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 appraisals

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....

Property Inspections and Asbestos

Property Inspections and Asbestos

In previous blog posts, we've discussed the difference between a VA appraisal, which is required for the sale of a home to move forward, and a home inspection which is an option the borrower should choose (but is not required...

VA Rules on Minimum Property Requirements

VA Rules on Minimum Property Requirements

In our last post we discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the health or safety of anyone who might live in the home....

VA Rules for Property Appraisal

VA Rules for Property Appraisal

In my last post, I wrote about VA property appraisals and the requirements the VA puts on appraisers. I mentioned the VA’s “no accommodation” rule, which states VA property appraisals cannot include practices that accommodate the sale price of...

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 For Home Repairs?

VA Loans For Home Repairs?

One common question we receive is in regards to the possible availability of VA loans for home repair. Is it possible for a borrower to apply for a VA loan in order to make repairs or upgrades to the home?...

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 Loan Fees: Who Pays?

VA Loan Fees: Who Pays?

There are many VA loan fees involved when it comes to purchasing a home with your VA benefits. VA appraisals are mandatory as part of the loan approval process, but the home inspection process is not — it’s an optional...

VA Loans: Roofs, Basements and Crawlspaces

VA Loans: 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...

Which VA Loans Allow Cash Back to the Borrower?

Which VA Loans Allow Cash Back to the Borrower?

There’s a common type of question associated with VA loans–many borrowers are interested in getting cash back at closing time from proceeds via their home loans. But which VA loans allow this? Can a borrower, as some readers have asked,...

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