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

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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: 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 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...

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...

VA Appraisals: How Long Until a Notice of Value Expires?

VA Appraisals: How Long Until a Notice of Value Expires?

VA rules state that any property to be purchased with a VA insured loan must have a notice of value assigned after being reviewed by a VA assigned appraiser. The notice of value or NOV for short allows the VA...

Do VA Loans Require an Escrow Account?

Do VA Loans Require an Escrow Account?

When a VA borrower applies for a VA mortgage and closes the deal, they're responsible for more than just making their monthly mortgage payments on the VA loan. There are property taxes to pay, hazard insurance premiums and other items that...

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...

VA Loan Reader Questions: Two VA Home Loans At Once?

VA Loan Reader Questions: Two VA Home Loans At Once?

A reader asks, “I purchased a home in 2009 for 121k using my VA. It now has a remaining balance of $115k. I now find I need to move to another town and would like to buy a new home...

VA Loan Rules and Regulations: The Basics of the VA Loan

VA Loan Rules and Regulations: The Basics of the VA Loan

We’ve gotten several reader questions recently about the nature of the VA loan program. Some people misunderstand or have been misinformed about what the VA loan program is or how it is supposed to work. Contrary to what some may...

VA Loans For Non-Veterans? A Reader Question

VA Loans For Non-Veterans? A Reader Question

A reader asks, “My father is veteranĀ  And I was wondering as a non-veteran could I qualify for a V.A. loan for a home?” In general, VA home loans are only for eligible service members (current or former) and in...