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: August 2012

VA Loans and Divorce: A Reader Question

VA Loans and Divorce: A Reader Question

A reader asks, "I am applying for a VA loan and easily meet all the requirements. All my financial documents, paystubs, tax forms, retiree pension, bank statements, show that I am single."

I have been divorced for about 15 years...

VA Loan Rules For Employment, Income: A Reader Question

VA Loan Rules For Employment, Income: A Reader Question

A reader asks, "I have been at my current job for 18 months. Prior to this I was in school under Chapter 31 Vocational Rehabilitation. I receive service-connected disability payments, and was receiving Social Security disability. Would these circumstances create...

VA Loan Minimum Property Requirements: A Reader Question

VA Loan Minimum Property Requirements: A Reader Question

A reader asks, "What are the heating requirements for a home loan? Is it required to have heat in each room?"

VA loan minimum property requirements for issues like these are not as simple as "the VA rules require A, B,...

VA Loan Reader Question: Is Landlord Experience Required For Multi-Family Properties?

VA Loan Reader Question: Is Landlord Experience Required For Multi-Family Properties?

A reader asks, "I’m trying to purchase a three-unit and live in one. I don’t have any property management experience can I still qualify for a va loan for this property? Does it only apply if a buyer intends to...

VA Loans: Basic Requirements

VA Loans: Basic Requirements

One misconception about VA guaranteed home loans is that once the borrower has filled out VA Form 26-1880 (Request for a VA Certificate of Eligibility) and received his or her VA Certificate of Eligibility (also known as a COE), the...

Can the VA Help Get Me a Home Loan? Reader Questions

Can the VA Help Get Me a Home Loan? Reader Questions

A reader asks, "We live in a manufactured home in NV. We have a 1st and 2nd on it at the present time. What we are trying to do is get the first and 2nd paid off and qualify to...

VA Home Owners in Federal Disaster Areas

VA Home Owners in Federal Disaster Areas

Recently, the President declared federal disaster areas in three states; Montana, Maryland, Wisconsin all have counties which are now officially recognized as disaster areas. Those are in addition to earlier declarations for counties in Virginia, Minnesota, New Jersey and elsewhere....

VA Home Improvement Loans?

VA Home Improvement Loans?

One of our recent posts included a reader question about VA loans for home improvements. The reader asked, "Can we get a loan for home improvements. For example, paint, carpet, and tile floor repairs, ect.?"

As we mentioned in the original...

VA Loan Reader Questions: VA Loan Limit Increase?

VA Loan Reader Questions: VA Loan Limit Increase?

A reader asks, "I heard the VA limit is increasing for SAN DIEGO COUNTY in 2012. Is there any confirmation of that?" The Department of Veterans Affairs recently published revised VA loan maximum guaranty limit, which have changed because of the...

VA Loan Reader Question: Foreclosed Properties

VA Loan Reader Question: Foreclosed Properties

A reader asks, "My buyer has been told by his credit union that VA does not finance foreclosed properties in Alabama until the one year right of redemption is removed. Is this true? I can find nothing on the subject."

This...