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

VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA loans require one very important step to move forward. When a buyer finds a home they want to purchase with a VA mortgage, they must have a VA assigned appraiser look at the home to establish fair market value. The...

VA Loans and the Rules on Manufactured Homes

VA Loans and the Rules on Manufactured Homes

There have been a lot of questions and blog posts lately about VA loans for manufactured homes. In some circles, the mobile home isn’t as understood as a real estate transaction as “typical” VA home loans are; often the standards...

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 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...

What is VA Loan Bonus Entitlement?

What is VA Loan Bonus Entitlement?

A common question about VA loans is, “How much loan can I get?” The answer depends on what value you’re referring to. The VA’s official site states that the basic entitlement for VA loans is $36,000. However, that is NOT...

VA Loans and Pre-Payment: Is There a Penalty?

VA Loans and Pre-Payment: Is There a Penalty?

One of the most attractive features of a VA insured mortgage is the no-money down option. Borrowers who choose a zero down payment may pay more in VA loan funding fees, but the money saved by not making a down...

VA Loan Fees: Who Pays?

VA Loan Fees: Who Pays?

There are many VA loan fees involved when it comes to purchasing a home with your VA benefits. VA appraisals are mandatory as part of the loan approval process, but the home inspection process is not, it’s an optional part...

What Does a VA Appraiser Look For?

What Does a VA Appraiser Look For?

In recent blog posts we've examined the basics on VA minimum property requirements. When a VA assigned appraiser reviews a home to see if it meets VA MPRs, he or she appraises the property with a set of criteria established...

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.)...