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: June 2012

VA Appraisal Issues and Concerns

VA Appraisal Issues and Concerns

Some of the most common questions about the VA appraisal process involve the things an appraiser might write up as needing corrections as a condition of VA loan approval. Some borrowers--and sellers--are confused by areas listed in the VA Minimum...

VA Appraisal Timeliness and Required Corrections: A VA Loan Reader Question

VA Appraisal Timeliness and Required Corrections: A VA Loan Reader Question

A reader asks, "We had a VA appraisal performed on the home that we are purchasing with a VA loan. However, the VA appraiser is not providing anyone with some corrections that need to be performed. The bank tells us...

VA Loan Reader Question: How Do I Get A VA Home Loan?

VA Loan Reader Question: How Do I Get A VA Home Loan?

A reader asks, "I'm trying to understand the process of buying a home with a VA loan. Do I go and find the house that I like first and then apply? Who specifically do I talk to for the loan?...

VA Loans and Verifiable Income: Disability Payments

VA Loans and Verifiable Income: Disability Payments

A reader asks, "Can VA disability payments be considered as income, also I've read somewhere that VA loans to disabled vets are different."

VA loans for veterans with VA-recognized disabilities are different because the Department of Veterans Affairs allows these vets...

Am I Eligible For a VA Home Loan If I’ve Worked Less Than a Year?

Am I Eligible For a VA Home Loan If I’ve Worked Less Than a Year?

VA Loans have specific requirements for credit, income, and employment. When it comes to the VA's employment requirements, the rules state the lender must verify a VA loan applicant's employment status according to what has been listed on the application.

The...

VA Loan Reader Question: Can I Rent Out the Home I Purchased With a VA Mortgage?

VA Loan Reader Question: Can I Rent Out the Home I Purchased With a VA Mortgage?

A reader asks, "How long do you have to occupy the home for? (i.e. what if you move after 6 months?) Do you have to sell/refinance the home or can you rent it with the VA loan still on it?"...

VA Loan Applications: What You Should Know About Reporting Debts

VA Loan Applications: What You Should Know About Reporting Debts

When applying for a VA home loan--or any other type of credit--some borrowers are tempted to leave out certain debts or financial obligations when filling out the paperwork. It's easy to mistakenly assume that simply not reporting these details will...

VA Loan Rules On Down Payments

VA Loan Rules On Down Payments

One of the things many first-time home buyers like about the VA loan program is the zero downpayment option. VA loans are available for "the full reasonable value" of a given property, so in general there is no down payment...

The VA Loan Entitlement

The VA Loan Entitlement

"How much is my VA loan entitlement?" That's one of the most frequently asked questions about VA home loans. If you're new to the program it's good to know such amounts, what they mean, and understand exactly what you're able...

Steps to a VA Home Loan

Steps to a VA Home Loan

On the official site of the Department of Veterans Affairs, there is a list of steps to a VA home loan. You'll find the following advice listed at the VA's Pre-Loan Frequently Asked Questions page:

"Select a home and discuss the...