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Omaha, Nebraska

Common Omaha VA Home Loan Questions


Common VA Home Loan Questions From Omaha, Nebraska

Common VA Home Loan Questions From Omaha, Nebraska

Common VA Home Loan Questions From Omaha, Nebraska



Common VA Home Loan Questions from Omaha, Nebraska. Today in our latest Go VA Home Loan mortgage post we will try to answer some of the most common questions you may have about the VA Home Loan. Below we have answered several of the most common ones we've been asked. That being said, if you have any other questions, or simply want a professional opinion on your individual circumstance feel free to call us at the number in the top right. You can also fill out one of our forms for a more in depth examination of your individual housing situation.

VA Home Loan Questions Answered


VA Home Loan Question 1: "Can I obtain a VA home loan with bad credit?"
The answer is yes you can. Credit is still a factor when it comes to being approved for any type of home loan. That being said, the VA Home Loan is by far the most lenient when it is put in comparison with the other type of home loans and mortgage types. Right now lenders tend to be looking for scores around 620. Taking that into consideration the VA does not have a credit score requirement. They are looking for individuals who they believe will be capable of paying back the borrowed amount including interest. So, the credit score is extremely lenient in general, but that doesn't mean that a VA Home Loan will just be handed out. There are still certain requirements that must be met.


VA Home Loan Question 2: "Can I Get a VA Home Loan after bankruptcy? What's the policy?"
The most accepted time frame is generally around a two-year wait from the date of the bankruptcy discharge. That being said, it varies. If someone were to file for Chapter 13 bankruptcy protection may be eligible after a single year of waiting. This is assuming no payments were missed within that year. This ultimately comes down to a VA mortgage lender's personal preference. Not all VA approved lenders will extend financing to those buyers.


VA Home Loan Question 3: "How do you get started on a VA Home Loan?"
This question actually has a very simple answer. In most cases you can pre-qualify in minutes. pre-qualification is the first step. The second step would be loan pre-approval which give you a good sense of your purchasing power. You would have to visit a mortgage brokerage or mortgage lender who has their NMLS ID number to obtain either of these two. If you have any further questions about these steps you can talk to a Go VA Home Loan specialist at (816) 945-9924.


VA Home Loan Question 4: "What if I've used a VA Home Loan Before? Can I use it again?"
You need to have had paid off your prior home if you would like to use the VA Home Loan for a second mortgage. If you have paid off the prior property, still own the property, and want to use your entitlement to purchase a second home you are generally allowed to do so. Many active duty borrowers who PCS to a new station will do this if they want to keep their current home for retirement. That being said, you can only do that one time. Now, if the previous VA Mortgage is paid off & the property isn't owned anymore they may have their entitlement restored for as many times as they would like.


VA Home Loan Question 5: "Am I eligible for a VA Loan in Omaha, "
You may be eligible if you have served for 90 consecutive days of active service during wartime, have served 181 days of active service during peacetime, have more than 6 years of service in the National Guard or Reserves, or you are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.


VA Home Loan Question 6: "What is A Veteran's home loan entitlement?"
If you are eligible for the VA home loan program, and haven't ever used it, then you have basic & bonus VA entitlement. This is a $36,000 figure many see on their Certificate of Eligibility (COE) that refers to a portion of entitlement known as “basic”. This is the VA's maximum guarantee for loans up to $144,000.

Helpful Nebraska VA Loan Info


What is the Omaha VA Loan Appraisal Process?

VA Purchase Home Loan Program Omaha

Military BAH Rates - Omaha Basic Allowance For Housing

Omaha VA Mortgage Calculator

Omaha VA Mortgage Rates

Common Omaha VA Home Loan Questions

How Do I Get A Omaha Certificate Of Eligibility(COE)?

Military DD214 Form for Nebraska military personnel

Omaha VA Credit Score Requirements

Omaha VA Streamline Refinance Loan | IRRRL Refinance Program

Omaha VA Mortgage Lenders

Omaha Income & Financial Requirements For VA Loans

What are closing average Omaha, Nebraska closing costs?

Omaha VA Mortgage CO-Signer Requirements and Regulations

Omaha Military Home Loans and special benefits

What is the Omaha, Nebraska VA Entitlement?

Omaha Nebraska VA Home Loans

The Government Will Pay Your Omaha VA Loan Through the BAH Program

All Nebraska VA Loan Locations

Locations Nearby Omaha


Valley, NE 68064
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 9942
AVERAGE HOME VALUE PER SQFT: $111 Per Sq Ft

Education Stats in Omaha, NE

Highschool Graduation Percent: 99.0562 %
Graduate Degree Percent: 11.4205%
Bachelors Degree Percent: 32.3266%

Omaha, Nebraska housing data

Omaha Poverty Percentage: 17.289%
Omaha, NE Median Earnings: 32804%
Median Household Income in Omaha: 62174%
Omaha, Nebraska Median Home Value: 173200%
68142 Median Gross Rent: 933%

Time zone and area codes for Omaha

Omaha Time Zone: America/Chicago
Area Code(s) For Omaha, NE: 402

Omaha(68142) Coordinates

68142 Approximate Latitude: 41.37
68142 Approximate Longitude -96.11
68142 Population Center Latitude: 41.3373745
68142 Population Center Longitude: -96.09448376
Omaha's Polygon Offset Latitude: 41.3617
68142 Internal Latitude Point: 41.3711459
68142 Internal Longitude Point: -96.1070803
68142 Latitude Minimum: 41.3188
68142 Latitude Maximum: 41.4222
68142 Longitude Minimum: -96.1389
68142 Longitude Maximum: -96.0621

