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: October 2014

VA Loan Issues: Pest Guidelines

VA Loan Issues: Pest Guidelines

The Department of Veterans Affairs has issued a new VA Circular revising its policies on “wood destroying pest” treatment. According to the circular, titled “Revised Wood Destroying Insect Information Requirements for New and Proposed Construction Properties using HUD Forms NPMA-99-A...

VA Occupancy Rules: A Reader Question

VA Occupancy Rules: A Reader Question

A reader asks, “When purchasing a home with a VA loan. What is considered a ‘reasonable time’ in which you must occupy the home? Also can you have a dependant live in the home and the purchasers not live in...

VA Loan Minimum Property Requirements

VA Loan Minimum Property Requirements

A reader asks, “Can anyone tell me if a VA loan requires that the outside walls of my garage be drywalled on the inside of the garage? We are selling our home to a couple who is getting a VA...

VA Loans and Realtor Commission: Does The Borrower Pay?

VA Loans and Realtor Commission: Does The Borrower Pay?

A reader asks, “Can seller concessions cover a part of realtor’s commission if it states buyer to pay it in contract?” VA loan rules address this issue in a specific way, but not the way the reader who contacted us...

Mortgage Rate Trends October 13-17 2014

Mortgage Rate Trends October 13-17 2014

This week has been an incredible one for mortgage rates in general, and fairly groundbreaking for VA loan mortgage rates in particular. For much of the year we have seen VA mortgage loan rates (best execution) hovering at around 3.75%,...

VA Loan Minimum Property Requirements For Cisterns

VA Loan Minimum Property Requirements For Cisterns

A reader got in touch with us recently saying, “I was just notified by the Ohio Regional Loan Center that the va does not approve cisterns under any circumstances. My cistern is 1 year old and the township is in...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I purchased my house in August 0f 2013, only one year 1 month ago. And it was inspected by one VA inspector, it pass the inspection, now I have problem with my roof. It might need a...