Buying Your First Home
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How to Refinance With a VA IRRRL: Step-by-Step Guide
Refinancing with a VA Interest Rate Reduction Refinance Loan (IRRRL) takes six steps: confirm eligibility, pass the net tangible… Read more
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Mortgage Rate Lock: When to Lock, How Long, and Float-Down Options
A mortgage rate lock is a lender commitment to hold your quoted interest rate for a defined period, regardless… Read more
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Does Tomo Mortgage Offer VA Loans?
Tomo Mortgage offers VA purchase loans and VA refinancing for veterans, active-duty service members, and eligible surviving spouses, available… Read more
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VA Funding Fee 2026: How Much It Costs and Who Is Exempt
The VA funding fee is 2.15% of the loan amount for a first-time VA loan with less than 5%… Read more
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How Much Does a $0 Origination Fee Save You?
A $0 origination fee saves you the full amount another lender would otherwise charge, typically 0.5% to 1% of… Read more
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Is E-Closing Legal in My State?
E-closing your conventional, FHA, VA, or jumbo loan with a remote online notarization (RON) is legal in most states… Read more
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Can I Use a VA Loan More Than Once?
VA home loan benefits can be used multiple times throughout a lifetime, with no hard cap on the number… Read more
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Can You Get Pre-Approved for a Mortgage Completely Online?
Full digital preapproval is available online from lenders including Tomo Mortgage. A preapproval typically involves a lender reviewing your… Read more
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Who Qualifies for a VA Loan? Eligibility Requirements Explained
You qualify for a VA loan if you meet one of the VA’s service requirements: 90 consecutive days of… Read more
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What to Look for in a VA Mortgage Lender
Look for eight things when choosing a VA mortgage loan lender: VA-approved status, Certificate of Eligibility (COE) assistance, Section… Read more
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What Determines Your VA Loan Rate?
Five factors determine your VA loan rate: credit score, loan amount, debt-to-income (DTI) ratio, loan term, and discount points,… Read more
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Online Mortgage Close Time: How Fast Can You Actually Close?
The industry average mortgage close time was just under 37 days for purchase loans in March 2026 vs 42… Read more
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VA Loan vs. Conventional Loan: Cost Comparison
A VA loan is typically cheaper than a conventional loan for eligible borrowers who plan to stay in the… Read more
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How to Apply for a Mortgage Online: Step-by-Step
Applying for a conventional, FHA, VA, or jumbo mortgage completely online takes only eight steps: check your credit, get… Read more
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How to Get a VA Loan: Step-by-Step Guide
Getting a VA loan takes eight steps: confirm eligibility, obtain your Certificate of Eligibility (COE), choose a VA-approved lender,… Read more
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What Documents Do I Need to Get a Mortgage Online?
A mortgage application, online or in person, requires four categories of documents: income, assets, identity, and property. Income documents… Read more
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What Credit Score Do I Need for a VA Loan?
The Department of Veterans Affairs sets no minimum credit score for a VA loan. That requirement comes from individual… Read more
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What Is FHA Mortgage Insurance Premium (MIP)?
MIP, or mortgage insurance premium, is an essential part of certain home loans, specifically those backed by the Federal… Read more
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What are mortgage interest rate points?
The term mortgage points (also called discount points) gets frequently thrown around, but what do points actually mean and should… Read more
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What Are Seller Credits (and How Do They Work)?
Seller credits (also called seller concessions) are essentially a way for the seller to help you with some of… Read more