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 assistance

VA Loan Assumption and the Novation

VA Loan Assumption and the Novation

In our last blog post we discussed VA home loan assumption and why a veteran selling his or her home should think carefully when considering such a move. There’s a serious issue VA mortgage holders should be aware of when arranging...

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 Loan Questions: VA Loan Funding Fee Refunds

VA Loan Questions: VA Loan Funding Fee Refunds

A reader asks, “I am in the process of getting a VA loan (July 2013). I will be retiring the end of Sep 2013 and have started the VA disability process (paperwork submitted, waiting on physical). Even though my disability...

VA Loan Reader Questions: Multi-Unit Properties

VA Loan Reader Questions: Multi-Unit Properties

A reader asks, “How about if I purchase a multi-family home, say 4 to six families, that I intend to use as my primary and legal residence? Will the VA guarantee the loan?” The VA loan program allows a single...

VA Loan Reader Questions: No-Credit Check Refinancing?

VA Loan Reader Questions: No-Credit Check Refinancing?

A reader asks, "Now I heard that when doing a refinance that there is no credit check, income verification, appraisal...is this true for VA loans?" VA home loans can be refinanced in more than one way, but only one of those...

VA Loan Limit Questions

VA Loan Limit Questions

The Department of Veterans Affairs recently posted the VA loan guaranty limits for 2013. In some cases the guaranty limit, established by county and updated on a yearly basis, remains the same. In other cases that limit may increase or...

VA Loan Reader Questions: Siding, Drywall, and other Appraisal Issues

VA Loan Reader Questions: Siding, Drywall, and other Appraisal Issues

A reader asks, "I've found a home in foreclosure at what I feel to be fair or even better. However there are two places at the base of the siding which have slight rot going up an inch or...

VA Loan Rules On Down Payments

VA Loan Rules On Down Payments

One of the things many first-time home buyers like about the VA loan program is the zero downpayment option. VA loans are available for "the full reasonable value" of a given property, so in general there is no down payment...

VA Loan Reader Question: Foreclosure

VA Loan Reader Question: Foreclosure

A reader recently asked, "Our home is supposed to go into foreclosure due to the fact the mortgage was too high with the 1st and 2nd mortgage and my daughter losing her job, and husband medical history, we had to help...

VA Loan Funding Fee Exemptions Part Two

VA Loan Funding Fee Exemptions Part Two

In our last blog post, we discussed VA loan funding fee exemptions and how those exemptions must be verified by the lender. Thanks to changes in how the Department of Veterans Affairs processes VA Loan Certificates Of Eligibility, lenders can...