VA Loan Training Courses
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Need Training For Providing VA Loans?
Get your VA training through the Mortgage Training Center!
The VA - short for the Veteran's Administration - provides mortgage loans made through VA approved lenders. The properties these loans service are single family and multi-family homes, as well as manufactured homes and hospitals.
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. These loans can be obtained with no money down for military veterans.
Find VA Training Products & ServicesWith the increase in VA loan possibilities, VA loan processing is a vital piece in getting your loans to the closing table - but you'll need to know how to market and process this type of loan.
The Mortgage Training Center is your home for all types of VA training, including VA underwriting training, VA reverse mortgage training, and training for VA loan processing.
VA training comes in webinars, classes, and manuals that can get you up to speed on the fastest growing segment of VA lending.
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Here are a few of the things you will learn from taking our VA training courses:
- Basic Compliance
- Required Disclosures
- Maximum mortgage amount
- Down payment requirements
- Appraisal Requirements
- VA Guidelines For Occupancy, Ratios, Employment, Eligibile Borrowers
- Elements critical to the loan process
- How to process a VA mortgage
To find training to meet your VA training needs, either choose a recommended course below, or select "VA" and your state from the "Professional Development" section of the search box below.
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Online Training Courses
Top FAQs
VA loans help current and past members of the military to purchase homes.
No downpayment, private mortgage insurance not required, low interest rates, and lower closing costs
Little or low money down means less equity and limits to use (can't be used for rental or vacation properties).
A VA Loan Processor is responsible for analyzing the loan applications, assessing creditworthiness, and determining the likelihood of loan repayment.
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About VA Loans
Who Offers A VA Loan?A VA loan is guaranteed by the U.S. Department of Veterans Affairs. The loan itself isn't actually made by the government, but is backed by a government agency, so it makes lenders feel more comfortable in offering these loans as they pose less risk.
The VA sets the qualifying standards, dictates the terms of the mortgages offered and guarantees a portion of the loan, but doesn't actually offer the financing. VA home loans are provided by private lenders, such as banks and mortgage companies, instead.
Basically, you fill out paperwork from the VA that verifies your eligibility for the program. You also receive what’s known as your entitlement, which is the dollar amount guaranteed on each VA loan. Lenders might be willing to loan up to four times the amount of your entitlement.
What Are The Advantages Of A VA Loan? - Eligible homebuyers are not required to have a down payment in most cases - typically cited as the greatest VA loan benefit
- No monthly mortgage insurance premiums or PMI to pay
- Limitation on buyer's closing costs
- Lower average interest rates than other loan types
- No prepayment penalties
- Two refinance options
What Is The Purpose Of A VA Loan? The basic intention of the VA home loan program is to supply home financing to eligible veterans and to help veterans purchase properties with no down payment. The loan may be issued by qualified lenders.
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 new construction.
