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

VA Cash Out Refinance Loans: Some Basics

VA Cash Out Refinance Loans: Some Basics

VA Cash-Out Refinancing loans are available for qualified applicants for any type of home loan refinance including existing VA mortgages, conventional loans, even FHA-insured loans. Borrowers may take cash out on the refinancing loan once the original mortgage has been...

The VA Loan Funding Fee For Subsequent Use: A Reader Question

The VA Loan Funding Fee For Subsequent Use: A Reader Question

A reader asks, “I am a Navy veteran. I had a VA mortgage that was paid off with a previous refinance to a conventional. I do not have a service related disability. I am looking into a refinance with cash...

VA Refinancing Loans: A Reader Question

VA Refinancing Loans: A Reader Question

A reader asks, “I was and still am an unmarried vet. Can I now refinance just to see if I can get a lower rate/mortgage payment?” The short answer is yes. A borrower’s marital status has nothing to do with...

VA IRRRL: Who Can Apply?

VA IRRRL: Who Can Apply?

In recent weeks we’ve fielded several questions from readers about VA loan refinancing with the VA Interest Rate Reduction Refinancing Loan, also known as a VA Streamline Refinance or IRRRL. There are many situations where a borrower might need to...

VA Loan Reader Questions: VA IRRRL Scam?

VA Loan Reader Questions: VA IRRRL Scam?

A reader asks, “My husband relieved a letter saying that they were compelled to notify us that our mortgage with Crescent Mortgage which was bought by Wells Fargo, has been tagged for inclusion in the VA IRRRL program. Then it...

VA Loan Reader Questions: Interest Rates For Refinance Loans

VA Loan Reader Questions: Interest Rates For Refinance Loans

A reader asks, “I would like to know more about the refinancing and credit check. I own a home in which I only owe around $80,000 fairly new, built 2003. I’m at around 7.4%, can I refinance and pay this...

VA Streamline Refinance Loan Basics

VA Streamline Refinance Loan Basics

Refinancing your existing VA home loan may be simpler than you thought if you’re applying for a VA Streamline Refinance Loan. Streamline refinancing, also known as a VA Interest Rate Reduction Refinancing Loan or IRRRL, has no VA-required credit check...

VA Loan Reader Questions: Can I Refinance My FHA Loan with a VA Mortgage?

VA Loan Reader Questions: Can I Refinance My FHA Loan with a VA Mortgage?

A reader asks, “I’m a veteran and I have never used my VA Loan benefits. I’ve been in my home for 7 years under the FHA program and would like to inquire how I can refi with the VA?” This...

VA Appraisal Issues and VA Loan Questions

VA Appraisal Issues and VA Loan Questions

A reader asks, “I am trying to buy a house. It was a single wide but was rebuilt and doubled in size. When they appraised it 6 years ago they classified it as a house, not a trailer.” “I have...

VA Loan Reader Questions: VA Refinance Loans and Eligibility

VA Loan Reader Questions: VA Refinance Loans and Eligibility

A reader asks, “I’m in the process of refinancing my house via an IRRRL. Once the process is finalized, I plan on renting the house. Am I eligible to purchase a bigger house with my VA?” There are two basic...