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Tag Archives: VA loan eligibility
Are Electronic Signatures Permitted For VA Home Loans?
Sometimes it takes a while for concepts to catch on. The use of electronic signatures is one such concept that has taken a while to filter in to the mainstream. There are many who have initiated or closed their VA home...
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...
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...
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 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...
VA Loan Reader Questions: Buying Land With a VA Loan
A reader asks, "Can I use a VA loan to buy land in order to build on?" There are two sections of the VA loan rules which offer guidance for the eligible uses of VA loans. One is Chapter 3...
VA Loan Facts About Short Sales
When a borrower gets into financial trouble and has difficulty making VA mortgage loan payments, sometimes the only alternative to foreclosure is something called a short sale--where the borrower sells the home for less than it is worth or less...
VA Loans and Condo Project Approval Procedures
We frequently get questions about VA condo loans. One commonly asked question involves the details of the VA condo approval process. If a borrower wants to purchase a condo unit with a VA guaranteed loan, the project must be VA...
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...
VA Loan Eligibility: What Does “Paid In Full, No Restoration” Mean?
Some VA loan applicants choose to request a VA Certificate of Eligibility (COE) themselves, others choose to have the lender help them. In either case, the borrower's information is submitted to the Department of Veterans Affairs and the COE is...