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: February 2012

VA Loans and Final Loan Payoff

VA Loans and Final Loan Payoff

We write a lot about the beginning of the VA home loan process, but not much about the end, when the loan is considered paid in full. What happens when the VA loan is to be paid off?

As we've mentioned...

VA Loan Questions: Can I Use a VA Loan To Landscape My Property?

VA Loan Questions: Can I Use a VA Loan To Landscape My Property?

A reader asks, "I have never used my VA Loan. Can I use my VA benefits to landscape my yard to include installing a fence? If so how do I apply for the loan?" VA home loans have a list of...

VA Loan Reader Question: VA Loan Short Sales

VA Loan Reader Question: VA Loan Short Sales

Homeowners sometimes encounter difficult financial times and in some cases are forced to sell their homes in order to avoid loan default and/or foreclosure. In some cases borrowers--including VA home loan borrowers--choose an option called a short sale. According to...

VA Loan Reader Question: Conventional-To-VA Refinancing

VA Loan Reader Question: Conventional-To-VA Refinancing

A reader got in touch with us recently about VA loan refinancing. He writes, "Looking to refinance a conventional loan with a VA. I have no phone land line. Pre-paid cell phone only. Can only take short calls."

This puts a...

Restricted Uses for VA Home Loans

Restricted Uses for VA Home Loans

VA home loans are intended as a benefit for military service. The Department of Veterans Affairs has designed the program to be used to help qualified military members purchase residences, and includes a set of eligible and ineligible uses for...

VA Loans and Down Payments

VA Loans and Down Payments

One of the most attractive features of a VA home loan is the no-money-down option. The VA Lender's Handbook states, "No downpayment is required by VA unless the purchase price exceeds the reasonable value of the property, or the loan...

Veterans Specifically Named In Historic Home Loan Settlement

Veterans Specifically Named In Historic Home Loan Settlement

A recent Department of Housing and Urban Development press release announced a massive settlement between the federal government and the nation's largest home loan servicers. "...(The) federal government and 49 state attorneys general have reached a landmark $25 billion agreement with...

Historic Settlement Affects Veterans, VA Borrowers

Historic Settlement Affects Veterans, VA Borrowers

The Department of Housing and Urban Development recently announced a historic $25 billion settlement between the federal government and five major lenders over loan servicing and foreclosure abuses. According to a HUD press release, this arrangement offers "substantial financial relief...

Am I Eligible For a VA Home Loan?

Am I Eligible For a VA Home Loan?

One of the most frequently asked questions about VA home loans is, "Am I eligible for a VA insured home loan?" VA mortgages are for former and current members of the U.S. armed forces who qualify under the VA rules for...

VA Loan Reader Question: Foreclosure

VA Loan Reader Question: Foreclosure

A reader recently asked, "Our home is supposed to go into foreclosure due to the fact the mortgage was too high with the 1st and 2nd mortgage and my daughter losing her job, and husband medical history, we had to help...