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: August 2011

More Facts About VA Specially Adapted Housing Grants for Disabled Veterans

More Facts About VA Specially Adapted Housing Grants for Disabled Veterans

There are several types of VA home loan benefits available to qualifying disabled veterans. Those benefits include special consideration for VA insured mortgages (qualifying disabled vets don't have to pay a VA loan funding fee) and a series of grants...

Facts About VA Specially Adapted Housing Grants for Disabled Veterans

Facts About VA Specially Adapted Housing Grants for Disabled Veterans

The VA offers a range of important benefits for qualifying disabled veterans, including a waiver for the VA loan funding fee and grants for specially adapted housing. Such grants are intended to help veterans with qualifying disabilities purchase specially adapted housing,...

Help For VA Borrowers After Hurricanes and Other Natural Disasters

Help For VA Borrowers After Hurricanes and Other Natural Disasters

VA borrowers affected by Hurricane Irene or other natural disasters should contact the Department of Veterans Affairs as soon as possible to learn what help is available for disaster recovery, VA loan assistance, and help with foreclosure avoidance. VA borrowers...

FHA Changed Its Loan Limits–Are VA Loan Limits Affected?

FHA Changed Its Loan Limits–Are VA Loan Limits Affected?

Recently in the Federal Housing Administration released a statement announcing a lower loan limit for high-cost counties in the most expensive markets. According to a Friday, August 19, 2011 press release, “On October 1, 2011, the Federal Housing Administration (FHA) will...

VA Loan Fees Borrowers Cannot Pay: Brokerage Fees

VA Loan Fees Borrowers Cannot Pay: Brokerage Fees

In recent posts, we've discussed some of the fees VA loan rules say a borrower can and cannot be charged by the lender. Borrowers can be charged a 1% lender's flat fee, for example, which is a typical cost of...

VA Loans Fees: Who Pays HUD/FHA Inspection Fees?

VA Loans Fees: Who Pays HUD/FHA Inspection Fees?

We've been discussing loan fees a borrower can and cannot pay. The Department of Veterans Affairs has rules in place to guide lenders as to what fees and expenses are allowable under the VA insured loan program, and which expenses...

VA Loans and Attorney Fees: Who Pays?

VA Loans and Attorney Fees: Who Pays?

The VA Lender's Handbook contains detailed explanations of fees a borrower may be charged as a part of doing business with a participating lender. Borrowers must pay appraisal feels, closing costs, the VA loan funding fee and a 1% lender's...

VA Loan Options For Mil-To-Mil Spouses Part Two

VA Loan Options For Mil-To-Mil Spouses Part Two

In a previous blog post we discussed VA loan options for mil-to-mil spouses. The term "mil-to-mil" refers to a married couple who are both members of the United States military. There are several options for mil-to-mil couples who want to...

VA Loan Eligibility–Who Can Apply?

VA Loan Eligibility–Who Can Apply?

VA home loans are intended for veterans who meet minimum time in service requirements and/or discharge criteria. The minimum service time is not standardized--much depends on when you served--but there are general guidelines a potential VA borrower can review. The VA...

VA Loan Interest Rate Reduction Refinancing Rules

VA Loan Interest Rate Reduction Refinancing Rules

When a borrower applies for a VA home loan, he or she might not be anticipating a major life change such as a divorce, getting remarried, or getting married for the first time. Over the lifetime of a VA insured mortgage...