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: January 2012

VA Loan Reader Question: Refinancing From a Conventional ARM to a VA Loan

VA Loan Reader Question: Refinancing From a Conventional ARM to a VA Loan

Borrowers who have VA home loans have an option to apply for either VA cash-out refinancing or VA streamline refinancing loans. But what about borrowers who are currently in conventional loans who want to refinance to a VA mortgage?

One reader...

VA Loan Reader Question: VA Condo Loans and the Right of First Refusal

VA Loan Reader Question: VA Condo Loans and the Right of First Refusal

VA home loans aren't intended strictly for suburban homes. Just as there are a wide variety of housing available, there are VA loans for many of those different types; you can apply for a VA loan to buy a townhome,...

VA Loans and the Lender’s Flat Fee

VA Loans and the Lender’s Flat Fee

In a recent post we covered VA loan fees and expenses the lender is permitted to charge the borrower. One of the reasons the VA describes these fees and expenses is that lenders are not permitted to issue certain charges...

Reader Question: VA Loan Application Processing Time

Reader Question: VA Loan Application Processing Time

There are a number of things a lender must do once an application for a VA home loan has been submitted. For every piece of information submitted on the application--employment data, credit information, current address and other details--there's a verification...

VA Loan Funding Fees and Disabled Vet Status: A Reader Question

VA Loan Funding Fees and Disabled Vet Status: A Reader Question

Just as there are expenses for appraisals, inspections and other parts of the home loan process, there is also something called a VA Loan Funding Fee. It's a cost of doing business on a VA home loan. But some borrowers...

VA Loan Reader Question: VA Loans At Age 90

VA Loan Reader Question: VA Loans At Age 90

The VA loan benefit is made available to all qualifying veterans. Some use it right away, others wait until later in life to invest in a home. And some borrowers buy early, pay off their loans, and decide to look...

VA Loan Reader Question: Refinancing a VA Loan

VA Loan Reader Question: Refinancing a VA Loan

We get plenty of questions about the VA loan process, including what borrowers should do when it comes time to refinance a home loan. One reader asked, "How do I start the process? Should I approach my current lender or...

VA Loan Modification

VA Loan Modification

Borrowers who risk default or foreclosure on VA insured mortgages are encouraged to contact the VA and the lender is quickly as possible in order to avoid a worst-case scenario. The longer a borrower waits to get assistance, the fewer...

VA Loan Reader Question: Do I Qualify For A VA Interest Rate Reduction Refinancing Loan?

VA Loan Reader Question: Do I Qualify For A VA Interest Rate Reduction Refinancing Loan?

Refinancing is a way to lower monthly mortgage payments--something more people are exploring than possibly ever before. Many VA borrowers are exploring the VA Interest Rate Reduction Refinancing Loan option as a way to get lower interest rates, mortgage payments,...

VA Benefits and Veterans with Undiagnosed Illnesses

VA Benefits and Veterans with Undiagnosed Illnesses

A December 29, 2011 press release found on the Department of Veterans Affairs official site on Gulf War Illness has implication for potential VA loan applicants. A press release titled, "Rules Liberalized for Veterans with Undiagnosed Illnesses Application Window Extended for...