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: February 2013

VA Loan Reader Questions: Debt To Income Issues

VA Loan Reader Questions: Debt To Income Issues

Does the nature of a borrower's debt affect how the lender interprets the VA loan applicant's debt-to-income ratio? One reader asks, "Part of the reason for my debt was home repairs, which were badly needed. Then I had to have cataract...

VA Loan Reader Questions: No-Credit Check Refinancing?

VA Loan Reader Questions: No-Credit Check Refinancing?

A reader asks, "Now I heard that when doing a refinance that there is no credit check, income verification, appraisal...is this true for VA loans?" VA home loans can be refinanced in more than one way, but only one of those...

VA Loans, Title Rules and Related Issues

VA Loans, Title Rules and Related Issues

Some borrowers want to know whether the VA requires title insurance; you may be working with a lender that requires such insurance--is that the financial institution's option or does the VA loan rulebook require it?

According to VA Pamphlet 26-7, Chapter...

VA Loan Questions: Farm Loans

VA Loan Questions: Farm Loans

One question that comes up occasionally in our comments section has to do with VA loans for farm residences. Does the VA offer a home loan guaranty for farms?

Yes and no. The VA does not guaranty loans to purchase farm...

VA Loans For Land Purchases: A Reader Question

VA Loans For Land Purchases: A Reader Question

A reader asks, "I have read different things stating the use of a VA loan. I want to buy a lot that is already developed in a subdivision and then build a house on it to use as our primary...

VA Loan Rules on “Duplicate Fees”

VA Loan Rules on “Duplicate Fees”

The VA loan program has a set of rules and guidelines for lenders on the fees and charges a veteran borrower may--and may not--pay as part of the expense of buying a home with a VA guaranteed mortgage.

One important rule...

VA Cash-Out Refinance Loan Options

VA Cash-Out Refinance Loan Options

It's easy to assume the wrong things about VA refinance loans, but once you understand the rules for programs like VA cash-out refinancing, it's easy to see what your options are for a refinance loan. For example; VA cash-out refinance loans...