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: March 2012

VA Loan Questions: Can I Get Money Back From A VA Mortgage?

VA Loan Questions: Can I Get Money Back From A VA Mortgage?

One frequently asked question about VA home loans concerns whether the borrower can receive cash as part of the transaction. For example, if a borrower gets a home loan approved for $250,000 but the sale price of the home turns...

VA Loan Questions: Rehab Loans

VA Loan Questions: Rehab Loans

A reader asks, "Question about simultaneous purchase and rehab: although I've read in the Lender’s Handbook that a veteran can 'simultaneously purchase and rehab a home', it is unclear exactly what “rehab” can be accomplished.

We are buying a foreclosure that...

Reader Question: VA Grants For Home Improvements

Reader Question: VA Grants For Home Improvements

The VA home loan program goes hand-in-hand in some cases with other VA benefits. Did you know the Department of Veterans Affairs offers grants for qualifying disabled veterans that can be used to renovate a home to make it more...

VA Loan Eligibility Questions

VA Loan Eligibility Questions

In order for VA loan applicants to be approved for a VA insured mortgage, they must first establish eligibility with the Department of Veterans Affairs. This is required so that the VA can verify the borrower has met requirements including...

VA Loans, Delinquency, Credit Issues and More

VA Loans, Delinquency, Credit Issues and More

This week we've received a variety of reader comments and questions about credit, delinquency, money troubles, and more. One reader writes,

"I am a disabled veteran, retired US Army. Are there any programs available to Veterans to consolidate credit cards and...

Does The VA Lend Money For Renovations To Make Homes Accessible?

Does The VA Lend Money For Renovations To Make Homes Accessible?

A reader asks, "We filed bankruptcy in 2010 due to medical bills. Both of us are on Social Security Disability. How does this affect our eligibility? Does the VA loan money to remodel a home to better fit...

Reader Question: Was I Treated Unfairly With My VA Loan?

Reader Question: Was I Treated Unfairly With My VA Loan?

A reader asks, "I moved from the Seattle area to Albuquerque, New Mexico, 5 years ago, and was using my VA loan (with my 100% VA disability rating) to purchase a house. My financer said that NM did not pay...

Reader Question: VA Loan Appraisals and Unfinished Rooms

Reader Question: VA Loan Appraisals and Unfinished Rooms

A reader asks about a previously owned home up for sale with some work missing. "...(T)he last owner left the master bathroom unfinished, floor and wall tiles missing, sink, cabinet and toilet not installed but everything is in a closet...

VA Loans and Fair Housing Laws: What You Need To Know

VA Loans and Fair Housing Laws: What You Need To Know

With recent headlines announcing discrimination charges filed against major lenders, landmark foreclosure settlements and other actions taken on behalf of consumers and home buyers, it seems like a good time to review important resources VA loan applicants should know about...

VA Loans For Purchases In Other Countries

VA Loans For Purchases In Other Countries

There are many scenarios potential VA borrowers bring with them to the bargaining table. Some VA borrowers are looking for typical suburban homes, others are looking for VA condo loans, and still others aren't as choosy about the type of...