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 questions

VA Issues Guidance For Principal Reduction On VA Home Loans

VA Issues Guidance For Principal Reduction On VA Home Loans

The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans often wind up discussing foreclosure avoidance options that include principal reduction —...

VA Rules on Minimum Property Requirements

VA Rules on Minimum Property Requirements

In our last post we discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the health or safety of anyone who might live in the home....

Are Electronic Signatures Permitted For VA Home Loans?

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 Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?

VA loans require one very important step to move forward. When a buyer finds a home they want to purchase with a VA mortgage, they must have a VA assigned appraiser look at the home to establish fair market value. The...

Which VA Loans Allow Cash Back to the Borrower?

Which VA Loans Allow Cash Back to the Borrower?

There’s a common question associated with VA loans–many borrowers are interested in getting cash back at closing time from proceeds via their home loans. But which VA loans allow this? Can a borrower, as some readers have asked, get a...

What Does a VA Appraiser Look For?

What Does a VA Appraiser Look For?

In recent blog posts we've examined the basics on VA minimum property requirements. When a VA assigned appraiser reviews a home to see if it meets VA MPRs, he or she appraises the property with a set of criteria established...

Can a Veteran and Fiancé Get a VA Loan Together?

Can a Veteran and Fiancé Get a VA Loan Together?

There are many different circumstances under which you can get a VA loan. Some veterans apply for the loan by themselves without a co-borrower or co-applicant. Others want to apply for a VA loan with one or more fellow veterans,...

VA Loan Reader Questions: Termite Inspections

VA Loan Reader Questions: Termite Inspections

A reader asks, “We are currently refinancing our home – and we are using the VA process. They are requesting us to get a termite (WDO) inspection. My question is: Does the VA require this termite inspection? We live in...

What Does the VA Say About Loans for Mobile Homes?

What Does the VA Say About Loans for Mobile Homes?

A number of questions have come in recently about VA guaranteed loans for manufactured homes or mobile homes. Some people mistakenly believe mobile homes are not eligible for VA mortgages, but that is not true. Any manufactured home that meets...

Can I Use a VA Loan to Consolidate My Debt?

Can I Use a VA Loan to Consolidate My Debt?

Several recent questions from readers have raised the issue of what VA loans can and cannot be used for; on several occasions we've gotten queries about whether it's possible to use a VA home loan as a debt consolidation tool....