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 reader question

VA Loan Reader Questions: Credit Requirements and FICO Scores

VA Loan Reader Questions: Credit Requirements and FICO Scores

A reader asks, “I am applying for a VA loan with another veteran and we are unmarried. His credit score is less than stellar. What do think our chances are?” This is a common question which has answers that aren’t...

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 Eligibility Periods For Guard/Reserve Members

VA Loan Eligibility Periods For Guard/Reserve Members

A reader asks, “I was in the Army Reserve and my schooling was 9 months. So I was active duty for 9 months am I eligible. For a home loan through the VA? I was approved years ago but I...

VA Loan Entitlement Restoration: A Reader Question

VA Loan Entitlement Restoration: A Reader Question

A reader asks, “I have my VA certificate of eligibility; i had a previous loan which is indicated as “Status” Paid in full/no restoration”. Entitlement code 10, Funding fee EXEMPT.” “In the center in bold caps shows THIS VETERANS BASIC ENTITLEMENT IS...

VA Loan Eligibility Restoration: A Reader Question

VA Loan Eligibility Restoration: A Reader Question

A reader asks, “I recently sold my house that was purchased with a VA loan. Do I need to do anything to restore my eligibility for a future purchase?” The VA official site has the answer and resources to help...

Are VA Loan Benefits Transferrable? A Reader Question

Are VA Loan Benefits Transferrable? A Reader Question

A reader asks, “Can I transfer my VA home loan to my sister or let my sister to use my VA home loan if i permit the VA to let my benefit to go with my sister because I’ve served...

VA Loan Certificate of Eligibility Corrections: A Reader Question

VA Loan Certificate of Eligibility Corrections: A Reader Question

A reader asks, “I purchased a home in the early 80s through the VA, it went into default but it was paid off before I was able to leave active duty.” “They have one COE that says that all restoration...

VA Loan Refinance Options: A Reader Question

VA Loan Refinance Options: A Reader Question

A reader asks, “Hello…we received a letter a few days ago from a VA Refinancing bank in California. We had purchased our home last July and have recently been very worried about all our medical bills, etc. that have accumulated...

VA Streamline Refinancing Rules: A Reader Question

VA Streamline Refinancing Rules: A Reader Question

A reader asks, “What is required to refinance a VA IRRRL if the veteran is self employed but your spouse (non veteran) is employed?” This is an interesting question. VA Interest Rate Reduction Refinancing Loans, also known as VA IRRRLs,...

VA Joint Loans: A Reader Question

VA Joint Loans: A Reader Question

A reader asks, “My father (who is a veteran) lives with me, never did use a VA loan. Recently we talked about buying a house, he gets a Social Security check every month but I am the one who works...