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: April 2011

VA Loan Down Payment Facts Part Two

VA Loan Down Payment Facts Part Two

In recent blog posts we've discussed why a borrower might want to put a downpayment on a no-money-down VA home loan. While it's true that borrowers who are eligible for a no-downpayment VA loan can save some money up front...

VA Home Loan Downpayment Facts

VA Home Loan Downpayment Facts

When comparing three different types of home loans, it's easy to see why veterans often choose a VA insured mortgage over an FHA loan or conventional mortgage. The down payment issue is one area where VA loans have a clear...

VA Loans: Can A Self-Employed Person Get a VA Home Loan? Part Two

VA Loans: Can A Self-Employed Person Get a VA Home Loan? Part Two

In our last blog post we discussed VA loans for self-employed and freelance workers. The Department of Veterans Affairs does have provisions for veterans who are self employed and want to get a VA guaranteed home loan. Just because a...

Can A Self-Employed Person Get a VA Home Loan? Part One

Can A Self-Employed Person Get a VA Home Loan? Part One

One of the important parts of a VA loan application is income verification. VA rules state income must be stable, reliable, and "likely to continue" in order for an applicant to be approved for a VA mortgage. For those currently...

VA Loans, Income Verification and Frequent Job Changes

VA Loans, Income Verification and Frequent Job Changes

In recent posts we've discussed the rules for VA home loans where income verification is concerned. Self-employed, freelance, and recently discharged veterans are all able to be considered for VA home loans even when their income may not necessarily conform...

VA Loans: Why Can’t I Borrow the Maximum Loan Amount?

VA Loans: Why Can’t I Borrow the Maximum Loan Amount?

Borrowers new to the VA loan process may have trouble understanding one of the finer points of VA loans--the maximum loan amount (set by county) versus what the borrower is actually permitted to borrow. There are three factors at work...

VA Loan Limit Facts

VA Loan Limit Facts

VA loan applicants have several factors that are combined to determine how much of a VA loan they can be approved for; those factors include how much VA loan entitlement is available for use, how much a potential home is...

VA Appraisals and Hazardous Conditions

VA Appraisals and Hazardous Conditions

The Department of Veterans Affairs has an appraisal system in place that insures that properties to be purchased with VA home loans live up to the VA minimum property requirements and are safe to live in. VA rules covering hazards...

What Can I Do With a VA Home Loan?

What Can I Do With a VA Home Loan?

There is a long list of approved uses for a VA home loan. Many vets and active duty military members start off thinking about traditional suburban homes when it's time to prepare to make a VA mortgage loan application, but...

VA Loan Appraisals: What’s The Difference Between The VA Appraiser and the Bank’s Staff Appraisal Reviewer?

VA Loan Appraisals: What’s The Difference Between The VA Appraiser and the Bank’s Staff Appraisal Reviewer?

When a borrower chooses a home to be purchased with a VA insured mortgage, the property must be appraised so it can be assigned fair market value and a loan amount can be determined. But the process isn't as simple...