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: November 2011

VA Loan Funding Fees For Loans Closed On Or After November 22, 2011

VA Loan Funding Fees For Loans Closed On Or After November 22, 2011

With the passage of HR 674, the Vow To Hire Heroes Act, changes to the VA loan funding fee structure were implemented as part of that bill. According to VA Circular 11-26-19, Section 265 of the act raises funding...

VA Loan Funding Fees For Loans Closed November 18 Through November 21, 2011

VA Loan Funding Fees For Loans Closed November 18 Through November 21, 2011

One of the most confusing aspects of the VA loan funding fee changes that took effect on November 22, 2011 is how much a borrower must pay for the VA loan funding fee if the VA loan closed between November...

VA Loan Funding Fee Update

VA Loan Funding Fee Update

The Department of Veterans Affairs has updated the VA Loan Funding Fee structure and issued new guidance to lenders about how funding fee payments are handled. President Barack Obama signed H.R. 674, The Vow To Hire Heroes Act, which modified...

VA Issues Funding Fee Update

VA Issues Funding Fee Update

VA Circular 26-11-18 provides some much-needed new information regarding the VA loan funding fee issue, which has been a source of concern for many veteran VA loan applicants trying to purchase homes within the window of proposed funding fee changes.

According...

VA Loan Advice For Those Affected By Natural Disasters

VA Loan Advice For Those Affected By Natural Disasters

It may seem late in the year to write about natural disasters and their effects on VA borrowers, but as late November 9, 2011 the Department of Housing and Urban Development made announcements regarding federal help for disaster victims in...

Confusion Over VA Loan Funding Fees

Confusion Over VA Loan Funding Fees

We've had a record number of reader questions and comments about the VA loan funding fee issue, and it's easy to understand why VA loan applicants are frustrated. Changes in the VA loan funding fee structure can change the borrower's...

VA Home Loan Questions: What About Termite Inspections?

VA Home Loan Questions: What About Termite Inspections?

When it comes to VA appraisals, minimum property requirements and VA regulations on "wood destroying pests", the VA only requires pest inspections on existing construction when there’s a “moderate to heavy” potential for infestation.

How does the Department of Veterans Affairs...

VA Loan Myths: Debt Consolidation Loans and Other Non-Mortgage Borrowing

VA Loan Myths: Debt Consolidation Loans and Other Non-Mortgage Borrowing

In the past month, several readers have asked us questions about VA loans and whether VA insured loan products are available outside VA mortgage loans. One recent question: "Could my husband use his Certificate (of Eligibility) to get a debt consolidation...

VA Loan Funding Fees After November 18, 2011

VA Loan Funding Fees After November 18, 2011

Recently we reported a VA update to the VA loan funding fee changes scheduled to take effect on November 18, 2011. According to VA Circular 26-11-17, “…absent Congressional action, funding fees for most loans will decrease on November 18, 2011. ...

VA Update on Future VA Loan Funding Fee Changes

VA Update on Future VA Loan Funding Fee Changes

In October 2011, the VA issued an announcement about changes to the VA loan funding fee program. Those changes included new, lower rates for the VA loan funding fee scheduled to take effect for loans on or after November 18,...