the United States Army but was formed as a separate branch of the military on 18 September 1947 after President Harry S. Truman signed […]
Top cities for veterans after discharge
A veteran is a person who served in the active military, naval, or air service, and who was discharged or released therefrom under conditions other than dishonorable as discussed in United States Code 38. Once a veteran is discharged, he or she will transition into civilian life. For some the change is easy, while others […]
U.S. Marine Corps: The Few. The Proud.
The U.S. Marine Corps (USMC) is a branch of the United States Armed Forces responsible for providing power projection. The Marine Corps has been a part of the U.S. Department of the Navy since 30 June 1834. It works closely with naval forces for training, transportation, and logistics. By Congressional mandate, its mission is to rapidly deliver combined-arms task forces […]
U.S. Army: history and service requirements
The U.S. Army originated from The Continental Army on 14 June 1775. The Continental Congress created it as a unified army for the colonies to fight Great Britain. George Washington was appointed as its commander. After the war, the Continental Army was separated due to distrust of standing armies. However, because of continuing conflict with Native Americans, leaders realized that it was necessary to […]
Foreclosure inventory drops to pre-recession levels
Foreclosure inventory dropped in June to pre-recession levels, according to data from CoreLogic. CoreLogic is a global property information, analytics and data-enabled solutions provider. The national foreclosure inventory for June included about 375,000 homes. This accounts for approximately 1 percent of all homes with a mortgage. It is a decrease from 1.3 percent in June 2015. This marks the […]
Minimum Property Requirements for appraisal
Appraisals ordered by the VA protect both the buyers and lenders. To do so, the VA has standard minimum property requirements that a property must meet to be financed with a VA home loan. Appraisals guarantee the home is worth the selling price. They also make sure the property meets both VA and lender guidelines. Chapter 12 in […]
How credit scores affect military buyers
Military buyers do not need a squeaky clean credit report to qualify for VA financing. The purpose of the VA home loan program is to help as many military buyers as possible with a practical buying process. First, the Department of Veterans Affairs (VA) does not issue loans. Instead, the department oversees the program and guarantees a portion of each loan in […]
VA Basics: VA Appraisal process
A VA appraisal is part of the VA home loan process and an evaluation of a home to be bought using the loan. An appraisal is not optional and may have a big impact on the buying process. USAVA will order the VA appraisal for the prospective buyer and an appraiser will be selected random […]
