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: July 2012

VA Loan Reader Question: 100% Cash Out VA Loan Refinancing

VA Loan Reader Question: 100% Cash Out VA Loan Refinancing

A reader asks, "Can you do 100% cashout VA loan on a primary residence property zoned AR3? If not, can you do any VA loan on a primary residence property zoned AR3? This means the property is used for rural...

VA Appraisal Rules: What Kind of Electrical Systems Are Acceptable?

VA Appraisal Rules: What Kind of Electrical Systems Are Acceptable?

When a VA fee appraiser reviews property as part of the appraisal process, he or she is required to list items that require correction or other action to bring the property in compliance with VA minimum property requirements.

For some sellers...

VA Loan Questions: VA Funding Fee Exemptions for Disabled Veterans

VA Loan Questions: VA Funding Fee Exemptions for Disabled Veterans

A reader asks, "I was told when I separated from the US Air Force that I was eligible for a VA funding fee refund because I am a 90% disabled vet. Is that true and if so where do I...

VA Loans and Natural Disasters: Colorado, Minnesota, and Florida

VA Loans and Natural Disasters: Colorado, Minnesota, and Florida

Everyone has seen the recent headlines about natural disasters in Colorado, Minnesota, and Florida. Whether it's forest fires, Tropical Storm Debbie, or thunderstorms and flooding, all three of these areas have many things in common--including the presence of veterans who...

VA Loans For Manufactured Homes? A Reader Question

VA Loans For Manufactured Homes? A Reader Question

A reader asks, "I am interested in purchasing a home that has an additional manufactured home on it for my family to live in. I am getting the response that manufactured homes don't qualify, yet (one of your articles) states...

VA Loan Reader Questions: Siding, Drywall, and other Appraisal Issues

VA Loan Reader Questions: Siding, Drywall, and other Appraisal Issues

A reader asks, "I've found a home in foreclosure at what I feel to be fair or even better. However there are two places at the base of the siding which have slight rot going up an inch or...

VA Loan Reader Question: Occupancy Requirements and Second Homes

VA Loan Reader Question: Occupancy Requirements and Second Homes

A reader asks, "My husband works in one city where we would like to buy a condo using a VA loan. We also own another condo in another state and we spend equal time residing in both states. ...

VA Loan Reader Question: What Happened to VA Vendee Financing?

VA Loan Reader Question: What Happened to VA Vendee Financing?

A reader recently asked, "Any word on when the VA Vendee Loan program will return?"

When homes purchased with a VA guaranteed mortgage loans go into foreclosure, the Department of Veterans Affairs ends up owning these properties and later putting them...

VA Loan Costs

VA Loan Costs

When a borrower applies for a VA loan for the first time, it's not uncommon to proceed without thinking about the overall cost of the VA mortgage above and beyond the sale price of the home.

One of the most important...

VA Home Loan Advantages

VA Home Loan Advantages

The Department of Veterans Affairs recently updated its official site to include an on-line version of its publication, "VA Home Loans - A Quick Guide For Homebuyers and Real Estate Professionals".

This guide outlines some of the most important features of...