10 Aspects of VA Home Loans to be aware of in Seattle When considering a VA home loan, there are 10 aspects you need to be aware of: • Bank statements, a COE (Certificate of Eligibility), employment verification, proof of income, and tax returns are required when applying for a VA home loan. • Eligibility for a VA home loan hinges on specific requirements such as having a decent credit score, income, and period of service. • Eligible individuals can obtain a VA home loan repeatedly provided they satisfy the eligibility conditions. • In most cases, the VA home loan process is less time-consuming than other loans. • Instead of monthly PMI payments, VA home loans require a one-time funding fee. • IRRRL’s or Interest Rate Reduction Refinance Loans enable you to refinance your home with a VA loan. • VA home loans are guaranteed by the Department of Veterans Affairs and offer better terms than conventional loans. • VA home loans don’t require a down payment or PMI (private mortgage insurance) and offer more forgiving underwriting guidelines. • . • VA home loans offer more advantages to those individuals who qualify for them. • VA home loans provide favorable terms and lower interest rates to the individuals mentioned in the above paragraph. To learn more about VA home loans, speak with a mortgage broker today. https://www.google.com/maps?cid=1728001048712065545