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: October 2012

VA Loan Refinance Hassles: A Reader Question

VA Loan Refinance Hassles: A Reader Question

A reader asks, "My husband and I are in process of a VA refinance. The company we used came from a flyer in the mail promoting VA refi...but I don't think they know whats going on. They tried adding 6...

Hurricane Sandy and VA Advice on Natural Disasters

Hurricane Sandy and VA Advice on Natural Disasters

With Hurricane Sandy dominating news headlines over the weekend of October 26-28, 2012, it seemed like a good idea to discuss the official VA advice for homeowners and VA loan applicants who are dealing with a natural disaster.

According to the...

Your VA Loan Application Data: Employment and Income

Your VA Loan Application Data: Employment and Income

When an eligible VA borrower fills out an application for a VA home loan, employment and income are two important areas they are required to submit information to be verified by the borrower.

The participating VA lender is instructed by the...

VA Home Loan Numbers on the Rise

VA Home Loan Numbers on the Rise

A recent New York Times article titled, "V.A. Loans Surge in Fiscal Year" points to greater interest in VA loans, which "surged by 50 percent in the fiscal year ended Sept. 30, as tighter credit standards on conventional financing made...

VA Loan Reader Questions: Maximum VA Loan Maturity Dates

VA Loan Reader Questions: Maximum VA Loan Maturity Dates

A reader asks, "I know VA loans can finance up to 30 years. Is there any way to raise the length of the lending time to 32 years?" The VA Lender's Handbook, Chapter Three, has the rules which govern this area....

VA Loan Eligibility For Surviving Spouses and Children of Deceased Veterans

VA Loan Eligibility For Surviving Spouses and Children of Deceased Veterans

Some common VA loan questions include whether the surviving spouse and/or children of a veteran who has passed away could be eligible for VA home loan benefits.

According to the VA official site, "The unmarried surviving spouse of a veteran who...

VA Loan Rules For Non-Military Employment Income

VA Loan Rules For Non-Military Employment Income

VA borrowers who are still serving on active have a comparatively easy time verifying income and employment. That's not to say they don't have paperwork to fill out and details to provide, but anyone serving on active duty has the...

The IRRRL: A Question About VA Refinancing Loans

The IRRRL: A Question About VA Refinancing Loans

A reader asks, "I am a veteran. When I married, I moved into my new wife’s home. She currently has a mortgage and is wanting to refinance. Is it possible for me to apply for a VA loan? Will she...

How VA Growing Equity Mortgages Work

How VA Growing Equity Mortgages Work

Since the housing market crisis of 2008, the idea of a home with growing equity probably sounds like a dream to many; so many home owners are underwater on their mortgages that the idea of a new purchase loan issued...

VA IRRRL Rules: Closing The Loan

VA IRRRL Rules: Closing The Loan

In other blog posts, we've covered an issue surrounding VA Interest Rate Reduction Refinancing Loans--cash back to the borrower. Unlike VA Cash-Out Refinancing, VA IRRRLs don't allow the borrower to take cash out on the loan. The nature of the...