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: January 2011

VA Loans and Income Verification

VA Loans and Income Verification

When a veteran or current military member applies for a VA mortgage loan, income verification is one thing that must happen as a part of the VA loan application process. The VA can't determine a borrower's debt-to-income ratio without properly...

VA Loans and Cash Back to the Borrower

VA Loans and Cash Back to the Borrower

In my last post I discussed VA loan limits and down payment issues. One thing I mentioned specifically was about the VA's policy on approving VA-insured loans based on the lower of two amounts--the VA maximum loan guaranty and the...

Getting VA Loans Online

Getting VA Loans Online

The paper application form is going the way of the Dodo. While pen-and-ink applications aren't likely to disappear completely anytime soon, many government programs are making the switch to online applications to save money on printing and mailing costs. In...

How to Apply for a VA Certificate of Eligibility

How to Apply for a VA Certificate of Eligibility

Borrowers who have never applied for a VA home loan before may wonder how to apply for a VA certificate of eligibility or COE. There are many ways to apply, including by regular postal mail, but the Department of Veterans...

When Can I Apply For A VA Home Loan?

When Can I Apply For A VA Home Loan?

VA home loans require the borrower to apply for a VA certificate of eligibility--the official document from the Department of Veterans Affairs stating the borrower has served enough time in the military to qualify for their VA home loan benefits....

VA Loan Myths: All Veterans Are Entitled to a VA Home Loan

VA Loan Myths: All Veterans Are Entitled to a VA Home Loan

There are many benefits and entitlements that come with military service. Veterans have a wide range of programs, services, discounts and benefits including the VA loan program. But just because someone joins the military and volunteers to serve their country...

More Important Resources for VA Borrowers

More Important Resources for VA Borrowers

In our last blog post we listed some recommended reading for VA home loan applicants including the Fair Housing Act, and the Consumer Credit Protection Act . A lot of the resources we listed in the last blog post had to...

Important Resources for VA Borrowers

Important Resources for VA Borrowers

First time home buyers and even experienced house hunters have a wealth of information at their disposal that can educate about VA borrower's rights, home buyer's rights and other important issues. Some of the recommended reading for new borrowers is material...

VA Compromise Claims

VA Compromise Claims

In recent posts, we've discussed a few ways to avoid foreclosure on a VA home loan. One of the ways mentioned is to simply sell the home to a qualified buyer. VA borrowers can sell their home to veterans and...

What is VA Loan Reamortization?

What is VA Loan Reamortization?

There are many ways home owners can find help with foreclosure avoidance. Borrowers who get into financial trouble should know there more options than simply allowing the home to go into foreclosure; a little bit of information is sometimes all...