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 benefits

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 home repairs or upgrades to the...

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 Appraisals: Roofs, Basements and Crawlspaces

VA Appraisals: 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...

Who is Exempt from VA Loan Funding Fees?

Who is Exempt from VA Loan Funding Fees?

VA borrowers are required to pay a VA loan funding fee, either up front or included in the loan amount. This fee varies depending on the type of loan, the status of the applicant (active duty, Guard or Reserve, etc.)...

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 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...

Can I Have Two VA Loans at the Same Time?

Can I Have Two VA Loans at the Same Time?

Recently a question came in whether it's possible to have two VA home loans at the same time. While the answer depends on a great many things including the nature of the second loan, how much VA entitlement remains and...

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...

VA Loans: Property Tax and Insurance Requirements

VA Loans: Property Tax and Insurance Requirements

When buying a home with a VA insured loan, borrowers learn that the Department of Veterans Affairs has a set of requirements which include "sufficient hazard insurance" and payment of all property taxes. The VA loan program, like FHA loans,...