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

VA Joint Loans: Occupancy Rules

VA Joint Loans: Occupancy Rules

In recent blog posts we've discussed VA joint loans, which includes VA mortgages issued to one veteran and one civilian who is not a spouse. Joint loans can also include the veteran and spouse who is also a veteran,...

VA Joint Loans: Rules for Engaged Couples

VA Joint Loans: Rules for Engaged Couples

The VA has many rules and regulations covering eligibility for VA home loans, including situations where a veteran wants to borrow with another person. Joint loans can be made to a veteran and non-veteran, a veteran borrowing with a fellow...

VA Loans: Refinancing Loans and VA Loan Eligibility

VA Loans: Refinancing Loans and VA Loan Eligibility

A borrower who purchases a home using a VA insured loan may want to refinance the loan at some point. When it's time to explore options, borrowers can choose between VA cash-out refinancing loans and Interest Rate Reduction Refinancing. There...

VA Loans and Natural Disasters: Insurance Coverage

VA Loans and Natural Disasters: Insurance Coverage

In the wake of many natural disasters across the United States including tornadoes in western Massachussettes and flooding along the Missouri River, it's a good time to review the VA policies regarding insurance requirements on VA insured mortgage loans. When headlines...

Who Can Get a VA Home Loan?

Who Can Get a VA Home Loan?

When discussing VA home loans, it's easy to assume the benefit is for active duty service members only, but in reality there are a lot of people who can apply for VA loan eligibility. While it's true that active duty...

Do You Live in a VA Jumbo Loan County?

Do You Live in a VA Jumbo Loan County?

For typical VA home loans, the loan limit is based in part on something known as the county loan limit. That limit is normally $417 thousand, except in areas the VA has designated as high-cost counties. These areas have higher...

VA Loans: Can I Use a HUD Value Notice Instead of a VA Appraisal?

VA Loans: Can I Use a HUD Value Notice Instead of a VA Appraisal?

When a house hunter looks for a house, has one appraised by a VA-assigned appraiser, and decides not to purchase the home after all, another veteran could get the benefit of that VA appraisal if they commit to buying the...

VA Loan Fees and Charges–What Happens If The Loan Never Closes?

VA Loan Fees and Charges–What Happens If The Loan Never Closes?

In the house hunting process, buyers who want to purchase a home with a VA mortgage have plenty of options all the way up to the time of closing. Those options include terminating the purchase of the home if the...

Who Is Eligible for a VA Jumbo Loan?

Who Is Eligible for a VA Jumbo Loan?

A VA Jumbo loan might be at or under the VA loan county limit, but those that exceed the county limit require a down payment. In such cases, the VA Jumbo Loan rules state that the borrower pays 25% down...