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 Loan Assumption and the Novation

VA Loan Assumption and the Novation

In our last blog post we discussed VA home loan assumption and why a veteran selling his or her home should think carefully when considering such a move. There’s a serious issue VA mortgage holders should be aware of when arranging...

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: Termite Inspections

VA Loan Reader Questions: Termite Inspections

A reader asks, “We are currently refinancing our home – and we are using the VA process. They are requesting us to get a termite (WDO) inspection. My question is: Does the VA require this termite inspection? We live in...

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...

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 Myths and Facts On Occupancy

VA Loan Myths and Facts On Occupancy

We’ve received a great deal of questions lately about VA loan occupancy requirements. There are plenty of myths, rumors and half-truths floating around about the nature of VA loans and the occupancy requirement. What do VA loan rules actually say...

VA Loan Rules For Joint Loans

VA Loan Rules For Joint Loans

There are some common questions about rules for joint loans between a veteran and non-veteran, or between more than one veteran where all borrowers are using VA loan entitlement. How does the VA handle these situations when it comes to the...

VA Announces Relief For VA Borrowers Affected by Colorado Fire

VA Announces Relief For VA Borrowers Affected by Colorado Fire

The Department of Veterans Affairs has issued VA Circular 26-13-11, which announces mortgage relief and other information for those with VA mortgages who are affected by the fire in Colorado Springs, Colorado. According to the circular, “Directly affected by the...

Restoring VA Eligibility: Eligibility Restoration Forms

Restoring VA Eligibility: Eligibility Restoration Forms

A reader asks, “I’m looking at using my VA., I used it once before in 1990, but sold that home. I haven’t used it since. I need to know what steps I need to take in using it again, please...