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: March 2015

VA Appraisals: Roofs, Basements and Crawlspaces

VA Appraisals: Roofs, Basements and Crawlspaces

When it comes to a VA appraiser’s job, moisture is an important factor in rating or evaluating the property. Part of the appraisal process is to identity obvious conditions that could affect the value or usability of the home. Moisture...

Which VA Loans Allow Cash Back to the Borrower?

Which VA Loans Allow Cash Back to the Borrower?

There’s a common question associated with VA loans–many borrowers are interested in getting cash back at closing time from proceeds via their home loans. But which VA loans allow this? Can a borrower, as some readers have asked, get a...

Restoring VA Loan Entitlement

Restoring VA Loan Entitlement

Those who have already used their VA loan entitlement to buy a home don’t always keep that home for the entire term of VA mortgage. Do VA borrowers get another chance to use their VA loan entitlement? The short answer...

VA Loan Reader Questions: Who Pays For Termite Inspections?

VA Loan Reader Questions: Who Pays For Termite Inspections?

A reader asks, “Where can I find information regarding who pays for a termite inspection and a termite letter for the state of Georgia? Does the buyer or the seller pay for the termite inspection? Thank you!” The short answer,...

Can I Get My VA Certificate of Eligibility Online?

Can I Get My VA Certificate of Eligibility Online?

Veterans who have never applied for a VA home loan before soon learn they need a VA Certificate of Eligibility before the lender will allow them to move forward with a VA home loan. This isn't just a requirement set down...

What Does a VA Appraiser Look For?

What Does a VA Appraiser Look For?

In recent blog posts we've examined the basics on VA minimum property requirements. When a VA assigned appraiser reviews a home to see if it meets VA MPRs, he or she appraises the property with a set of criteria established...

VA Loans: Where Can I Purchase A Home Using A VA Loan?

VA Loans: Where Can I Purchase A Home Using A VA Loan?

There are many issues that affect a veteran's decision to purchase a home. When applying for a VA loan, a borrower may be in the middle of a military career with many years to go before retirement, recently separated or...

Who is Exempt from VA Loan Funding Fees?

Who is Exempt from VA Loan Funding Fees?

VA borrowers are required to pay a VA loan funding fee, either up front or included in the loan amount. This fee varies depending on the type of loan, the status of the applicant (active duty, Guard or Reserve, etc.)...

VA Loans: Enlistment Verification

VA Loans: Enlistment Verification

Military members applying for VA insured home loans should know about the VA loan rules for service members within a year of their current re-enlistment date. The Department of Veterans Affairs has specific requirements for VA loan applicants currently serving...

VA Loans: New Construction Loans vs. Existing Construction

VA Loans: New Construction Loans vs. Existing Construction

VA loans for new construction homes have different requirements than VA mortgages for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for new construction loans, and in today's housing market some lenders have...