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 Relocation Assistance for Short Sale and Deed-In-Lieu of Foreclosure

VA Relocation Assistance for Short Sale and Deed-In-Lieu of Foreclosure

No VA borrower wants to think losing their home is a possibility, but in some cases it's unavoidable due to personal financial issues, job loss, medical issues or related problems. Foreclosure is a difficult process--it changes credit ratings, requires a...

VA Loans For Suburban Homes, Condos, and Mobile Homes

VA Loans For Suburban Homes, Condos, and Mobile Homes

VA home loans are as diverse as the people who apply for them. The Department of Veterans Affairs recognizes that different buyers have a variety of needs--some want a typical house in the suburbs, others prefer condominiums, still others are...

Advice From the VA on Foreclosure Avoidance

Advice From the VA on Foreclosure Avoidance

Borrowers who apply for VA mortgages don't buy their homes with the expectation of getting into financial trouble. Nobody plans to fall behind on their VA loan payments, face default or risk foreclosure. But even in the best of economic...

Purposes for a VA Loan Property Appraisal

Purposes for a VA Loan Property Appraisal

When a first time home buyer wants to purchase a property with a VA mortgage, they quickly learn that the VA loan application process includes a property appraisal by a VA-assigned professional appraiser. But home purchases aren't the only reasons...

VA Home Loan Foreclosures and Second Chances

VA Home Loan Foreclosures and Second Chances

What happens to a veteran's chances at getting into a VA mortgage if the applicant has had past trouble with home loan default or foreclosure? It's easy to assume that having a home foreclosure on one's credit record would be...

VA Home Loan Benefits: Loan Assumption

VA Home Loan Benefits: Loan Assumption

When a first time home buyer looks into the possibilities offered by a VA home loan, they may not understand some of the advantages and benefits associated with a VA mortgage. Having these areas explained goes a long way toward...

What are the Benefits of a VA Home Loan?

What are the Benefits of a VA Home Loan?

For veterans and current service members, there are plenty of advantages and benefits to getting a VA home loan instead of seeking a conventional mortgage. In fact, the VA lists a collection of those benefits on its official site to help...

VA Loans and Builder’s Warranties–What You Should Know

VA Loans and Builder’s Warranties–What You Should Know

Applying for a VA mortgage includes reading a LOT of paperwork. There are so many forms, agreements and fine print that some people feel overwhelmed when it's finally time to sign on the dotted line and commit to buying a...

VA Loan Funding Fee Refunds-How are They Paid?

VA Loan Funding Fee Refunds-How are They Paid?

In several of our recent blog posts, we've covered a lot of ground about VA loan funding fees. One thing we haven't touched on yet is how the funding fees are refunded by the Department of Veterans Affairs. VA loan funding...

VA Refinancing Loan Rules for IRRRLs

VA Refinancing Loan Rules for IRRRLs

The VA Interest Rate Reduction Refinancing Loan lets VA mortgage holders refinance for the purpose of getting a lower interest rate or lower monthly payments. The VA regulations for these loans say the principal and interest payment must be lower...