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: July 2014

VA Home Loans, Rental Income and Occupancy Rules: A Reader Question

VA Home Loans, Rental Income and Occupancy Rules: A Reader Question

A reader asks, “Can a borrower purchase a new home using his current VA benefit and rent out his existing home (which VA benefit was not used to purchase) ? Can you exclude the previous mortgage payment with rental agreement...

VA Home Loans For Ex-Spouses, Dependent Children

VA Home Loans For Ex-Spouses, Dependent Children

We’ve recently had a variety of questions about VA home loan rules for ex-spouses and dependent children. One of those questions this week goes like this: “I wanted to know if I am eligible for my deceased ex-husband’s VA Certificate...

VA Loans, Converted Garages, and State/Local Code: A Reader Question

VA Loans, Converted Garages, and State/Local Code: A Reader Question

A reader asks, “Can you buy a home VA financing with a converted garage? No permit was pulled but a lic contractor did the work. Can we put funds in escrow to have the wall removed to complete the sale?”...

VA Loans For Ex-Spouses? A Reader Question

VA Loans For Ex-Spouses? A Reader Question

A reader asks, “My ex-husband was active duty and I am remarried can I get a home mortgage off his retirement now?” This question is a bit unclear, and we can’t address any other issue aside from those that pertain...

VA Loan Employment and Income Rules: A Reader Question

VA Loan Employment and Income Rules: A Reader Question

A reader asks, “I’m in the process of closing on the house. However, I was delayed in that process due to my wife finding a new job close to where we will be. My lender states the VA loan requires...

VA Loan Entitlement Restoration: A Reader Question

VA Loan Entitlement Restoration: A Reader Question

A reader asks, “I have my VA certificate of eligibility; i had a previous loan which is indicated as “Status” Paid in full/no restoration”. Entitlement code 10, Funding fee EXEMPT.” “In the center in bold caps shows THIS VETERANS BASIC ENTITLEMENT IS...

VA Loan Myths: A Reader Question About “VA Student Loans”

VA Loan Myths: A Reader Question About “VA Student Loans”

A reader asks, “My father has pass away can me and my daughter use a veteran loan to go to college or buy a home?” Presumably the father mentioned in this reader question was a veteran and the dependent daughter...

Happy Independence Day!

Happy Independence Day!

Today we pause from our usual routine of answering reader questions and writing about VA home loan news that affects you; we’re celebrating the Fourth of July holiday and our usual posting schedule will return on Monday. Thanks for reading...