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  2. VA Certificate of Eligibility: What it is and how to get one

    www.aol.com/finance/va-certificate-eligibility...

    Key takeaways. A VA certificate of eligibility (COE) is evidence that you meet the requirements for a VA loan. Having a COE does not guarantee loan approval. COEs can be obtained by active-duty ...

  3. No-doc mortgage: What is it and can you still get one? - AOL

    www.aol.com/finance/no-doc-mortgage-still-one...

    A no-doc mortgage offers a way to get a home loan without some of the income and employment verification paperwork lenders traditionally require, like W-2s and pay stubs. Post Great Recession, no ...

  4. VA loan spouse requirements - AOL

    www.aol.com/finance/va-loan-spouse-requirements...

    A credit score of at least 620 (the VA has no minimum credit score requirement, but many lenders typically set one) A debt-to-income (DTI) ratio of no more than 41 percent. In addition, unless you ...

  5. Verification of employment - Wikipedia

    en.wikipedia.org/wiki/Verification_of_employment

    Verification of employment. Verification of Income and Employment (VOIE) is a process [1] used by banks and mortgage lenders in the United States to review the employment history of a borrower, [2] to determine the borrower's job stability and cross-reference income history with that stated on the Uniform Residential Loan Application (Form 1003).

  6. VA loan - Wikipedia

    en.wikipedia.org/wiki/VA_loan

    A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...

  7. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage ...

  8. Servicemembers Civil Relief Act - Wikipedia

    en.wikipedia.org/wiki/Servicemembers_Civil...

    The Servicemembers Civil Relief Act (formerly called the Soldiers' and Sailors' Civil Relief Act of 1940) (codified at 50 U.S.C. §§ 3901—4043) is a United States federal law that protects soldiers, sailors, airmen, marines, coast guardsmen, and commissioned officers in the Public Health Service and National Oceanic and Atmospheric Administration from being sued while in active military ...

  9. Active-duty VA loans: How to get a mortgage while overseas - AOL

    www.aol.com/finance/active-duty-va-loans...

    The U.S. Department of Veterans Affairs (VA) guaranteed more than 400,000 loans in 2023, with an average loan balance of $360,863. 95% of military members know what a VA loan is, but just 32% know ...

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