What Are the Occupancy Requirements of a VA Loan?

What Are the Occupancy Requirements of a VA Loan?

Although it’s one of the most widely used benefits offered by the Department of Veterans Affairs, many veterans have questions about the rules and regulations about using their VA loan. One of the most asked about issues is the loan’s occupancy requirements. Questions often asked include: How soon after buying my home do I have to move in? What if I am deployed? Can I rent out my home with a VA loan? Read on to learn more about VA loan occupancy requirements.

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Taking Advantage of HARP

Taking Advantage of HARP

We used to think that HARP-eligible borrowers were “underwater” meaning they owed more than their home was worth, but wasn’t always true. In fact, since the inception date of HARP (April 2009), 56% of all those who had completed a HARP refinance had Loan-to-Value (LTV) ratios of 80% to 105% of the home’s worth, meaning: they didn’t actually owe more on their mortgage than their home was currently worth. Should you be taking advantage of HARP? Read on to see why you should be.

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