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 home loan requirement

The VA Loan Escape Clause: A Reader Question

The VA Loan Escape Clause: A Reader Question

A reader asks, “If an appraisal comes back lower than the contracted price, is the seller required to sign documentation allowing the buyer to cancel the contract?” Borrowers cannot, under the rules and regulations of the VA loan program, be...

VA Loans For Ex-Spouses? A Reader Question

VA Loans For Ex-Spouses? A Reader Question

A reader asks, “My ex-husband was active duty and I am remarried can I get a home mortgage off his retirement now?” This question is a bit unclear, and we can’t address any other issue aside from those that pertain...

VA Loan Occupancy Requirements: A Reader Question

VA Loan Occupancy Requirements: A Reader Question

***UPDATE** After a call to the Cleveland VA Regional Loan Center, we’ve learned that the VA, while not specifically stating such in the VA Lender’s Handbook, does consider the VA loan occupancy requirement fulfilled completely if the borrower takes occupancy...

VA Loan Funding Fees: A Reader Question

VA Loan Funding Fees: A Reader Question

A reader asks, “What is the “fee” amount for the VA refinancing loan? I am a 100% disabled veteran looking to refinance from an existing mortgage to a VA loan. What do I need to do?” The VA loan funding...

A VA Loan Rule For Income and Down Payments You Should Know

A VA Loan Rule For Income and Down Payments You Should Know

VA loans require the lender to verify income and employment for loan approval. There are also some situations where a borrower will qualify for a VA home loan dependent on the sale of a current piece of real estate–the sale...

VA Loans With Dependent Children: A Reader Question

VA Loans With Dependent Children: A Reader Question

A reader asks, “I have my VA Loan eligibility certificate. I have never used my VA Loan. Can I use the VA Loan with my son?” VA loan rules allow a veteran and spouse to be obligated on the VA...