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

Category Archives: VA appraisals

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...

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...

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 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 Loans, Converted Garages, and State/Local Code: A Reader Question

VA Loans, Converted Garages, and State/Local Code: A Reader Question

A reader asks, “Can you buy a home VA financing with a converted garage? No permit was pulled but a lic contractor did the work. Can we put funds in escrow to have the wall removed to complete the sale?”...

VA Loan Minimum Property Requirements: Some Basics

VA Loan Minimum Property Requirements: Some Basics

One of the most important steps towards getting a VA loan comes after you find the home you want to buy with your VA loan benefit, make an offer, and approach the lender. In order to get your VA loan...

VA Loan Appraisal Fee Waviers? A Reader Question

VA Loan Appraisal Fee Waviers? A Reader Question

A reader asks, “I heard that for VA if you have a disability, for example PTSD, you can qualify for a waiver for the appraisal…is that true?” Based on a reading of the VA Lender’s Handbook, there is nothing in...

VA Appraisal Requirements For Water Supply To The Home

VA Appraisal Requirements For Water Supply To The Home

One common question we often get regarding VA appraisal requirements for homes to be purchased with a VA guaranteed mortgage loan involves the question of what types of water supply is acceptable for the home. Can a well or other...

VA Loan Rules For Areas Affected By Natural Disasters

VA Loan Rules For Areas Affected By Natural Disasters

Current and future borrowers who own homes purchased with a VA mortgage should know what the VA loan rules are for natural disasters and how those disasters can affect a current or pending VA loan. With recent extreme weather activity...