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: August 2013

Is There a VA Loans Version of the FHA Back To Work Program?

Is There a VA Loans Version of the FHA Back To Work Program?

A reader asks, “Will the VA follow the new guidelines the FHA has changed as of this August? The name of it is listed down below. this came down on August 15–FHA Back To Work Program Waives Foreclosure, Bankruptcy, And...

VA IRRRL: Who Can Apply?

VA IRRRL: Who Can Apply?

In recent weeks we’ve fielded several questions from readers about VA loan refinancing with the VA Interest Rate Reduction Refinancing Loan, also known as a VA Streamline Refinance or IRRRL. There are many situations where a borrower might need to...

VA Loan Reader Questions: Refinancing A VA Loan Without the Spouse

VA Loan Reader Questions: Refinancing A VA Loan Without the Spouse

A reader asks, “My wife has moved out, but will not agree to remove her name off deed. What need to know is what can I do in refinancing the VA loan since her name is not signed for the...

VA Loan Myths and Facts On Occupancy

VA Loan Myths and Facts On Occupancy

We’ve received a great deal of questions lately about VA loan occupancy requirements. There are plenty of myths, rumors and half-truths floating around about the nature of VA loans and the occupancy requirement. What do VA loan rules actually say...

VA Loan Reader Questions: Occupancy Requirements

VA Loan Reader Questions: Occupancy Requirements

A reader asks, “I feel like the home I’ve purchased with my VA loan is too big for us right now and I’d like to consider getting into something more our size. I don’t want to sell it because when...

VA Joint Loan Answers: Credit Issues

VA Joint Loan Answers: Credit Issues

When two or more veterans apply for a VA loan together, both or all of the applicants using their VA loan entitlements, the transaction is known as a VA joint loan. There are many reasons why more than one veteran...

VA Loan Eligibility Requirements for Surviving Spouses

VA Loan Eligibility Requirements for Surviving Spouses

The VA official site says surviving spouses of military members who died on active duty or as a result of military service may be eligible for the VA home loan benefit. The first step in claiming this benefit is to...

VA Loan Reader Questions: VA IRRRL Scam?

VA Loan Reader Questions: VA IRRRL Scam?

A reader asks, “My husband relieved a letter saying that they were compelled to notify us that our mortgage with Crescent Mortgage which was bought by Wells Fargo, has been tagged for inclusion in the VA IRRRL program. Then it...

VA Loan Reader Questions: VA Loan Funding Fee Amounts For Second-Time Use

VA Loan Reader Questions: VA Loan Funding Fee Amounts For Second-Time Use

A reader asks, “I am a Navy veteran. I purchased a home during the Spring of this year 2013. We paid a down payment of over 10% but were charged a funding fee of 3.30%. This was a second use...

VA Loan Rules For Joint Loans

VA Loan Rules For Joint Loans

There are some common questions about rules for joint loans between a veteran and non-veteran, or between more than one veteran where all borrowers are using VA loan entitlement. How does the VA handle these situations when it comes to the...