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: March 2011

VA Loans: When Disaster Strikes

VA Loans: When Disaster Strikes

In previous blog posts we've covered issues related to natural disasters and VA mortgages. The Department of Veterans Affairs has resources available to help borrowers in declared disaster areas--one of the most important kinds of assistance the VA offers VA...

VA Loan Facts–Foreclosure, and Natural Disasters

VA Loan Facts–Foreclosure, and Natural Disasters

It's easy to make assumptions about VA home loans affected by natural disasters--rumors, half-truths and outdated information can hurt an uninformed borrower in a time of need. VA loan policies in one area do not necessarily translate into other circumstances....

VA Loans: Basic Requirements for Homes Purchased with VA Loans

VA Loans: Basic Requirements for Homes Purchased with VA Loans

When a VA loan applicant finds a suitable home, it must be appraised to establish the reasonable market value of the property, but also to make sure ht home lives up to VA standards called Minimum Property Requirements. The VA...

VA Loan Appraisals for Home Improvements

VA Loan Appraisals for Home Improvements

VA borrowers often apply for VA home loans for improvements, repairs or alterations to a property owned and occupied as the borrower's primary residence. A VA refinancing loan is a good example, especially if the borrower is applying for a...

VA Loan Rules for Co-Borrowing and Refinancing

VA Loan Rules for Co-Borrowing and Refinancing

VA loans to individual borrowers are, despite any learning a first home home buyer must do when applying for the VA mortgage, relatively simple compared to the process required to authorize a VA loan to two or more borrowers. When...

VA Loans: The Seasoning Period Following A Short Sale

VA Loans: The Seasoning Period Following A Short Sale

In recent blog posts, we've covered topics related to foreclosure, and how to avoid foreclosure on a VA home loan. One way to avoid foreclosure proceedings on a home purchased with a VA mortgage is to put the property up...

VA Loans: Why It’s Important to Avoid Foreclosure Proceedings

VA Loans: Why It’s Important to Avoid Foreclosure Proceedings

Nobody applies for a VA home loan thinking about default or foreclosure as a possibility. But circumstances can change; spouses lose jobs, military people can be affected by reduction-in-force cuts, and rising prices on food and gas can make it...

What VA Appraisers Look For: Part Two

What VA Appraisers Look For: Part Two

In our last blog post we discussed VA appraisals and what the VA appraiser looks for when reviewing the home. An important issue when reviewing some properties is the overall nature of the building. VA loan rules state a property may...

VA Grant 2101(a) For Disabled Veterans

VA Grant 2101(a) For Disabled Veterans

VA Grant 2101(a) is among the Department of Veterans Affairs programs and policies designed to help qualifying disabled military veterans purchase specially adapted housing or modify an existing structure to include accessibility features. The Department of VA has qualifying criteria...

Does the VA Offer MPR Waivers?

Does the VA Offer MPR Waivers?

In our last blog post we talked about one of the most critical aspects of the VA home loan process--the appraisal. The VA appraisal is required to establish fair market value of the property, and to insure the home and...