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: October 2011

VA Loan Reader Questions: Can I Rent A Home Purchased With A VA Loan?

VA Loan Reader Questions: Can I Rent A Home Purchased With A VA Loan?

VA loan questions come from all different perspectives--this one comes from a very unique angle: "We are looking at leasing a VA home from a friend of ours who is in the military. (The owner) has a VA loan on...

VA Loan Funding Fee Changes For Subsequent Use Loans

VA Loan Funding Fee Changes For Subsequent Use Loans

VA loan funding fees have been a source of confusion for some borrowers since the Department of Veterans Affairs updated VA loan funding fee information earlier in 2011.

There were some initial changes announced by a VA Circular, and later alterations...

Am I Due A VA Loan Funding Fee Refund?

Am I Due A VA Loan Funding Fee Refund?

Due to confusion over VA loan funding fee changes scheduled to take effect on 1 October, 2011, some VA borrowers may have been incorrectly charged VA loan funding fee amounts. In some cases the VA loan funding fee charged was...

VA Loans For Subsequent Use

VA Loans For Subsequent Use

The Department of Veterans Affairs has rules for VA borrowers who want to use their VA home loan benefits a second time. The first-time VA loan applicant is likely not thinking at that moment about how they could use their...

Minimum Property Requirements and Local Requirements For VA Loans

Minimum Property Requirements and Local Requirements For VA Loans

Every so often a reader leaves a comment or question with a common theme: "My lender is telling me the house I want to buy needs X, Y, or Z. Where does it say in the VA loan rules X,...

VA Appraisals–Are They Required For Every VA Loan?

VA Appraisals–Are They Required For Every VA Loan?

In cases where the borrower doesn't agree with the results of an appraisal, the VA has rules on what may be done. According to the official site at www.VA.gov, "Any party of interest to the transaction can submit a request...

No Down Payment VA Loans

No Down Payment VA Loans

One of the most attractive features of the VA insured home loan is the option to get a mortgage without a down payment. The no money down VA home loan is one way first time homebuyers, who are often facing...

Updated VA Loan Funding Fees For Subsequent Use Borrowers

Updated VA Loan Funding Fees For Subsequent Use Borrowers

The Department of Veterans Affairs has issued updated VA loan funding fee information, which changed due to the passage of the Veterans Health Facilities Act Capital Improvement Act of 2011. As a result of the new law, the VA loan...

VA Loan Funding Fees Updated

VA Loan Funding Fees Updated

On October 5, 2011, President Barack Obama signed the Veterans Health Facilities Act Capital Improvement Act of 2011, which includes a provision "resulting in funding fees reverting to the same rates that existed prior to October 1, 2011 for loans...