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: VA appraisal

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 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 Loans and Flood Zones

VA Loans and Flood Zones

A reader question came to us asking about the rules for VA loans about flood zones. "Is it true that it is not possible to get a VA loan if the appraiser indicates the property is in a flood zone?...

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...

VA Loan Minimum Property Requirements For Cisterns

VA Loan Minimum Property Requirements For Cisterns

A reader got in touch with us recently saying, “I was just notified by the Ohio Regional Loan Center that the va does not approve cisterns under any circumstances. My cistern is 1 year old and the township is in...

Appraisal Requirements For Finished Basements

Appraisal Requirements For Finished Basements

A reader asks, “I have a question regarding finish basements and the VA appraisal of them. The home is advertised as single family ranch home with 3 bedrooms. Two bedrooms are located on the main floor with the third in...

VA Minimum Property Requirements: A Reader Question About Roofs

VA Minimum Property Requirements: A Reader Question About Roofs

A reader asks, “I am looking at buying a house. It is a little older, but not very old. My realtor said it may not be approved for a VA loan because the roof already has 2 layers on it....

VA Appraisals And Electrical Systems In The Home: A Reader Question

VA Appraisals And Electrical Systems In The Home: A Reader Question

A reader asks, “I just bought a home using a VA Loan and just found out that the electrical circuits are not grounded. Is this something that should have been discovered at the time of the appraisal?” The answer depends...

VA Loan Appraisal Waivers: A Reader Question

VA Loan Appraisal Waivers: A Reader Question

A reader asks, “Upon my VA appraisal in Texas, the appraiser found several cosmetic problems, worn siding, some bricks missing tuck points, front door weathered. Chipped paint, most of the flaws notated on the detached garage. In your opinion, could...

VA Loan Minimum Property Requirements: Some Basics

VA Loan Minimum Property Requirements: Some Basics

One of the most important steps towards getting a VA loan comes after you find the home you want to buy with your VA loan benefit, make an offer, and approach the lender. In order to get your VA loan...