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 funding fee

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 Entitlement Restoration: A Reader Question

VA Loan Entitlement Restoration: A Reader Question

A reader asks, “I have my VA certificate of eligibility; i had a previous loan which is indicated as “Status” Paid in full/no restoration”. Entitlement code 10, Funding fee EXEMPT.” “In the center in bold caps shows THIS VETERANS BASIC ENTITLEMENT IS...

VA Income Requirements for Loans: Verifiable Income Only

VA Income Requirements for Loans: Verifiable Income Only

In our previous post we discussed VA loan requirements for employment and income. One thing we mentioned briefly are the VA income requirements that lenders use only “verifiable” income to calculate the borrower’s creditworthiness, plus the debt-to-income ratio. What does this mean?...

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 Loan Amount: Leftover Loan Money

VA Loan Amount: Leftover Loan Money

One commonly asked question about VA mortgages involves the loan amount–specifically what happens to any “left over money” if the VA loan comes in at an amount higher than the sale price. One reader asks, “…If I don’t use all...

VA Home Loan Fees: The Lender’s Flat Charge

VA Home Loan Fees: The Lender’s Flat Charge

When budgeting for your VA loan expenses, there are several things to anticipate–the appraisal fee, any compliance inspection fees that may be required, the VA loan funding fee, and the lender’s flat charge. The lender’s fee is often misunderstood–knowing it...

VA Loan Reader Questions: VA Loan Funding Fee Exemptions

VA Loan Reader Questions: VA Loan Funding Fee Exemptions

A reader asks, “I am the disabled veteran and my husband is a also a veteran but not disabled. My husband has the excellent credit history and salary requirements that will get us the low interest rate, however I am...

VA Loan Questions: Military Income

VA Loan Questions: Military Income

A reader asks, “I understand they ask for 2 years work history. What if you are CURRENTLY on active duty and have only been on active duty for a few months, with no prior work history. Is the 2 year...

VA Loan Reader Questions: How Much Are My Appraisal Fees?

VA Loan Reader Questions: How Much Are My Appraisal Fees?

A reader asks, “What is the cost of a VA appraisal on previously owned home and property?” The answer isn’t as simple as quoting a price–VA appraisal fees vary from state to state, and in some cases may vary depending...

Comparing VA Refinance Loans

Comparing VA Refinance Loans

At the time of this writing, VA loan rates are quite low and many who have existing VA or conventional loans are giving serious thought to their refinancing options even if they've already refinanced in the last five years or...