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: May 2014

VA Housing Grants For Disabled Veterans

VA Housing Grants For Disabled Veterans

The Department of Veterans Affairs offers special grants to veterans with qualifying disabilities that can help offset the cost of altering a property to be more accessible and livable. One such grant, the Specially Adapted Housing Grant (SAH), is designed...

VA Extends Relocation Assistance For Short Sale, Deed-In-Lieu

VA Extends Relocation Assistance For Short Sale, Deed-In-Lieu

Back in 2011, the Department of Veterans Affairs issued VA Circular 26-11-1, which announced the availability of relocation assistance funds to VA borrowers who were involved with short sales or deed-in-lieu of foreclosure transactions. According to the VA circular, “VA...

Happy Memorial Day 2014

Happy Memorial Day 2014

Today we pause our usual posts about VA home loans and related issues to honor Memorial Day. We’ll resume our regularly scheduled posts and answers to reader questions tomorrow. Thanks for reading and be sure to thank the veterans in...

VA Loan Reader Questions: Co-Borrower Legal Issues

VA Loan Reader Questions: Co-Borrower Legal Issues

A reader asks, “I am a co-borrower on a VA mortgage loan. I am a civilian and my ex-husband is a veteran. We divorced two years ago. In our Property Settlement Agreement he was given the house with 90 days...

VA Loan Certificate of Eligibility Corrections: A Reader Question

VA Loan Certificate of Eligibility Corrections: A Reader Question

A reader asks, “I purchased a home in the early 80s through the VA, it went into default but it was paid off before I was able to leave active duty.” “They have one COE that says that all restoration...

Military Discharges and VA Loan Eligibility: A Reader Question

Military Discharges and VA Loan Eligibility: A Reader Question

A reader asks, “Box 23 on my DD214 states “Discharged”. I served 1yr and 2 months, my status was “Under Honorable Conditions (general)” Where I applied to get my COE, I was told I would be denied because in box...

VA Loan Appraisal Fee Waviers? A Reader Question

VA Loan Appraisal Fee Waviers? A Reader Question

A reader asks, “I heard that for VA if you have a disability, for example PTSD, you can qualify for a waiver for the appraisal…is that true?” Based on a reading of the VA Lender’s Handbook, there is nothing in...

VA Loan Refinance Options: A Reader Question

VA Loan Refinance Options: A Reader Question

A reader asks, “Hello…we received a letter a few days ago from a VA Refinancing bank in California. We had purchased our home last July and have recently been very worried about all our medical bills, etc. that have accumulated...

VA Streamline Refinancing Rules: A Reader Question

VA Streamline Refinancing Rules: A Reader Question

A reader asks, “What is required to refinance a VA IRRRL if the veteran is self employed but your spouse (non veteran) is employed?” This is an interesting question. VA Interest Rate Reduction Refinancing Loans, also known as VA IRRRLs,...

VA Disability Compensation and Your VA Loan Benefit

VA Disability Compensation  and Your VA Loan Benefit

If you are a veteran getting ready to file a claim for VA disability compensation, it’s important to know how that claim could affect your VA loan benefit. Borrowers who receive or are eligible to receive VA compensation for service-connected...