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: September 2013

VA Loan Service Requirements For Guard and Reserve Members

VA Loan Service Requirements For Guard and Reserve Members

Recently we’ve gotten several reader questions about the VA loanĀ service requirements proofs and proof of eligibility requirements members of the Guard and Reserves must meet to become eligible for a VA insured mortgage. The VA Lender’s Handbook, VA Pamphlet 26-7,...

VA Loans and Your Credit: What You Need to Know

VA Loans and Your Credit: What You Need to Know

Some who are new to their VA loan benefits might confuse being eligible to apply for a VA mortgage loan with actual approval of the VA loan itself. However, the Department of Veterans Affairs spells out in VA Pamphlet 26-7...

VA Loan Benefits vs. The GI Bill: A Reader Question

VA Loan Benefits vs. The GI Bill: A Reader Question

A reader asks, “I was discharged from the Army in 1978 after 8 years of service. I never used the GI Bill to buy property, just to go to school. Am I still able to use the GI Bill to...

VA Refinancing Loans: A Reader Question

VA Refinancing Loans: A Reader Question

A reader asks, “I was and still am an unmarried vet. Can I now refinance just to see if I can get a lower rate/mortgage payment?” The short answer is yes. A borrower’s marital status has nothing to do with...

VA Loan Employment Requirements: A Reader Question

VA Loan Employment Requirements: A Reader Question

A reader asks, “What are the eligible resources that may be used as proof of income besides pay check stubs or W-2 forms? If someone has a guaranteed job once they separate from active duty military and the only source...

Happy Labor Day!

Happy Labor Day!

Today we take a pause from our usual discussion of VA loans and related issues to celebrate Labor Day. We’ll return with our usual posts tomorrow. Thank you very much for reading and enjoy your holiday!...