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: debt-to-income ratio

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...

Can I Get My VA Certificate of Eligibility Online?

Can I Get My VA Certificate of Eligibility Online?

Veterans who have never applied for a VA home loan before soon learn they need a VA Certificate of Eligibility before the lender will allow them to move forward with a VA home loan. This isn't just a requirement set down...

VA Loans: New Construction Loans vs. Existing Construction

VA Loans: New Construction Loans vs. Existing Construction

VA loans for new construction homes have different requirements than VA mortgages for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for new construction loans, and in today's housing market some lenders have...

VA Loan Rules: Spousal Income

VA Loan Rules: Spousal Income

One frequently asked question about VA home loans involves whether a spouse's income can be counted on the VA loan application for the purposes of calculating the debt-to-income ratio.

It is easy to assume that a VA loan application with spouse...

VA Loan Reader Questions: Buying Land With a VA Loan

VA Loan Reader Questions: Buying Land With a VA Loan

A reader asks, "Can I use a VA loan to buy land in order to build on?" There are two sections of the VA loan rules which offer guidance for the eligible uses of VA loans. One is Chapter 3...

VA Loan Funding Fee Refunds: Cash Back?

VA Loan Funding Fee Refunds: Cash Back?

VA loans require payment of a VA loan funding fee. Some borrowers are exempt from paying this fee; the Department of Veterans Affairs does not require funding fees from veterans who receive (or are eligible to receive) VA compensation for...

Can I Use a VA Loan to Consolidate My Debt?

Can I Use a VA Loan to Consolidate My Debt?

Several recent questions from readers have raised the issue of what VA loans can and cannot be used for; on several occasions we've gotten queries about whether it's possible to use a VA home loan as a debt consolidation tool....

What is the VA Loan Escape Clause?

What is the VA Loan Escape Clause?

There are many different ways to buy a home using a VA mortgage loan. Sometimes the buyer finds a home they really want, work with the seller to come to an agreed-upon price and other terms, and then agree in...

What a Buyer Cannot Do With a VA Loan

What a Buyer Cannot Do With a VA Loan

In our last blog post we covered things you can do with a VA home loan aside from purchasing a traditional suburban home. For example, you can buy a mobile home and lot, you can purchase land and have a...

VA Loan Employment Requirements: A Reader Question

VA Loan Employment Requirements: A Reader Question

A reader asks, “What are the eligible resources that may be used as proof of income besides pay check stubs or W-2 forms? If someone has a guaranteed job once they separate from active duty military and the only source...