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: April 2012

VA Loan Reader Questions: Maximum Mortgage Amounts

VA Loan Reader Questions: Maximum Mortgage Amounts

A reader asks, "I want to buy a home in Mesa, Maricopa County, Arizona, the zip is 85207. How would I find out the maximum amount of mortgage I could borrow? Is this a jumbo loan area? Are the fees...

VA Loan Reader Questions: How Does Bad Credit Affect My Chances?

VA Loan Reader Questions: How Does Bad Credit Affect My Chances?

A reader asks, "My husband is 100% service connected disabled. We are wanting to inquire about getting a VA home loan...problem being we both have horrible credit. Would we be eligible, or not?" Technically speaking, a VA loan applicant is eligible...

VA Refinancing Loans

VA Refinancing Loans

The VA Lender's Handbook describes two basic types of VA refinancing loans. One is the VA Interest Rate Reduction Refinancing Loan, which features no money back to the buyer and can be done in "streamline" mode for those who already...

VA Loan Reader Question: Will a Lack of Credit History Hurt A VA Loan Application?

A reader asks, "My husband is a veteran with a very good job and we would like to apply for a VA Loan in a few years, but he does not have much when it comes to credit history. We...

VA Loan Questions: VA Loan Funding Fee Exemptions

VA Loan Questions: VA Loan Funding Fee Exemptions

Veterans who receive, or are eligible to receive VA disability benefits are also eligible to be declared exempt from paying the VA loan funding fee. That fee is 2.15 percent of the loan amount for no-money-down VA mortgage loans--a substantial...

VA Loan Reader Questions: Why Can’t I Use My VA Home Loan Benefits?

VA Loan Reader Questions: Why Can’t I Use My VA Home Loan Benefits?

A reader asked us recently, "I bought my first home using a VA loan. I was honorably discharged. I was approved for a two week early release and was told I would receive my full benefits. The home I’m living...

VA Loans: How Many Units Can The Property Have?

VA Loans: How Many Units Can The Property Have?

VA guaranteed home loans have certain restrictions and requirements when it comes to the nature of the property for sale. For example, VA loans require that the property be primarily residential in nature, and no more than 25% of the...

VA Loan Reader Question: Seasoning Periods Following a Non-VA Short Sale

VA Loan Reader Question: Seasoning Periods Following a Non-VA Short Sale

A recent commenter wonders about the minimum "seasoning period" for VA borrowers who have a short sale on their credit history.

Do the VA rules, which require at least a two year wait from the time of a short sale to...

VA Appraisal Rules: What’s The Deadline For a VA Appraisal?

VA Appraisal Rules: What’s The Deadline For a VA Appraisal?

We get many reader comments about VA home loans and are always happy to answer questions about the process. One common question involves the length of time it takes to get a VA appraisal done. Some borrowers want to know...

VA Loan Reader Questions: Can I Do a Short Sale?

VA Loan Reader Questions: Can I Do a Short Sale?

A reader asks, "Our house and property lost about 70,000 in value after the housing market collapsed, and in addition, we have found many things wrong with our house that we can no longer afford to repair. We have a...