VA Loans

Jan. 11, 2022

VA Loans: Helping Veterans Achieve Their Homeownership Dreams

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. As the Veterans Administration says of the program:

“The objective of the VA Home Loan Guaranty program is to help eligible Veterans, active-duty personnel ...

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Posted in VA Loans
July 22, 2021

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR):

“Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from ...

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Posted in Money Matters, VA Loans
Dec. 21, 2020

Making a Home for the Brave Possible [INFOGRAPHIC]

 

Making a Home for the Brave Possible [INFOGRAPHIC] | MyKCM

Some Highlights

  • VA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation.
  • For eligible individuals, options associated with VA Loans can help make the dream of homeownership a reality.
  • If you or someone you know may benefit from ...
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Nov. 11, 2020

VA Home Loans: Helping Heroes Find a Home

Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans ...

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Dec. 27, 2019

VA loan limits removed

Veterans are no longer restricted to a loan limit beginning January 1, 2020.  Previously, veterans were limited by the same restrictions set by the Federal Housing Finance Agency on conforming loans.  While these limits were national in nature, there were exceptions for high-cost counties and jumbo loan procedures ...

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Nov. 11, 2019

75 Years of VA Home Loan Benefits

75 Years of VA Home Loan Benefits | MyKCM

Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.

This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this ...

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July 17, 2017

Assumptions are an Alternative

FHA VA Assumption.png

In the late 80’s, both FHA and VA began requiring buyers to qualify to assume their mortgages. The main reason there haven’t been many assumptions in the past 25 years is that interest rates have been steadily going down and if a person has to qualify, they might as well ...

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July 3, 2017

Down Payment Problem - Are You Sure?

There is increasing difficulty for first-time home buyers to save for their down payment as indicated in the graph.  Several factors that contribute to this trend include rising rents, rising home prices, student loan debt and flat wages. Some would-be buyers feel they cannot buy a home today but a ...

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