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: December 2010

Credit Reports and VA Home Loans

Credit Reports and VA Home Loans

Under the law, everyone is entitled to know what's on their credit report. That's why the three major credit reporting agencies Equifax, Experian, and TransUnion offer free credit reports to the public--they cannot charge the public a fee simply to...

VA Loans, the Occupancy Rule, and Military Retirees

VA Loans, the Occupancy Rule, and Military Retirees

One of the most important rules new house hunters should understand when it comes to VA home loans is the occupancy requirement. Unlike FHA home loan programs, the VA does not offer loan guarantees for properties the borrower doesn't intend...

VA Loans and The 24-Month Rule

VA Loans and The 24-Month Rule

VA loans have strict eligibility rules which include requirements for minimum time on duty. Veterans cannot be approved for a VA home loan unless they meet these VA requirements. Unfortunately, minimum time on duty times vary greatly depending on when...

The Difference Between Refinancing and Second VA Home Loans

The Difference Between Refinancing and Second VA Home Loans

The VA loan process hinges on eligibility. A veteran or current member of the military must apply for a VA Certificate of Eligibility before they can start submitting paperwork for the VA home loan itself. When a VA mortgage loan...

VA Home Loans: When the Asking Price is Different Than Fair Market Value

VA Home Loans: When the Asking Price is Different Than Fair Market Value

House hunting can be tricky. One situation many VA loan applicants find themselves in comes when the seller offers a price on the home that is higher than the VA Notice of Value. Experienced house hunters and more confident first...

VA Loan Occupancy Rules and Permanent Change of Station Moves

VA Loan Occupancy Rules and Permanent Change of Station Moves

VA loan requirements include strict rules about occupancy. When a VA loan is issued, the borrower is required to certify they intend to live on the property as their primary residence. But the military lifestyle includes uncertainty; deployments and permanent...

VA Loan Questions and Answers: The Appraisal:

VA Loan Questions and Answers: The Appraisal:

For some first time home buyers and newcomers to the VA mortgage process, the VA appraisal is something of a mystery. One of the most important things house hunters often need clarification on is the difference between a VA appraisal...

All About Applying For VA Joint Loans

All About Applying For VA Joint Loans

The rules for VA joint loans are similar to other VA mortgages; the borrowers must certify the property is to be their primary residence, but the VA rules make an exception for any borrower who does not use VA entitlement...

VA Loan Limits and the Certificate of Entitlement

VA Loan Limits and the Certificate of Entitlement

VA Loan entitlement, according to the Department of Veterans Affairs, is "the amount available for use on a loan." That references the amount the VA will guaranty rather than the entire amount of the VA home loan. A veteran's basic...

VA Loan Limits for 2011 Now Available

VA Loan Limits for 2011 Now Available

The Department of Veterans Affairs does not set a maximum loan amount for VA mortgages. But that doesn't mean the VA will guaranty any loan amount; the VA has maximum amounts it will guaranty, which vary by county and are...