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As the VA loan turns 80, its economic impact is in the trillions

Housing Wire

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. Department of Veterans Affairs (VA) has contributed $3.9 The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22.

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. years and did some other sales jobs before joining the mortgage space about a decade ago. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. Gade, 50, was in the Army for 8.5

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Better launches fully digital VA loan with no minimum down payment

Housing Wire

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

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Voxtur rolls out attorney opinion letters for VA loans

Housing Wire

In September, United Wholesale Mortgage , the largest wholesale lender in the country, announced that it would be launching AOLs, which it claimed could save borrowers up to $1,100 on purchase loans and about $800 on refis. ” The post Voxtur rolls out attorney opinion letters for VA loans appeared first on HousingWire.

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Busting VA mortgage loan myths

Housing Wire

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home.

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What is a VA Loan? The Veteran’s Complete Guide to This Special Type of Mortgage

HomeLight

If you’re on active duty, a military veteran, or the surviving spouse of someone who has served in the military, buying a home could be more affordable than you realize, thanks to the home loan offered by the Department of Veterans Affairs (VA). VA loan basics: How common are these types of mortgages?

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Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . Last year, mortgage interest rates reached record lows. This translates into an average of $56 billion in mortgage originations per year.

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