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 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...

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...

VA Loan Reader Questions: Buying Land With a VA Loan

VA Loan Reader Questions: Buying Land With a VA Loan

A reader asks, "Can I use a VA loan to buy land in order to build on?" There are two sections of the VA loan rules which offer guidance for the eligible uses of VA loans. One is Chapter 3...

VA Loans: What is the Notice of Value?

VA Loans: What is the Notice of Value?

When a veteran or active duty servicemember wants to pre-qualify for a VA home loan, they fill out the application paperwork with a lender and start looking for a home within their price range. The appraisal gives the Department of...

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...

VA Loan Minimum Property Requirements: A Reader Question

VA Loan Minimum Property Requirements: A Reader Question

A reader asks, “Can anyone tell me if a VA loan requires that the outside walls of my garage be drywalled on the inside of the garage? We are selling our home to a couple who is getting a VA...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I purchased my house in August 0f 2013, only one year 1 month ago. And it was inspected by one VA inspector, it pass the inspection, now I have problem with my roof. It might need a...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I recently closed on my VA Approved Loan on August 29, 2014. When the VA Inspector came to appraise the home, he found two (2) minor repairs needing done plus he appraised the home lower then the...

VA Appraisal Expiration Dates: A Reader Question

VA Appraisal Expiration Dates: A Reader Question

A reader asks, “I am in the process of refinancing my house with a VA Loan…This process has been going on for 9 months, and they still haven’t processed my loan. They allowed the original appraisal to expire, and ordered...

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