Omaha, NE Age Demographics

Omaha Population Under 10: 488 People
Omaha Population 10-19: 357 People
Omaha Population 20-29: 479 People
Omaha Population 30-39: 466 People
Omaha Population 40-49: 412 People
Omaha Population 50-59: 453 People
Omaha Population 60-69: 261 People
Omaha Population 70-79: 113 People
Omaha Population 80 years and up: 43 People

Omaha Demographics Data

White demographics: 2663 People
African-American demographics: 181 People
Omaha Indian and alaskan natives: 19 People
Omaha asian demographics: 68 People
Omaha Hawaiian and Pacific Islanders: 2 People
Omaha Population Makred as Other: 57 People
Omaha Two or more races: 82 People
Omaha male population count: 1531 People
Omaha female population count: 1541 People

Omaha, NE Facts

Total Population in Omaha: 3072
Omaha Land Area: 48643756
Number Of Houses in Omaha, Nebraska: 1262

Omaha Postal, Tax, and Wage Facts

Total Wages in Omaha: $90,517,551.00
68142 Post Office Location: NA-US-NE-OMAHA
68142 Post Office Type: STANDARD
There were 1453 tax returns in 68142.

Omaha, NE 68142
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 9937
AVERAGE HOME VALUE PER SQFT: $132 Per Sq Ft


Omaha, NE 68157
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 9519
AVERAGE HOME VALUE PER SQFT: $85 Per Sq Ft


Lincoln, NE 68524
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 9489
AVERAGE HOME VALUE PER SQFT: $129 Per Sq Ft


Falls City, NE 68355
METROPOLITAN Area: , NE
COUNTY NAME: Richardson Nebraska
CITY SIZE RANK: 9118
AVERAGE HOME VALUE PER SQFT: $49 Per Sq Ft


Lincoln, NE 68526
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 8988
AVERAGE HOME VALUE PER SQFT: $164 Per Sq Ft


Omaha, NE 68152
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 8853
AVERAGE HOME VALUE PER SQFT: $118 Per Sq Ft


Lincoln, NE 68528
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 8739
AVERAGE HOME VALUE PER SQFT: $128 Per Sq Ft


Omaha, NE 68117
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 8310
AVERAGE HOME VALUE PER SQFT: $105 Per Sq Ft


Omaha, NE 68110
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 8291
AVERAGE HOME VALUE PER SQFT: $65 Per Sq Ft


Omaha, NE 68118
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 7994
AVERAGE HOME VALUE PER SQFT: $118 Per Sq Ft


Bennington, NE 68007
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 7787
AVERAGE HOME VALUE PER SQFT: $131 Per Sq Ft


Bellevue, NE 68147
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Sarpy Nebraska
CITY SIZE RANK: 7505
AVERAGE HOME VALUE PER SQFT: $90 Per Sq Ft


Papillion, NE 68133
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Sarpy Nebraska
CITY SIZE RANK: 7467
AVERAGE HOME VALUE PER SQFT: $107 Per Sq Ft


Omaha, NE 68122
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 7421
AVERAGE HOME VALUE PER SQFT: $118 Per Sq Ft


Omaha, NE 68102
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 7301
AVERAGE HOME VALUE PER SQFT: $172 Per Sq Ft


Lincoln, NE 68522
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 7262
AVERAGE HOME VALUE PER SQFT: $139 Per Sq Ft


Omaha, NE 68112
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 7218
AVERAGE HOME VALUE PER SQFT: $75 Per Sq Ft


Gretna, NE 68028
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Sarpy Nebraska
CITY SIZE RANK: 7058
AVERAGE HOME VALUE PER SQFT: $113 Per Sq Ft


Omaha, NE 68138
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 7026
AVERAGE HOME VALUE PER SQFT: $96 Per Sq Ft


Lincoln, NE 68508
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 6955
AVERAGE HOME VALUE PER SQFT: $97 Per Sq Ft


Blair, NE 68008
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Washington Nebraska
CITY SIZE RANK: 6841
AVERAGE HOME VALUE PER SQFT: $116 Per Sq Ft


Lincoln, NE 68512
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 6643
AVERAGE HOME VALUE PER SQFT: $145 Per Sq Ft


Omaha, NE 68108
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 6361
AVERAGE HOME VALUE PER SQFT: $74 Per Sq Ft


Omaha, NE 68131
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 6284
AVERAGE HOME VALUE PER SQFT: $86 Per Sq Ft


Omaha, NE 68136
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 6205
AVERAGE HOME VALUE PER SQFT: $107 Per Sq Ft


Omaha, NE 68132
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 6153
AVERAGE HOME VALUE PER SQFT: $125 Per Sq Ft


Lincoln, NE 68503
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 6071
AVERAGE HOME VALUE PER SQFT: $89 Per Sq Ft


Lincoln, NE 68507
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 6054
AVERAGE HOME VALUE PER SQFT: $120 Per Sq Ft


Omaha, NE 68124
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 5624
AVERAGE HOME VALUE PER SQFT: $131 Per Sq Ft


Lincoln, NE 68505
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 5342
AVERAGE HOME VALUE PER SQFT: $128 Per Sq Ft


La Vista, NE 68128
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Sarpy Nebraska
CITY SIZE RANK: 5207
AVERAGE HOME VALUE PER SQFT: $97 Per Sq Ft


Omaha, NE 68130
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 5091
AVERAGE HOME VALUE PER SQFT: $129 Per Sq Ft


Lincoln, NE 68504
METROPOLITAN Area: Lincoln, NE
COUNTY NAME: Lancaster Nebraska
CITY SIZE RANK: 5043
AVERAGE HOME VALUE PER SQFT: $114 Per Sq Ft


Omaha, NE 68114
METROPOLITAN Area: Omaha, NE
COUNTY NAME: Douglas Nebraska
CITY SIZE RANK: 4616
AVERAGE HOME VALUE PER SQFT: $120 Per Sq Ft