What Is Conditional Approval on a Loan? A Complete Guide for Borrowers

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

Do Conventional Loans Require Appraisal?

Appraisals help ensure you’re not overpaying when purchasing a home, although they come with a cost and delay to closing. If youre interested in a conventional loan with no appraisal needed, you might be in luck: Fannie Mae and Freddie Mac both offer appraisal waivers on purchase and refinance loans in certain situations. Conventional loans … Read more

Can I Use A VA Loan More Than Once?

A VA loan can help you achieve your dream of homeownership with more flexible lending criteria. However, these loans are only available for eligible veterans, active duty service members, and surviving spouses. If you’ve used your VA loan before or are considering using your entitlement to purchase your first house, you might wonder, “How many … Read more

Assuming a VA Loan After Divorce: What You Need to Know

VA loans are designed for military members and veterans who meet Department of Veterans Affairs requirements. Nonmilitary spouses who are married to eligible veterans and military members can share in their partner’s VA entitlement and loan benefit. But, divorce can complicate a spouse’s VA loan eligibility and property rights. Here’s what you need to know … Read more