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

Tag Archives: DD-214

VA Loans and Other Than Honorable Discharges

VA Loans and Other Than Honorable Discharges

There are several different ways a military member can leave the service. One is to complete 20 years or more of service and apply for military retirement. Another is to simply allow the current term of enlistment to expire without re-enlisting....

VA Loan Applications: Verification of Income

VA Loan Applications: Verification of Income

VA loan requirements include verification of income. Borrowers must show stable, reliable income that is likely to continue. The VA generally asks for at least two years worth of documentation showing such income and employment. But some borrowers can't show...

VA Loans and the Holiday Shopping Season: What to Know

VA Loans and the Holiday Shopping Season: What to Know

Today is Black Friday, the biggest retail shopping day of the year and a time when many find incredible bargains at their favorite shops. With people camping out in advance of the post-Turkey Day shopping spree, and many getting their...

VA Loan Reader Questions: Refinancing Rules For Divorced, Non-Veteran Borrowers

VA Loan Reader Questions: Refinancing Rules For Divorced, Non-Veteran Borrowers

A reader asks, "My sister is a cosigner on a VA loan based on her husbands eligibility. She is now divorced and the house was given to her in the divorce agreement. She received part of her husband's...

Reader Question: VA Grants For Home Improvements

Reader Question: VA Grants For Home Improvements

The VA home loan program goes hand-in-hand in some cases with other VA benefits. Did you know the Department of Veterans Affairs offers grants for qualifying disabled veterans that can be used to renovate a home to make it more...

VA Loan Funding Fee Exemptions Part Two

VA Loan Funding Fee Exemptions Part Two

In our last blog post, we discussed VA loan funding fee exemptions and how those exemptions must be verified by the lender. Thanks to changes in how the Department of Veterans Affairs processes VA Loan Certificates Of Eligibility, lenders can...

VA Loan Eligibility For Surviving Spouses of Military Members

VA Loan Eligibility For Surviving Spouses of Military Members

Recently we've been discussing the rules for VA loan eligibility, getting a VA Certificate of Eligiblity or COE, and the required procedures for getting that paperwork. Because not all veterans serve in the same ways, and because the requirements for getting...

VA Loan Reader Questions: Can I Rent A Home Purchased With A VA Loan?

VA Loan Reader Questions: Can I Rent A Home Purchased With A VA Loan?

VA loan questions come from all different perspectives--this one comes from a very unique angle: "We are looking at leasing a VA home from a friend of ours who is in the military. (The owner) has a VA loan on...

VA Streamlines Funding Fee Exemption Process

VA Streamlines Funding Fee Exemption Process

Recently we've written about VA loan funding fee exemptions--any qualified veteran receiving disability compensation from the Department of Veterans Affairs is exempt from paying the VA loan funding fee. In such cases, the veteran is exempt based on documented, VA-recognized...

New Disclosure Notice Requirements For Military Borrowers At Risk of Home Loan Default

New Disclosure Notice Requirements For Military Borrowers At Risk of Home Loan Default

Military members have long had a form of financial protection offered under something known as the Servicemembers Civil Relief Act or SCRA for short. At one time, this legislation was known as the Soldiers And Sailors Civil Relief Act, but...