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 refinance

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...

Beware of VA IRRRL Scams

Beware of VA IRRRL Scams

We get plenty of reader comments and questions, but lately we've noticed a trend in the comments about a possible scam targeting people with VA mortgages. There's been an increase in questions asking about third-parties who contact home owners about...

VA IRRRL Facts

VA IRRRL Facts

Borrowers who apply for VA home loans are eligible to apply for a VA Interest Rate Reduction Refinancing Loan or IRRRL after they have made a minimum of six mortgage payments and meet other "seasoning" or minimum waiting period requirements...

VA Loan Entitlement: A Reader Question

VA Loan Entitlement: A Reader Question

  A reader asks, “Is there a maximum number of times that we can purchase a home or refinance our current house?” The answer to this question depends greatly on circumstance, but in general a borrower is limited by two...

VA Loan Refinance Options: A Reader Question

VA Loan Refinance Options: A Reader Question

A reader asks, “Hello…we received a letter a few days ago from a VA Refinancing bank in California. We had purchased our home last July and have recently been very worried about all our medical bills, etc. that have accumulated...

VA Streamline Refinancing Rules: A Reader Question

VA Streamline Refinancing Rules: A Reader Question

A reader asks, “What is required to refinance a VA IRRRL if the veteran is self employed but your spouse (non veteran) is employed?” This is an interesting question. VA Interest Rate Reduction Refinancing Loans, also known as VA IRRRLs,...

VA Loan Options For Reducing Monthly Mortgage Payments

VA Loan Options For Reducing Monthly Mortgage Payments

If you’re looking for options to reduce the amount of your VA home loan mortgage payments, there are several ways to approach the issue depending on whether or not you have already taken out the loan or not. For example,...

VA Cash Out Refinancing Loan Purposes: A Reader Question

VA Cash Out Refinancing Loan Purposes: A Reader Question

A reader asks, “I am interested in the Cash-out Refinance Loan. I’m a Veteran but never used VA Loan. I’m a homeowner still paying mortgage. I understand that I can apply for the VA’s Cash-out Refinance Loan to take care...

VA Streamline Refinance Rules: Mortgage Payment Decreases

VA Streamline Refinance Rules: Mortgage Payment Decreases

The VA Streamline Refinance loan, also known as a VA Interest Rate Reduction Refinance Loan or IRRRL, is an important benefit for those who have existing VA mortgages. This refinance option has no VA-required credit check or VA required appraisal,...

VA Streamline Loans for Surviving Spouses

VA Streamline Loans for Surviving Spouses

Recently we’ve had some questions about who might be eligible for a VA home loan benefit besides the veteran–we’ve been asked if siblings or children of veterans who have passed away can qualify for VA loan benefits. The VA loan...