How to Compare VA Home Loan Lenders Near You

How to Compare VA Home Loan Lenders Near You

For qualified veterans and active military members looking to buy a house, a VA home loan is a wonderful choice. Though the number of lenders that offer this unique type of loan isn’t as high as those that provide traditional mortgages, you still need to shop around. This means you’re likely searching the internet for tips on “how to compare VA home loan lenders near me.” We’ve got you covered. Here’s what you need to do to make sure you get the best deal.

Know Your Preferred Loan Type

The first thing you need to do when comparing VA home loan lenders near you is to figure out what type of loan you want. Do you want a 15-year mortgage with a fixed interest rate or are you wanting the smaller payments that a 30-year loan will provide? Once you know this, get quotes for that specific type of loan from different lenders.

Pay Attention to the Fees

With a traditional mortgage, your main concern will be the interest rate on the loan. But when you’re comparing VA home loans, you also need to look at the fees each lender charges. Some simply charge more than others and those fees can increase your monthly payments significantly. Make sure you’re comfortable with the fees as well as the loan amount and overall interest rate you’ll have to pay.

Don’t Get Hyper-Local

It’s always a good idea to get quotes from VA home loan lenders near you, but you don’t have to limit your search to local lenders. You can always shop around online. Just make sure to request quotes for the same type of loan and go through those quotes in detail. If you have any questions about the quote, ask your loan broker.

First-Time House Buyers with Pets: What You Should Prioritize

Buying your first home is exciting, but it can feel even more meaningful when you have pets to consider. First-time house buyers need to think not only about their own needs but also about creating a safe, happy space for their furry family members. Here’s what you...

VA Loan Requirements for Income-Restricted Homes

Finding a good home can be exciting, especially when it fits your budget and needs. But if you’re eyeing an income-restricted property, it’s important to understand how VA loan requirements apply. Let’s take a closer look at what you need to know before moving...

How to Handle a Home Purchase Where the Seller Won’t Leave

Buying a home should be an exciting experience. But sometimes, unexpected challenges come up—like a seller who refuses to move out. If you find yourself in this tricky situation during your home purchase, don’t panic. There are ways to handle these problems and...