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: January 2013

VA Loan Questions: Military Pay, Allotments, and Debt

VA Loan Questions: Military Pay, Allotments, and Debt

VA borrowers who are still in the military have several unique aspects of their pay that aren't always a feature of the civilian equivalent. For example, military pay is documented by a Leave and Earnings Statement (LES) which used to be...

VA Loans and Short Sales: A Reader Question

VA Loans and Short Sales: A Reader Question

A reader asks, "I served in the National Guard for 6 years. I had a short sale in December 2010. Would I qualify for a VA loan?"

There's no short answer to a question like this for a variety of reasons,...

VA Loan Fees: Your Most Common Questions and Answers

VA Loan Fees: Your Most Common Questions and Answers

When a borrower has found the perfect home, has made an offer, and the seller has accepted, the VA loan process moves into the phase where things start moving toward the closing date. Once the borrower's loan has been approved...

VA Appraisal Questions and Answers

VA Appraisal Questions and Answers

The appraisal process is critical when it's time to purchase a home with a VA mortgage. Without the appraisal, there can be no loan approval, so it's good for borrowers to understand how the VA appraisal system works (and that...

VA Loan Credit Requirements: Loans With Your Spouse

VA Loan Credit Requirements: Loans With Your Spouse

A reader asks, "I would like to know if i can apply for a VA loan as a spouse jointly with my husband. He is in the reserve but he does not have the credit score required for VA loan...

VA Loan Reader Questions: Titles, Deeds and Property Taxes

VA Loan Reader Questions: Titles, Deeds and Property Taxes

A reader asks, “I refinanced my home with a VA loan (in) 2011. At that time I was informed that I needed to divide my home from another piece of property which had a home on it because my VA...

VA Loans and Home Inspections

VA Loans and Home Inspections

There are two very important parts of the VA home loan process borrowers should know about. One is mandatory, one is optional, but both should definitely happen in spite of the associated costs involved.

Some VA loan applicants don't realize that...

VA Loan Reader Questions: VA Loans For Business Purchases?

VA Loan Reader Questions: VA Loans For Business Purchases?

A reader asks, "I will be getting out of active duty this summer. I am a 1LT in the Army looking to start my own business. The business I am looking to purchase is two levels: the first is a...

VA Loan Refinancing Fees For “Other Refinancing Loans”

VA Loan Refinancing Fees For “Other Refinancing Loans”

In the past we've covered a wide range of refinance loan topics here, including the associated fees and charges that come with refinancing a VA mortgage. The VA has rules not only about these fees and charges, but also which...

VA Loan Refinancing Rules: A Reader Question

VA Loan Refinancing Rules: A Reader Question

We get many reader questions about VA loans, but not all of them come via our comments section--some come from our VA Loans Facebook page. Here's one of those recent questions:

A reader asks, "Can a non-spouse ever be a co-signer...