Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Author Archives: Joe Wallace

VA Appraisals and Reconsideration of Value

VA Appraisals and Reconsideration of Value

When a VA loan applicant wants to buy a home, gets a contract sales price, and a VA assigned fee appraiser looks at the property, the results of that appraisal may not correspond with the asking price of the house....

Home Inspections and Asbestos

Home Inspections and Asbestos

In previous blog posts, we've discussed the difference between a VA appraisal, which is required for the sale of a home to move forward, and a home inspection which is an option the borrower should choose (but is not required...

VA Rules on Minimum Property Requirements

VA Rules on Minimum Property Requirements

In our last post we discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the health or safety of anyone who might live in the home....

VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA loans require one very important step to move forward. When a buyer finds a home they want to purchase with a VA mortgage, they must have a VA assigned appraiser look at the home to establish fair market value. The...

VA Loan Assumption and the Novation

VA Loan Assumption and the Novation

In our last blog post we discussed VA home loan assumption and why a veteran selling his or her home should think carefully when considering such a move. There’s a serious issue VA mortgage holders should be aware of when arranging...

VA Loans and the Rules on Manufactured Homes

VA Loans and the Rules on Manufactured Homes

There have been a lot of questions and blog posts lately about VA loans for manufactured homes. In some circles, the mobile home isn’t as understood as a real estate transaction as “typical” VA home loans are; often the standards...

How Can I Buy a VA REO Home?

How Can I Buy a VA REO Home?

The Department of Veterans Affairs offers foreclosed homes, also known as REO homes, for sale to veterans and civilians alike. Since the VA insures mortgages under the VA loan program, if the property goes into default and foreclosure, the VA...

VA Loan Appraisal Rules for Electrical Systems, High Voltage Lines

VA Loan Appraisal Rules for Electrical Systems, High Voltage Lines

There are a variety of frequently asked questions about appraisals, and some of those questions involve the rules covering electrical systems, high voltage and related topics. Since not all homes sold are brand-new, borrowers are right to wonder what the...

Do Homes Purchased With a VA Loan Have Warranties?

Do Homes Purchased With a VA Loan Have Warranties?

Warranties are everywhere. You can take advantage of a manufacturer's warranty on your cell phone, your computer, and automobile when buying them brand new. Some products like cars and trucks even offer extended warranties a buyer can purchase when acquiring a car...

VA Loans and Pre-Payment: Is There a Penalty?

VA Loans and Pre-Payment: Is There a Penalty?

One of the most attractive features of a VA insured mortgage is the no-money down option. Borrowers who choose a zero down payment may pay more in VA loan funding fees, but the money saved by not making a down...