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: October 2013

The VA Home Loans Appraisal Process: Leaky Pipes and Foreclosed Homes

The VA Home Loans Appraisal Process: Leaky Pipes and Foreclosed Homes

A reader asks, “We are looking at purchasing a bank owned foreclosure. We were just informed that there are leaky pipes in the home and the home has been winterized. We were told by our credit union that the home...

VA Loans With Temporary Interest Rate Buy Downs

VA Loans With Temporary Interest Rate Buy Downs

There is a section of the VA loan rulebook (VA Pamphlet 26-7) that describes the rules for VA loans when the borrower wants something called a “temporary interest rate buy down”. Chapter Seven of VA Pamphlet 26-7 describes this type...

VA Loans and Power of Attorney

VA Loans and Power of Attorney

Military members and their families are likely more familiar with the use of power of attorney procedures than many others–any time a military member is deployed or sent overseas, there’s always a chance that a power of attorney may be...

VA Vendee Financing: A Reader Question

VA Vendee Financing: A Reader Question

In recent days there have been many reader questions about the status of the VA Vendee Financing program. Vendee financing refers to a program where homes originally purchased with VA loans that have gone delinquent, into foreclosure, and repossessed are...

VA Appraisals and Defects: A Reader Question About Home Defects

VA Appraisals and Defects: A Reader Question About Home Defects

A reader asks, “I recently bought a home that had a VA appraisal done, which I thought was also a inspection done per VA requirements (my misunderstanding). 3 weeks after closing and while doing paint work, I found serious rot...

VA Loan Answers: Getting a VA Home Loan Certificate of Eligibility or a Duplicate

VA Loan Answers: Getting a VA Home Loan Certificate of Eligibility or a Duplicate

At the VA official site, there is a frequently asked questions section with a very important question many VA loan applicants or refinance loan applicants want to know. The answer to, “How do I obtain a VA Home Loan Certificate...

VA Loans and the Government Shutdown: A Reader Question

VA Loans and the Government Shutdown: A Reader Question

**UPDATE** The government shutdown has ended for now as of Wednesday night October 16 2013, but the advice in this post is sound, regardless. A reader concerned about the government shutdown asks, “We have a VA loan… I normally pay...

Government Shutdown Ends, VA Loan Processes Continue As Normal

Government Shutdown Ends, VA Loan Processes Continue As Normal

CNN.com’s headline read, “It’s Over, For Now”. With the President’s signature on measures passed by both the House and the Senate, the debt ceiling crisis and partial government shutdown has been resolved. At the moment. CNN reports, “But it’s all...

VA Loans For Non-Veterans? A Reader Question

VA Loans For Non-Veterans? A Reader Question

A reader asks, “My father is veteranĀ  And I was wondering as a non-veteran could I qualify for a V.A. loan for a home?” In general, VA home loans are only for eligible service members (current or former) and in...

VA Announces Special Relief During Government Shutdown

VA Announces Special Relief During Government Shutdown

The Department of Veterans Affairs has issued a new VA Circular announcing special relief for VA borrowers affected by the government shutdown. According to the VA Circular titled, “Special Relief Following the Federal Government Shutdown” the VA has issued a...