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: June 2011

Important Resources for VA Borrowers

Important Resources for VA Borrowers

Are you a first-time home buyer looking for a home to purchase with a VA insured mortgage? If you're in the early stages of considering your VA loan options, chances are you're looking for few places to start your research....

VA Home Loan Dos and Don’ts

VA Home Loan Dos and Don’ts

VA loans can be used for a variety of different real estate purchase options. A VA loan applicant can apply for a typical suburban home, but one of the big "Don'ts" of VA home loans is assuming that you're limited...

How Easy Is It To Apply For VA Loan Eligibility?

How Easy Is It To Apply For VA Loan Eligibility?

Applying for a VA loan can be intimidating for those who have never tried to get eligibility for this important veteran's benefit and start the process. The good news is that once you've chosen a participating VA lender, the loan...

VA Loan Purposes

VA Loan Purposes

Every veteran or current military member who starts looking into how to use their VA home loan benefits quickly learns that VA loans are used to purchase or refinance houses, condominium units, mobile homes, duplexes or multi-family units. A bit...

VA Jumbo Loans and the Certificate of Eligibility

VA Jumbo Loans and the Certificate of Eligibility

When a veteran or current military member wants to apply for a VA home loan, the first step is to request a Certificate of Eligibility or COE from the Department of Veterans Affairs. The COE tells the lender several things. The...

VA Loans Vs. Conventional Mortgages

VA Loans Vs. Conventional Mortgages

VA loans have some different rules and regulations than conventional loans, but there are plenty of ways where the requirements are similar. VA loans offer several advantages over their conventional loan counterparts, but when it comes to applying and being approved...

Basic Requirements For Homes Purchased With a VA Loan

Basic Requirements For Homes Purchased With a VA Loan

There are many questions VA loan applicants ask about the eligibility of certain homes, based on the type of property and the condition it may be in. When it comes to VA insured mortgages, there are local, federal, and VA...

Do My Military Allowances Count As Income for a VA Home Loan?

Do My Military Allowances Count As Income for a VA Home Loan?

Military members who apply for a VA loan must submit their income sources--their military pay and allowances, plus any additional income from part-time jobs or other employment-verification by the lender. VA home loan rules say only regular, dependable income to be...

VA Loans and Foreclosure Scams

VA Loans and Foreclosure Scams

The government aggressively investigates claims of discriminatory lending practices, violations of the Fair Housing Act, and other issues that affect military and civilian home buyers alike, but there's an equally troubling issue facing borrowers in a continually struggling housing market;...

VA Loans, State VA Offices and VA Regional Loan Centers

VA Loans, State VA Offices and VA Regional Loan Centers

A VA home loan is much like many other veteran benefits; in order to take full advantage of your VA benefits there is introductory paperwork, proof of service required, and at least some waiting time included while all that paperwork...