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: January 2014

Refinance A Conventional Mortgage To A VA Mortgage

Refinance A Conventional Mortgage To A VA Mortgage

Eligible veterans and currently serving military members can refinance a conventional home loan to a VA mortgage, AND get cash back on the loan where applicable. If you don’t know about the VA Cash Out Refinancing mortgage, now is a...

VA Loan Approval: Credit Scores and More

VA Loan Approval: Credit Scores and More

Borrowers new to the VA loans program or new to buying a home in general may worry that their credit scores aren’t good enough to qualify for a VA mortgage. One type of question we answer most frequently in the...

VA Loan Income Requirements: What You Should Know

VA Loan Income Requirements: What You Should Know

VA loans have minimums established by the Department of Veterans Affairs to insure a borrower’s creditworthiness and to determine the applicant’s ability to repay the loan. While the lender may have additional standards or requirements, the VA loan income requirements...

Happy Martin Luther King, Jr. Day!

Happy Martin Luther King, Jr. Day!

Monday, January 20th is Martin Luther King, Jr. Day–banks are closed and we pause in our regular writing about the VA loan program, and answering reader questions to observe the holiday. It’s true that we don’t stop posting for every...

How To Get A VA Certificate Of Eligibility

How To Get A VA Certificate Of Eligibility

The first step to getting a VA home loan is applying for your VA Certificate of Eligibility or VA COE. The COE is not a notice of VA loan approval, but rather the borrower’s basic eligibility to apply for a...

VA Loans For Land? A Reader Question

VA Loans For Land? A Reader Question

A reader asks, “Would the VA approve a loan for me to buy land (50 acres) and start building on it 01 July 2018?” The VA Lender’s Handbook, Chapter Three, addresses this issue in the section titled, “Eligible Loan Purposes”....

Does the VA Approve Loans For Veterans Who Want To Borrow With A Non Veteran?

Does the VA Approve Loans For Veterans Who Want To Borrow With A Non Veteran?

VA home loans that involve a veteran and spouse are processed differently than a VA loan between an eligible veteran and a non-veteran who isn’t a spouse. VA loans give a married couple equal treatment–the marriage relationship entitles the couple...

VA Streamline Loans for Surviving Spouses

VA Streamline Loans for Surviving Spouses

Recently we’ve had some questions about who might be eligible for a VA home loan benefit besides the veteran–we’ve been asked if siblings or children of veterans who have passed away can qualify for VA loan benefits. The VA loan...

Your VA Loan Eligibility: What Is COE?

Your VA Loan Eligibility: What Is COE?

Recently we fielded a reader question from our Facebook page about the VA Certificate of Eligibility (COE). The reader basically wanted to know, “What’s the VA Certificate of Eligibility for?” The VA Lender’s Handbook, Chapter Two sheds some light on...

VA Loan Reader Questions: Two VA Home Loans At Once?

VA Loan Reader Questions: Two VA Home Loans At Once?

A reader asks, “I purchased a home in 2009 for 121k using my VA. It now has a remaining balance of $115k. I now find I need to move to another town and would like to buy a new home...