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 news

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 Loan Reader Questions: Who Pays For Termite Inspections?

VA Loan Reader Questions: Who Pays For Termite Inspections?

A reader asks, “Where can I find information regarding who pays for a termite inspection and a termite letter for the state of Georgia? Does the buyer or the seller pay for the termite inspection? Thank you!” The short answer,...

VA Loan Limits for 2015

VA Loan Limits for 2015

The Department of Veterans Affairs has issued news about VA loan limits by county for 2015. According to VA circular 26-14-39, “the 2015 county loan limits Department of Veterans Affairs (VA) Loan Limits, in the event Public Law 110-389 expires on...

VA Changes Credit Report Fees Policy

VA Changes Credit Report Fees Policy

The Department of Veterans Affairs has modified its policies for credit report fees and Automated Underwriting System (AUS) fees. VA Circular 26-14-36, dated November 18, 2014, announces changes designed to prevent VA borrowers from being overcharged in connection with credit...

VA Announces Increases to Special Housing Adaptations Grants

VA Announces Increases to Special Housing Adaptations Grants

The Department of Veterans Affairs offers grants and assistance programs to veterans with qualifying disabilities. There are two programs designed to help these veterans make permanent alterations to a residence in order to be more accessible, and one grant that...

VA Loan Reader Questions: Construction Exhibits

VA Loan Reader Questions: Construction Exhibits

A reader asks, “My home has not been built yet, and I am waiting on the VA Appraisal. I wanted to know if it is necessary to have an engineered, stapled and signed copy of the blueprints for the appraiser to do the appraisal? “I have the blue...

VA Loan Issues: Pest Guidelines

VA Loan Issues: Pest Guidelines

The Department of Veterans Affairs has issued a new VA Circular revising its policies on “wood destroying pest” treatment. According to the circular, titled “Revised Wood Destroying Insect Information Requirements for New and Proposed Construction Properties using HUD Forms NPMA-99-A...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I recently closed on my VA Approved Loan on August 29, 2014. When the VA Inspector came to appraise the home, he found two (2) minor repairs needing done plus he appraised the home lower then the...

VA Mortgage Rate Trends For The Week Of September 15 2014

VA Mortgage Rate Trends For The Week Of September 15 2014

Mortgage rates have been trending higher, but there was a significant development on Wednesday as the Fed made a policy announcement that had a definite impact on mortgage loan rates, especially VA mortgage rates. On September 12, we saw best...

VA Loan Occupancy: A Reader Question

VA Loan Occupancy: A Reader Question

A reader asks, “Started a VA refi on my current home 6 mos. ago. Just got the loan to upgrade my home. During the time slot, I got married and need a larger home. Is it possible for me to...