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VA Home Loan History 201

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The concept of a VA Home loan was more how you were going to get enough money to make ones way to a Veterans Home up until the brink of WWII.

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Watch Out for Loan Fraud!

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While the VA Home Loan process is not overly complicated, there are opportunities for including false information in the application.  Be careful not to get caught up in the excitement of buying a home and, either inadvertently or under advice, file incomplete or nonfactual information.

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Selecting the correct home

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Selecting a good home is a shot in the dark, whether you use a VA Home Loan guaranty or not.

Of the approximately 120,000 troops currently serving in Iraq, approximately three fourths are in the National Guard or Reserves.  The bulk of these troops will come home with enough time in combat to qualify for a VA Home Loan guaranty.  Of these, a number will be first time home buyers who may be thinking, "There are too many things to consider in buying a new home!"  The process can seem more complicated than a government form, but it can be simplified. 

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Paperwork

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The frustration level of applying for a VA Home loan just may be going down.

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Entitlement

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I want to buy a new home with a VA loan.  Is it possible to "renew" my entitlement to a veterans' home loan? 

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