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: March 2013

Can I Apply For A VA Home Loan On Good Friday?

Can I Apply For A VA Home Loan On Good Friday?

Many people have Good Friday off today–there are plenty of businesses and services that are closed today–even the New York Stock Exchange is dark on Good Friday as we head into the Easter weekend. But you might be surprised to...

Qualifying For VA Loans

Qualifying For VA Loans

We answer many reader questions about qualifying for VA loans, including eligibility questions. One of the most commonly asked questions about VA home loans involves whether a specific situation disqualifies a borrower from VA loans or whether exceptions may apply....

VA Loan Applicant Eligibility: A Reader Question

VA Loan Applicant Eligibility: A Reader Question

A reader asks, “My son served for 20 months in the US Army. Of that time he was in Germany 1 year and 1 month (2005-2007). Can he qualify for a VA home loan?” The Department of Veterans Affairs has...

VA Loan Answers to Reader Questions: Encroachment

VA Loan Answers to Reader Questions: Encroachment

A reader asks, “My husband & I are under contract for a VA loan for a home that has a barn in the back part of the land. About 2ft of the barn is crossing over as an encroachment onto...

VA Loan Reader Questions: VA Joint Loans

VA Loan Reader Questions: VA Joint Loans

A reader asks, “I was wondering if my father is a Disabled Veteran can I get a loan for a house and him cosign and it be considered a VA loan?” The VA has this to say about the type...

VA Loans and Child Support or Alimony

VA Loans and Child Support or Alimony

One frequently asked question about VA home loans and income verification refers to child support and alimony payments. Does the VA require borrowers to list this income on an application form? Do VA loans require disclosure of the receipt of...

VA Loan Answers: Appraisal Issues

VA Loan Answers: Appraisal Issues

A reader asks, “With VA loans what is customarily involved with the home inspection? Are VA requirements as strict as FHA (i.e. all windows must have storm windows and screens, etc)?” There is a great difference between a home inspection...

VA Loan Answers: Interest Rate Reduction Refinance Loans

VA Loan Answers: Interest Rate Reduction Refinance Loans

The VA Interest Rate Reduction Refinance Loan or IRRRL is a non-cash out refinance option for existing VA mortgages. Though a borrower cannot refinance a conventional or FHA loan with a VA IRRRL, those who have VA mortgages often...

Foreclosure and VA Loan Entitlement: VA Loan Reader Questions

Foreclosure and VA Loan Entitlement: VA Loan Reader Questions

A reader asks, I am confused on entitlement rules. I had a VA foreclosure due to a chapter 7 bankruptcy three years ago. I am sure I will probably owe money toward my entitlement but how would I find out...

VA Streamline Refinancing Loan Amounts

VA Streamline Refinancing Loan Amounts

It's normal for a borrower to ask, "How much can I borrow with a VA Streamline Refinance loan?" The answer, according to the VA official site, is that there is no set dollar amount maximum. Instead, the VA Streamline Refinance...