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What Veterans Should Know About VA Home Loan Eligibility and Requirements

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Thinking about using your VA loan benefit? You need to know about the certificate of eligibility, or COE, which proves your service and is your ticket to a zero-down mortgage. While no required down payment is a huge plus, you'll still need enough income to cover the debt-to-income ratio and a credit score that satisfied the lender. A big perk is no private mortgage insurance, but you'll pay a funding fee unless you're exempt due to disability. Remember, the property must meet minimum appraisal…

What Veterans Should Know About VA Renovation Loan Inspections

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When using a VA renovation loan, expect thorough inspections that focus on both the property's current condition and the planned upgrades. Unlike standard VA loans, these require detailed cost estimates and contractor approval before work begins. The appraiser will verify that proposed renovations are structurally necessary, not just cosmetic, and that they add value to the home. Veterans should budget for potential additional repairs found during inspection, as lenders may require addressing s…