Assuming a VA loan can be a convenient and cost-effective way for veterans to finance a new home. By assuming a loan, the buyer can take over an existing mortgage when buying a home. Loan assumption can have numerous advantages for the buyer and seller, and is considered an often overlooked VA benefit. Here are some major reasons...

Assuming a loan allows you to take over the mortgage of another homeowner. Doing so allows you to skip the long, expensive process of applying for a brand new mortgage. While there's still paperwork involved, it can be a very convenient option. Assuming a VA loan has its own set of specific pros and cons for military buyers...

Your credit score matters to mortgage lenders, but that doesn’t mean it’s impossible to buy a house with bad credit. In addition to other loan options, there are other strategies for buying a home if your credit report is less than ideal. Here are some of the ways you can work toward buying a house with bad credit:...

Photo by Brett Sayles from Pexels Before you can get a VA loan or a VA-backed loan through the Department of Veterans’ Affairs, you'll first apply for a Certificate of Eligibility (COE). You must have served a certain number of days, depending on when you served, and you must have an honorable discharge if you are a veteran....