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: June 2014

VA Loan Eligibility Restoration: A Reader Question

VA Loan Eligibility Restoration: A Reader Question

A reader asks, “I recently sold my house that was purchased with a VA loan. Do I need to do anything to restore my eligibility for a future purchase?” The VA official site has the answer and resources to help...

VA Appraisals And Electrical Systems In The Home: A Reader Question

VA Appraisals And Electrical Systems In The Home: A Reader Question

A reader asks, “I just bought a home using a VA Loan and just found out that the electrical circuits are not grounded. Is this something that should have been discovered at the time of the appraisal?” The answer depends...

Student Loan Deferment and VA Loans

Student Loan Deferment and VA Loans

When you’re getting ready for a VA loan, one of the things it’s good to do is to examine your debt picture–the lender will calculate your debt to income ratio to see if you can afford the VA loan combined...

VA Loan Appraisal Waivers: A Reader Question

VA Loan Appraisal Waivers: A Reader Question

A reader asks, “Upon my VA appraisal in Texas, the appraiser found several cosmetic problems, worn siding, some bricks missing tuck points, front door weathered. Chipped paint, most of the flaws notated on the detached garage. In your opinion, could...

Are VA Loan Benefits Transferrable? A Reader Question

Are VA Loan Benefits Transferrable? A Reader Question

A reader asks, “Can I transfer my VA home loan to my sister or let my sister to use my VA home loan if i permit the VA to let my benefit to go with my sister because I’ve served...

VA Loan Income Rules and the Post 9/11 GI Bill

VA Loan Income Rules and the Post 9/11 GI Bill

A reader asks, “I’m currently in the IRR. I served in the Army Reserve for 6 years and my husband is currently active duty. I am using my Post 9/11 G.I. Bill and getting BAH payments. That is besides the...

VA Loan Occupancy Requirements: A Reader Question

VA Loan Occupancy Requirements: A Reader Question

A reader asks, “Can I purchase a home about 5 hours away, if my father will be living there? I am 5 hours away and eventually would like to live there after my current orders.” VA loan rules are very...

VA Loan Funding Fee Exemptions: A Reader Question

VA Loan Funding Fee Exemptions: A Reader Question

A reader asks, “I have purchased numerous homes using the VA Loan process – always paid the va funding fee. Today I signed Refi papers and was informed by a veteran that since I have a service connected disability I...

VA Loan Minimum Property Requirements: Some Basics

VA Loan Minimum Property Requirements: Some Basics

One of the most important steps towards getting a VA loan comes after you find the home you want to buy with your VA loan benefit, make an offer, and approach the lender. In order to get your VA loan...

VA Loan Entitlement: A Reader Question

VA Loan Entitlement: A Reader Question

  A reader asks, “Is there a maximum number of times that we can purchase a home or refinance our current house?” The answer to this question depends greatly on circumstance, but in general a borrower is limited by two...