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: February 2014

What Happens If A VA Home Loan Applicant Decides Not To Close The Loan?

What Happens If A VA Home Loan Applicant Decides Not To Close The Loan?

There are many situations where a VA home loan applicant might start the process of applying for a VA home loan, but have a change of mind (or circumstance) along the way and decide to cancel the loan before signing...

VA Loan Fee Rules

VA Loan Fee Rules

VA Loan fees are a typical part of doing business with a VA home loan. If you buy any type of property with a home loan, there are associated fees and expenses to deal with. With VA loans, these fees...

VA Loan Reader Questions: Restoration of VA Loan Entitlement

VA Loan Reader Questions: Restoration of VA Loan Entitlement

A reader asks, “I’ve paid off my VA loan. How long does it take to get my entitlement restored so I can buy a new home?” VA loan entitlement restoration is not automatic–it must be applied for as per the...

VA Loan Reader Questions: Buying A Second Property With A VA Home Loan

VA Loan Reader Questions: Buying A Second Property With A VA Home Loan

A reader asks, “I have a house next to me that I want to buy. I have never used my VA loan before and I want to buy this house to keep in my family. Can I buy it or...

VA Loan Questions: Time On The Job

VA Loan Questions: Time On The Job

A reader asks, “I was told being on job probation the VA will not insure for my home loan. And because I do not have any past employment history besides the 8 years I served in the Marine corps ....

VA Loan Answers: What Are “Eligible VA Loan Purposes?”

VA Loan Answers: What Are “Eligible VA Loan Purposes?”

In our last blog post we discussed the eligible purposes of a VA home loan. Many borrowers want to know if VA loans are available for home improvements, business concerns, undeveloped land or farm residences. Some of these purposes may...

VA Loan Questions: Can I Use A VA Loan To…?

VA Loan Questions: Can I Use A VA Loan To…?

We get a lot of reader questions about VA home loans that include queries about what can be done with the loan funds. For example, some borrowers want to know if a VA home loan can be used to consolidate...

Do VA Loans Require Escrow Accounts?

Do VA Loans Require Escrow Accounts?

Many borrowers want to know if an escrow account is a mandatory part of buying a home with a VA loan program. Before we quote the VA loan rules on this subject, as found in the VA Lender’s Handbook, it’s...

Restoring Your VA Loan Eligibility

Restoring Your VA Loan Eligibility

Lately we’ve gotten several questions about restoring VA loan eligibility. Some readers want to know if they need to restore their eligibility or if it’s done automatically once a VA home loan has been paid in full. Others want to...