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: September 2014

VA Mortgage Rate News For The Week of September 22 2014

VA Mortgage Rate News For The Week of September 22 2014

It’s been a difficult month for VA mortgage loan rates. We’ve watched a gradual upward trend that got a push (at least in part) thanks to a recent policy statement by the Fed. Many were looking to that policy announcement...

VA Loan Assumptions: A Reader Question

VA Loan Assumptions: A Reader Question

A reader asks, “I currently have a VA Loan with $130,000 balance and need to sell the property due to health reasons. I venture the market price will be $129,000. How can I sell the property via assumable means and...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I recently closed on my VA Approved Loan on August 29, 2014. When the VA Inspector came to appraise the home, he found two (2) minor repairs needing done plus he appraised the home lower then the...

VA Mortgage Rate Trends For The Week Of September 15 2014

VA Mortgage Rate Trends For The Week Of September 15 2014

Mortgage rates have been trending higher, but there was a significant development on Wednesday as the Fed made a policy announcement that had a definite impact on mortgage loan rates, especially VA mortgage rates. On September 12, we saw best...

VA Loan Occupancy: A Reader Question

VA Loan Occupancy: A Reader Question

A reader asks, “Started a VA refi on my current home 6 mos. ago. Just got the loan to upgrade my home. During the time slot, I got married and need a larger home. Is it possible for me to...

VA Mortgage Rate Trends For The Week of September 8 2014

VA Mortgage Rate Trends For The Week of September 8 2014

VA mortgage loan rates, best execution-wise, stayed at their now long-reported “comfort zone” of 3.75% for the best-qualified applicants (depending on the lender and other circumstances). But that doesn’t mean VA mortgage rates didn’t experience upward pressure this week due...

VA Home Loan Occupancy Rules: Advice From The Cleveland VA Regional Loan Center

VA Home Loan Occupancy Rules: Advice From The Cleveland VA Regional Loan Center

A strict interpretation of the VA Lender’s Handbook, VA Pamphlet 26-7, leads one to believe that the Department of Veterans Affairs requires the purchaser of a home using a VA mortgage to occupy the property at loan closing time and...

VA Loan Reader Questions: Buying Another Home With A VA Home Loan

VA Loan Reader Questions: Buying Another Home With A VA Home Loan

A reader asked us recently, “I have a house in NY. I purchased 1999 thru the VA loan process. In 2009 I tranferred to NC. I was unable to sell my house so I┬ámade it a rental property. I have...

VA Loan Rate Trends: The Week of September 2, 2014

VA Loan Rate Trends: The Week of September 2, 2014

VA mortgage rates are subject to change–that’s a given for any set of interest rates. Rates can change for a variety of reasons including foreign developments that affect domestic investor behavior. That was one of the factors this week in...

Cash Back For VA Home Loans? A Reader Question

Cash Back For VA Home Loans? A Reader Question

A reader asks, “I am working with a company (lender name deleted) that routinely gives cash back to almost any buyer. We work with no other lender for VA loans that allow cash back. Some do allow it to be...