Mortgage Professionals
The VA Home Loan is one of many benefits that our service members earned for their service to our country. We want to be the resource for the mortgage and real estate industry so that together we can all help more active-duty, veterans and their families obtain homeownership.
Education & Training
Here are some topics we cover in our trainings to provide comprehensive education on VA home loans.
- Understanding VA Home Loans: This topic can cover the basics of VA home loans, including eligibility requirements, benefits, and limitations. It can also include information on the VA loan process, VA loan types, and how VA loans differ from other types of loans.
- VA Loan Eligibility and Certificate of Eligibility (COE): This topic can focus on the specific eligibility requirements for VA home loans, such as service requirements, credit score, and income requirements. It can also cover how to obtain a COE, its importance, and how to interpret it.
- VA Loan Appraisal Process: This topic can provide insights into the VA loan appraisal process, including the role of a VA-approved appraiser, VA appraisal requirements, and potential challenges in VA appraisals. It can also cover how to handle issues that may arise during the appraisal process.
- Funding Fee and Closing Costs: This topic can cover the VA funding fee, including how it is calculated, who is required to pay it, and how it can impact the overall cost of a VA loan. It can also provide information on VA loan closing costs, including what costs are typically associated with VA loans and how they differ from other types of loans.
- VA Loan Underwriting and Documentation: This topic can focus on the VA loan underwriting process, including the specific requirements for VA loan documentation, credit evaluation, and income verification. It can also cover common challenges in VA loan underwriting and how to overcome them.
- VA Loan Refinancing Options: This topic can provide an overview of VA loan refinancing options, including Interest Rate Reduction Refinance Loan (IRRRL) and Cash-Out Refinance, and their requirements, benefits, and limitations. It can also cover the VA loan seasoning requirements and how to determine if a borrower is eligible for VA loan refinancing.
- VA Loan Servicing and Default Prevention: This topic can provide insights into the VA loan servicing process, including loan administration, escrow, and default prevention measures. It can also cover the options available to borrowers facing financial difficulties, such as loan modifications, forbearance, and foreclosure prevention.
- Best Practices for Working with VA Homebuyers: This topic can provide tips and best practices for real estate and lending professionals when working with VA homebuyers, including understanding their unique needs, navigating VA loan requirements, and providing excellent customer service. It can also cover strategies for marketing to and connecting with VA-eligible borrowers.
- VA Loan Myths and Misconceptions: This topic can address common myths and misconceptions about VA home loans, such as misconceptions about eligibility requirements, funding fees, and appraisal issues. It can help real estate and lending professionals debunk common myths and provide accurate information to borrowers.
- Recent Updates and Changes in VA Home Loan Guidelines: This topic can cover recent updates and changes in VA home loan guidelines, including changes in eligibility requirements, appraisal process, funding fee, and other relevant areas. It can help real estate and lending professionals stay updated with the latest VA loan guidelines and requirements.
