VA Issues Guidance For Principal Reduction On VA Home Loans
The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans...
VA Appraisals and Reconsideration of Value
When a VA loan applicant wants to buy a home, gets a contract sales price and a VA assigned fee appraiser looks at the property, the results may...
Home Inspections and Asbestos
In previous blog posts, we've discussed the difference between a VA appraisal, which is required for the sale of a home, and a home inspection which is not required....
VA Rules on Minimum Property Requirements
In the past, we have discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because they directly affect...
Are Electronic Signatures Permitted For VA Home Loans?
Sometimes it takes a while for concepts to catch on. The use of electronic signatures is one such concept that has taken a while to filter in to...
VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?
VA loans require one very important step to move forward: an appraisal. When a buyer finds a home they want to purchase with a VA mortgage, they must...
VA Loan Assumption and the Novation
There’s a serious issue VA loan holders should be aware of when arranging the sale of their home with a loan assumption deal. There are different types of loan...
VA Loans and the Rules on Manufactured Homes
There are a lot of questions out there when it comes to VA loans for manufactured homes, also known as mobile homes. In some circles, the mobile home rules...
VA Rules for Property Appraisal
In previous posts, I have written about VA property appraisals and the requirements the VA puts in place for appraisers. In spite of all these requirements, there are often...
How Can I Buy a VA REO Home?
The Department of Veterans Affairs offers foreclosed homes, also known as real estate owned homes (REO), for sale to veterans and civilians alike. Since the VA insures mortgages under...