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 loan application

Do Homes Purchased With a VA Loan Have Warranties?

Do Homes Purchased With a VA Loan Have Warranties?

Warranties are everywhere. You can take advantage of a manufacturer's warranty on your cell phone, your computer, and automobile when buying them brand new. Some products like cars and trucks even offer extended warranties a buyer can purchase when acquiring a car...

VA Loans: New Construction Loans vs. Existing Construction

VA Loans: New Construction Loans vs. Existing Construction

VA loans for new construction homes have different requirements than VA mortgages for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for new construction loans, and in today's housing market some lenders have...

VA Loans and Second Mortgages

VA Loans and Second Mortgages

VA loans have a variety of uses and flexible options that make them very attractive for first time home buyers. But not every VA loan is a traditional home purchase; some buyers have unique needs that require additional consideration. A...

Can I Have Two VA Loans at the Same Time?

Can I Have Two VA Loans at the Same Time?

Recently a question came in whether it's possible to have two VA home loans at the same time. While the answer depends on a great many things including the nature of the second loan, how much VA entitlement remains and...

VA Appraisals, NOV Expiration Dates and Appraisal Fees

VA Appraisals, NOV Expiration Dates and Appraisal Fees

In recent blog posts we've discussed the role of the appraisal in buying a home with a VA insured mortgage. The Department of Veterans Affairs won't issue a loan amount until VA appraiser has reviewed the property and a Notice...

Getting a Second VA Loan

Getting a Second VA Loan

Many VA borrowers apply for their first VA mortgage not thinking about what they might want or need years down the line. That first home may seem perfect when it's first purchased, but many first time home owners outgrow that...

VA Loans: Unemployed Borrowers and Spouse Income

VA Loans: Unemployed Borrowers and Spouse Income

A reader asks, "I am an unemployed vet; Can I use my wife's income to obtain a VA Loan to purchase a home?" This is a difficult question. If interpreting it as asking, "Can my spouse apply for the VA...

VA Loan Rules For Employment: Frequent Changes In Employers

VA Loan Rules For Employment: Frequent Changes In Employers

VA loan rules require the lender to verify a loan applicant’s current employment, employment history, and the likelihood that current income will continue. These verifications are a typical part of the home loan approval process, but some borrowers may feel...

VA Loans and Appraisals-What Do They Cover? A Reader Question

VA Loans and Appraisals-What Do They Cover? A Reader Question

A reader asks, “What does a VA home inspection cover? My son just bought a home using his VA Loan. The electric panel box has failed. He is replacing it now. The panel box has been a problem for many...

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...