Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Monthly Archives: November 2010

Why and How the VA Uses Your Private Data for VA Loans

Why and How the VA Uses Your Private Data for VA Loans

In our last blog post I discussed why personal data protected by the Privacy Act is required in order to fill out VA home loan paperwork. The Department of Veterans Affairs and your lender require a Social Security number, an...

VA Loans and Privacy Act Information

VA Loans and Privacy Act Information

Whenever private information is required to take out a VA home loan, apply for credit or run a credit report, there will always be a segment of the population nervous about handing over personal information to the institutions that require...

More VA Loan Myths

More VA Loan Myths

Our last post on VA loans and the myths that sometimes misinform potential VA loan applicants included a discussion on who is eligible for a VA loan. All current and former military members can become eligible for a VA home...

What Happens to a VA Home Loan in Case of a Natural Disaster

What Happens to a VA Home Loan in Case of a Natural Disaster

Those with VA home loans who are affected by a natural disaster often find themselves on the phone with the Department of Veterans Affairs in the wake of the event trying to learn what their rights and obligations are. Knowing...

How VA Construction Loans Work

How VA Construction Loans Work

VA home loans aren't just for veterans and current military members looking to buy an existing home for sale on the market. They can also be used to buy a piece of property and have a home built on it....

VA Joint Loans

VA Joint Loans

A first time home buyer who wants to buy a new home with a VA mortgage is likely thinking of the typical VA loan approach; a single applicant for VA home loan benefits. But there are many more VA home...

Why Would the VA Refuse to Appraise a Home for a VA Loan?

Why Would the VA Refuse to Appraise a Home for a VA Loan?

The VA appraisal is one of the most important parts of buying a home with a VA mortgage. The appraisal tells the buyer what the property is actually worth (the fair market value) and the buyer can use that value...

Can a HUD Appraisal Substitute for a VA Appraisal?

Can a HUD Appraisal Substitute for a VA Appraisal?

One of the most important steps in a VA home loan is getting the property appraised so that a Notice of Value or NOV can be issued. The NOV helps determine the loan amount--the VA won't guarantee a loan for...

VA Loan Rules for Surviving Spouses of Military Members

VA Loan Rules for Surviving Spouses of Military Members

Military members and their spouses are eligible to apply for VA home loans, but what about situations where the veteran died on active duty or as a result of disabilities as a result of military service? Do surviving spouses get...

VA Loans With Co-Borrowers

VA Loans With Co-Borrowers

There are different types of VA loan applications where the veteran can add another borrower. One is a joint loan, where the vet applies with a civilian co-borrower. Another is a VA loan application where two veterans who are not...