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: eligibility

VA Issues Guidance For Principal Reduction On VA Home Loans

VA Issues Guidance For Principal Reduction On VA Home Loans

The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans often wind up discussing foreclosure avoidance options that include principal reduction —...

VA Appraisals and Reconsideration of Value

VA Appraisals and Reconsideration of Value

When a VA loan applicant wants to buy a home, gets a contract sales price, and a VA assigned fee appraiser looks at the property, the results of that appraisal may not correspond with the asking price of the house....

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...

VA Loan Appraisal Rules for Electrical Systems, High Voltage Lines

VA Loan Appraisal Rules for Electrical Systems, High Voltage Lines

There are a variety of frequently asked questions about appraisals, and some of those questions involve the rules covering electrical systems, high voltage and related topics. Since not all homes sold are brand-new, borrowers are right to wonder what the...

VA Appraisals: Roofs, Basements and Crawlspaces

VA Appraisals: Roofs, Basements and Crawlspaces

When it comes to a VA appraiser’s job, moisture is an important factor in rating or evaluating the property. Part of the appraisal process is to identity obvious conditions that could affect the value or usability of the home. Moisture...

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: Enlistment Verification

VA Loans: Enlistment Verification

Military members applying for VA insured home loans should know about the VA loan rules for service members within a year of their current re-enlistment date. The Department of Veterans Affairs has specific requirements for VA loan applicants currently serving...

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 Reader Questions: Funding Fees and Tax Deductions

VA Loan Reader Questions: Funding Fees and Tax Deductions

A reader asks, "Can anyone tell me where I can find up-to-date (2013) information of VA home loan funding fee and if it is tax deductible?" The VA published some revised guidelines for VA loan funding fees in a mortgagee letter...

Loan Eligibility: Who Else Can Qualify?

Loan Eligibility: Who Else Can Qualify?

In a recent blog post we discussed applying for VA loan eligibility and how it can be done through the lender. Active duty military, retired and separated military, plus members of the National Guard and Reserve who meet the time...