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: August 2014

VA Mortgage Rates News: Low, Flat Rates

VA Mortgage Rates News: Low, Flat Rates

VA mortgage rates for the week ending on Friday, August 29 2014, have had an interesting time. Mortgage loan rates in general have approached their lowest levels of the year at the time of this writing, and we’ve seen some interesting...

VA Loan Rules: Getting Started With Your VA Home Loan

VA Loan Rules: Getting Started With Your VA Home Loan

If you are new to the VA home loan program, you are probably wondering about the VA loan rules, and what it takes to get started with your VA loan benefit. One of the most important things to remember about...

VA Loan Reader Questions: Selling The Home

VA Loan Reader Questions: Selling The Home

A reader asks, “My parents currently purchased a home in California using their VA loan. Is it possible for their non-VA daughter to be placed on title to that property in hopes of purchasing it from them next year?” There...

Appraisal Requirements For Finished Basements

Appraisal Requirements For Finished Basements

A reader asks, “I have a question regarding finish basements and the VA appraisal of them. The home is advertised as single family ranch home with 3 bedrooms. Two bedrooms are located on the main floor with the third in...

VA Mortgage Rate News For Friday August 22, 2014

VA Mortgage Rate News For Friday August 22, 2014

There are many reasons why mortgage rates fluctuate. The release of economic data that suggests weakness in the economy can influence rates and push them lower. Conversely, when economic or jobs data indicates improvement, rates can and sometimes do move...

VA Minimum Property Requirements: A Reader Question About Roofs

VA Minimum Property Requirements: A Reader Question About Roofs

A reader asks, “I am looking at buying a house. It is a little older, but not very old. My realtor said it may not be approved for a VA loan because the roof already has 2 layers on it....

VA Loan Reader Questions: Buying Land

VA Loan Reader Questions: Buying Land

A reader asks, “If I’m presently buying a mobile home, can I use a VA loan to purchase the land ? Could I have the mobile home placed on the property (to VA specs) with intent to live in the...

VA Loan Reader Questions: VA Loan Entitlement Restoration

VA Loan Reader Questions: VA Loan Entitlement Restoration

A reader asks, “We bought our first home on January 2014. Is a two story home and he has severe a back condition the stairs are making his situation worst to the point that is affecting our family. We are...

Partial VA Loan Entitlement: A Reader Question

Partial VA Loan Entitlement: A Reader Question

A reader asks, “In 2003 i went thru a divorce a repossession of my home thru the VA, suffered a 50k loss. Now in 2014 im trying to buy another home thru the VA. I tried to get my COE...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “Can you clarify this for me? ‘reasonable value of the property established by the Department of Veterans Affairs’. Is “reasonable value” the appraisal they preformed or can the VA set a value different than what the appraisal...