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: inspection

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 Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA loans require one very important step to move forward. When a buyer finds a home they want to purchase with a VA mortgage, they must have a VA assigned appraiser look at the home to establish fair market value. The...

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...

Do Homes Purchased With a VA Loan Have Warranties?

Do Homes Purchased With a VA Loan Have Warranties?

Warranties are everywhere. You can take advantage of a manufacturer's warranty on your cell phone, your computer, and automobile when buying them brand new. Some products like cars and trucks even offer extended warranties a buyer can purchase when acquiring a car...

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...

What Does a VA Appraiser Look For?

What Does a VA Appraiser Look For?

In recent blog posts we've examined the basics on VA minimum property requirements. When a VA assigned appraiser reviews a home to see if it meets VA MPRs, he or she appraises the property with a set of criteria established...

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...

What Does the VA Say About Loans for Mobile Homes?

What Does the VA Say About Loans for Mobile Homes?

A number of questions have come in recently about VA guaranteed loans for manufactured homes or mobile homes. Some people mistakenly believe mobile homes are not eligible for VA mortgages, but that is not true. Any manufactured home that meets...