 |
VA Loan Information
The more you know about the VA home loan program, the more you will realize how little "red tape" there
really is in using this veteran benefit.
Find out how easy it is to get started.
-- VA Pamphlet 26-4
The main purpose of the VA home loan program is to help veterans finance the purchase of homes
with favorable loan terms and at a rate of interest which is competitive with the rate charged
on other type of mortgage loans. This pamphlet should help you to understand what the
Department of Veterans Affairs
can and cannot do for the veteran home purchaser.
-- VA Pamphlet 26-6
This pamphlet is designed to help veterans planning to purchase or construct homes, particularly
those veterans who intend to finance with a
VA construction loan.
It does not try to discuss the arguments
for or against homeownership. It is up to each veteran to decide whether homeownership is
best for his or her family.
-- VA Pamphlet 26-71-01
The questions and answers included in this pamphlet about this
VA benefit are intended to cover major items of
interest to veterans interested in buying a manufactured (mobile) home with a VA mortgage.
-- VA Pamphlet 26-93-1
VA direct home loans are available to eligible Native American veterans who wish to purchase
or construct a home on trust lands with a VA mortgage.
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage
companies to eligible veterans for the purchase of a home which must be for their own personal
occupancy. To to use this VA benefit, a veteran must apply to a lender.

FREQUENTLY ASKED QUESTION # 14 [ -more VA Loan questions- ] - - - - - -
Q: I Lost My DD214 - What if I can't find my DD214 form?
A: Those who have been discharged, separated or retired should keep multiple copies of the DD214--your discharge paperwork. It's the most important military document in your records. This is proof of your military status, whether you are retired, separated, discharged. It also displays the nature of your discharge, and what your status is with the National Guard or a Reserve Unit. The lack of a DD214 form can bring some of your VA processes to a halt, but fortunately you can get a replacement copy by writing to the National Personnel Records Center. Enclose a completed form SF-180 along with a letter stating the reason for your request, you name, rank, social security number. If you are a recently discharged military member who separated or retired at an overseas location, remember that your DD214 form may be delayed overseas for up to a year before it becomes part of the National Record Center archives. If this is the case, you contact the orderly room, First Sergeant or Sergeant Major in charge of where you separated or retired and request a copy directly from your final base.
|
 |
 |
VALoans.com is a private company specializing in VA financing and is
not a government agency.
Remember, the VA does not make home loans. They insure the loans that we can assist you in getting.
Let us help you get a VA insured mortgage loan at the lowest possible rates.

Life Insurance for Military Members


|

|
 |
 
 |
Get Started with a VA Home Loan
|

Copyright © 1997- 2008
VALoans.com
All Rights Reserved
Web Design
Archimage
Houston, Texas
|