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 limits

VA Loan Applications: Verification of Income

VA Loan Applications: Verification of Income

VA loan requirements include verification of income. Borrowers must show stable, reliable income that is likely to continue. The VA generally asks for at least two years worth of documentation showing such income and employment. But some borrowers can't show...

Restoring Previously Used VA Loan Entitlement

Restoring Previously Used VA Loan Entitlement

When you use your VA loan benefits for the first time, there is no question about the amount of entitlement you have once your eligibility for the loan has been established. But what about those who have taken out VA...

VA Minimum Property Requirements Update: Water and Sewage

VA Minimum Property Requirements Update: Water and Sewage

The Department of Veterans Affairs has a VA minimum property requirements update for water and sewage. In VA Circular 26-13-24, we find an update that includes the following: “Historically, for properties on individual water and/or sewer (septic) systems, connection to...

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 Loans For Business Purchases?

VA Loan Reader Questions: VA Loans For Business Purchases?

A reader asks, "I will be getting out of active duty this summer. I am a 1LT in the Army looking to start my own business. The business I am looking to purchase is two levels: the first is a...

VA Home Owners in Federal Disaster Areas

VA Home Owners in Federal Disaster Areas

Recently, the President declared federal disaster areas in three states; Montana, Maryland, Wisconsin all have counties which are now officially recognized as disaster areas. Those are in addition to earlier declarations for counties in Virginia, Minnesota, New Jersey and elsewhere....

VA Appraisals–Are They Required For Every VA Loan?

VA Appraisals–Are They Required For Every VA Loan?

In cases where the borrower doesn't agree with the results of an appraisal, the VA has rules on what may be done. According to the official site at www.VA.gov, "Any party of interest to the transaction can submit a request...

Things That Affect Your VA Home Loan Application

Things That Affect Your VA Home Loan Application

There are several areas that can make a difference in your VA home loan application. Sometimes it's not a question of whether the application is approved or turned down, but rather whether your application qualifies you for the best possible...

VA Loans and Land Purchases

VA Loans and Land Purchases

A typical house in the suburbs is what many first-time home buyers may picture when thinking about buying a home using a VA insured mortgage. But the Department of Veterans Affairs respects the great diversity in the real estate market--there...

VA Loan Limit Facts

VA Loan Limit Facts

VA loan applicants have several factors that are combined to determine how much of a VA loan they can be approved for; those factors include how much VA loan entitlement is available for use, how much a potential home is...