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 requirements

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 Reader Questions: Funding Fees and Tax Deductions

VA Loan Reader Questions: Funding Fees and Tax Deductions

A reader asks, "Can anyone tell me where I can find up-to-date (2013) information of VA home loan funding fee and if it is tax deductible?" The VA published some revised guidelines for VA loan funding fees in a mortgagee letter...

VA Loan Eligibility: What Does “Paid In Full, No Restoration” Mean?

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...

VA Certificate of Eligibility: Your Options For Getting One

VA Certificate of Eligibility: Your Options For Getting One

The first step in using your VA home loan benefit is to apply for a VA Certificate Of Eligibility. The certificate of eligibility tells your lender that you’re eligible to use the VA loan program, how much VA loan entitlement...

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 Loan Reader Questions: Pending Judgment and Loan Approval

VA Loan Reader Questions: Pending Judgment and Loan Approval

A reader asks, “Can you get a VA loan if there is judgment against you or pending?” Chapter Four of the VA Lenders Handbook has a great deal to say about a variety of credit issues. Borrowers are expected to...

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 Loan Minimum Property Requirements

VA Loan Minimum Property Requirements

A reader asks, “Can anyone tell me if a VA loan requires that the outside walls of my garage be drywalled on the inside of the garage? We are selling our home to a couple who is getting a VA...

VA Loan Minimum Property Requirements For Cisterns

VA Loan Minimum Property Requirements For Cisterns

A reader got in touch with us recently saying, “I was just notified by the Ohio Regional Loan Center that the va does not approve cisterns under any circumstances. My cistern is 1 year old and the township is in...

VA Loan Assumptions: A Reader Question

VA Loan Assumptions: A Reader Question

A reader asks, “I currently have a VA Loan with $130,000 balance and need to sell the property due to health reasons. I venture the market price will be $129,000. How can I sell the property via assumable means and...