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: February 2011

VA Loan Entitlement Questions

VA Loan Entitlement Questions

In my last post we examined foreclosure issues as they relate to VA loan eligibility. You can't get VA loan eligibility restored if you owe the government money because it paid off a claim on your VA mortgage--you must pay...

VA Loans for Surviving Spouses of Veterans Who Died as a Result of Military Service

VA Loans for Surviving Spouses of Veterans Who Died as a Result of Military Service

There are three sets of VA loan eligibility categories. This is because the requirements for verifying a veteran's eligibility for a VA insured home loan differ depending on circumstances, including the dates of service, what type of military service is...

VA Loan Myth: Refinancing Loans Always Result In Lower Payments

VA Loan Myth: Refinancing Loans Always Result In Lower Payments

Refinancing a VA home loan is an excellent way to avoid loan default or foreclosure or simply restructure finances to put the borrower in a better economic position. Even in the case of VA Streamline Refinancing, where the rules state that...

How Do Veterans Who Have Served On Active Duty Apply For VA Loan Eligibility?

How Do Veterans Who Have Served On Active Duty Apply For VA Loan Eligibility?

The very first step to getting a VA home loan is to apply for a VA Certificate of Eligibility. Veterans who have served the proper minimum time in service for their status as regular active duty, or Reservists and National Guard members who...

VA loans: Flood Zones, Hazard Insurance and Survey Fees

VA loans: Flood Zones, Hazard Insurance and Survey Fees

The Department of Veterans Affairs has a list of fees and charges a VA loan applicant may pay, a list of fees they are not allowed to be charged, and the conditions which both may be subject to depending on...

VA Loans: Interpreting Your Employment and Income Data

VA Loans: Interpreting Your Employment and Income Data

There can be some mystery when applying for a VA loan, especially if it's your first time. How does the lender interpret the information you enter on a VA mortgage loan application? Is there an arbitrary system the lender compares...

Assistance For Vets with Conventional or Sub-Prime Home Loans

Assistance For Vets with Conventional or Sub-Prime Home Loans

There is plenty of help and counseling available for VA borrowers should they get into trouble with their VA mortgages. But what about veterans who have borrowed money for conventional or sub-prime loans? Is there any help for them? Fortunately the...

How the VA Loan Guaranty Works

How the VA Loan Guaranty Works

First time borrowers and newcomers to the VA home loans program learn a lot about the VA loans process when starting the process. Certain myths have to be dispelled--the most popular one being that the VA itself is the source...

Starting a VA Home Loan

Starting a VA Home Loan

When a veteran wants to start a VA mortgage loan, the first thing they're asked to do is to provide, or apply for, a VA Certificate of Eligibility. Some first-time home buyers don't come to the application process with the COE in...

VA Rules on Verifiable Income: Commissions

VA Rules on Verifiable Income: Commissions

In our last blog post we discussed the VA requirements for verifiable income. When a borrower applies for a VA home loan they must list all sources of income that could be used to establish the borrower's debt to income...