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: July 2013

VA Loan Eligibility for National Guard Service and VA Home Loans

VA Loan Eligibility for National Guard Service and VA Home Loans

A reader asks, “My husband served in the National Guard and I am wondering if he would qualify for VA benefits…VA loan, hotel discounts, etc.” We can’t comment about anything other than VA loans here, but when it comes to...

VA Loan Rules: Loans Between Veterans and Non-Veterans

VA Loan Rules: Loans Between Veterans and Non-Veterans

One of the most common questions about VA home loans is whether a veteran can get a VA loan with a non-veteran borrower. In situations where someone eligible for a VA insured home loan wants to apply for a mortgage...

VA Loan Reader Questions: Surviving Spouse Eligibility for a VA Loan

VA Loan Reader Questions: Surviving Spouse Eligibility for a VA Loan

A reader asks, “My husband was retired USN. He passed away in 2001. I have not remarried. May I file for VA Loan on his service record?  I have all the necessary paperwork. DD 214- Marriage Cert- Death certif. etc.”...

VA Loan Occupancy Rules: A Reader Comment

VA Loan Occupancy Rules: A Reader Comment

A reader recently left a comment for us that includes the following statement; “Factually, the VA only requires you to live in a home for one year after purchase.  So the “primary residence” argument is bogus.” The Department of Veterans...

The VA Loan Funding Fee: A Reader Question

The VA Loan Funding Fee: A Reader Question

A reader asks, “My husband and I are in the process of purchasing a home. All is going well, except the VA has refused to allow us to get the VA Funding Fee, which amounts to a little over $5,000.00....

VA Loan Rules For Termite Inspections: Condominiums

VA Loan Rules For Termite Inspections: Condominiums

In a recent blog post, we addressed some of the VA loan rules for termite inspections. But did you know that there may be different requirements in this area, depending on the type of property you buy with a VA...

VA Loan Questions: VA Loan Funding Fee Refunds

VA Loan Questions: VA Loan Funding Fee Refunds

A reader asks, “I am in the process of getting a VA loan (July 2013). I will be retiring the end of Sep 2013 and have started the VA disability process (paperwork submitted, waiting on physical). Even though my disability...

Do We Have A Chance With The VA? VA Loan Eligibility

Do We Have A Chance With The VA? VA Loan Eligibility

A reader asks, “My fiance is in the process of getting us our first home. The first lender decided to drop us due to my fiance’s “odd job” and time there. My fiance has 8 years in the Army,  got...

VA Loan Amount: Leftover Loan Money

VA Loan Amount: Leftover Loan Money

One commonly asked question about VA mortgages involves the loan amount–specifically what happens to any “left over money” if the VA loan comes in at an amount higher than the sale price. One reader asks, “…If I don’t use all...

VA Home Loan Fees: The Lender’s Flat Charge

VA Home Loan Fees: The Lender’s Flat Charge

When budgeting for your VA loan expenses, there are several things to anticipate–the appraisal fee, any compliance inspection fees that may be required, the VA loan funding fee, and the lender’s flat charge. The lender’s fee is often misunderstood–knowing it...