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: December 2013

Happy New Year!

Happy New Year!

We pause now from our usual discussion of VA home loans and answering reader questions to celebrate New Year’s Eve and New Year’s Day. Our regular posting schedule returns on Thursday, January 2, 2014. Thanks so much for reading in...

Paying Off a VA Home Loan: A Reader Question

Paying Off a VA Home Loan: A Reader Question

A reader asks, “I want to pay off my VA home loan. Do I have to fill out any papers or forms with the VA when I repay this loan?” When you pay off a VA home loan, you’re making...

Happy Holidays!

Happy Holidays!

Seasons Greetings from all of us at VA Loan News Blog! We pause from our usual writing and answering reader questions to enjoy the holiday season. Our regularly scheduled posts return on Thursday December 26, 2013. Thank you for reading...

Department of Veterans Affairs Posts VA Loan Limits For 2014

Department of Veterans Affairs Posts VA Loan Limits For 2014

The Department of Veterans Affairs has posted the VA loan lending limits chart for 2014. According to VA Circular 26-13-28, the new limits apply to new purchase home loans and not to VA Streamline Refinancing/VA IRRRLs. “The county loan limits...

VA Occupancy Rules: A Reader Question About the VA Loan

VA Occupancy Rules: A Reader Question About the VA Loan

A reader asks, “If you currently have a mortgage in one state not using your VA eligibility and are considering a move to another state and would like to buy a house using the VA loan but have not yet...

VA Loan Reader Questions: Roof Replacement

VA Loan Reader Questions: Roof Replacement

A reader asks, “Is there a requirement for the roof to be a certain number of years for the VA. I have a home I am looking at that has the original roof on it from 1987. Does the VA...

VA Income Requirements for Loans: Verifiable Income Only

VA Income Requirements for Loans: Verifiable Income Only

In our previous post we discussed VA loan requirements for employment and income. One thing we mentioned briefly are¬†the VA income¬†requirements that lenders use only “verifiable” income to calculate the borrower’s creditworthiness, plus the debt-to-income ratio. What does this mean?...

VA Minimum Property Requirements For Homes To Be Purchased With VA Loans

VA Minimum Property Requirements For Homes To Be Purchased With VA Loans

VA loan rules for appraisals include something known as VA Minimum Property Requirements or MPRs. These MPRs are only part of the rules that apply to a home to be purchased with VA mortgage loans–state and local building codes must...

Restoring Previously Used VA Loan Entitlement

Restoring Previously Used VA Loan Entitlement

When you use your VA loan benefits for the first time, there is no question about the amount of entitlement you have once your eligibility for the loan has been established. But what about those who have taken out VA...

VA Loan Occupancy Rules

VA Loan Occupancy Rules

Occupancy is one of the primary requirements of the VA home loan program–the home purchased with a loan guaranteed by the Department of Veterans Affairs must be used for the borrower’s “personal occupancy” according to VA loan regulations. Investment property,...