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 foreclosure

How Can I Buy a VA REO Home?

How Can I Buy a VA REO Home?

The Department of Veterans Affairs offers foreclosed homes, also known as REO homes, for sale to veterans and civilians alike. Since the VA insures mortgages under the VA loan program, if the property goes into default and foreclosure, the VA...

VA Extends Relocation Assistance For Short Sale, Deed-In-Lieu

VA Extends Relocation Assistance For Short Sale, Deed-In-Lieu

Back in 2011, the Department of Veterans Affairs issued VA Circular 26-11-1, which announced the availability of relocation assistance funds to VA borrowers who were involved with short sales or deed-in-lieu of foreclosure transactions. According to the VA circular, “VA...

VA Vendee Financing: A Reader Question

VA Vendee Financing: A Reader Question

In recent days there have been many reader questions about the status of the VA Vendee Financing program. Vendee financing refers to a program where homes originally purchased with VA loans that have gone delinquent, into foreclosure, and repossessed are...

Is There a VA Loans Version of the FHA Back To Work Program?

Is There a VA Loans Version of the FHA Back To Work Program?

A reader asks, “Will the VA follow the new guidelines the FHA has changed as of this August? The name of it is listed down below. this came down on August 15–FHA Back To Work Program Waives Foreclosure, Bankruptcy, And...

VA IRRRL: Who Can Apply?

VA IRRRL: Who Can Apply?

In recent weeks we’ve fielded several questions from readers about VA loan refinancing with the VA Interest Rate Reduction Refinancing Loan, also known as a VA Streamline Refinance or IRRRL. There are many situations where a borrower might need to...

VA Loan Reader Questions: Refinancing A VA Loan Without the Spouse

VA Loan Reader Questions: Refinancing A VA Loan Without the Spouse

A reader asks, “My wife has moved out, but will not agree to remove her name off deed. What need to know is what can I do in refinancing the VA loan since her name is not signed for the...

VA Loan Reader Question: Eligibility After Foreclosure

VA Loan Reader Question: Eligibility After Foreclosure

A reader asks, "I am a vet who walked away from my home in 2009 (a BAC-mortgaged property). The foreclosure went down on April 1st, 2011. I have been renting since October 2009. For VA purposes, my 24-month waiting period...

VA Loan Rules For Employment, Income: A Reader Question

VA Loan Rules For Employment, Income: A Reader Question

A reader asks, "I have been at my current job for 18 months. Prior to this I was in school under Chapter 31 Vocational Rehabilitation. I receive service-connected disability payments, and was receiving Social Security disability. Would these circumstances create...

VA Loan Reader Question: What Happened to VA Vendee Financing?

VA Loan Reader Question: What Happened to VA Vendee Financing?

A reader recently asked, "Any word on when the VA Vendee Loan program will return?"

When homes purchased with a VA guaranteed mortgage loans go into foreclosure, the Department of Veterans Affairs ends up owning these properties and later putting them...

VA Home Loan Advantages

VA Home Loan Advantages

The Department of Veterans Affairs recently updated its official site to include an on-line version of its publication, "VA Home Loans - A Quick Guide For Homebuyers and Real Estate Professionals".

This guide outlines some of the most important features of...