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 loans

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 Fees: Who Pays?

VA Loan Fees: Who Pays?

There are many VA loan fees involved when it comes to purchasing a home with your VA benefits. VA appraisals are mandatory as part of the loan approval process, but the home inspection process is not, it’s an optional part...

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 Loans and Flood Zones

VA Loans and Flood Zones

A reader question came to us asking about the rules for VA loans about flood zones. "Is it true that it is not possible to get a VA loan if the appraiser indicates the property is in a flood zone?...

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...

Can a Borrower Rent Out a Home Purchased with a VA Loan?

Can a Borrower Rent Out a Home Purchased with a VA Loan?

There are many reasons why a borrower who owns a home purchased with a VA insured mortgage would consider renting out his or her property. Active duty military members who are being reassigned to a new base, for example, might...

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 Purchase a Boat or RV With My VA Loan Benefits?

Can I Purchase a Boat or RV With My VA Loan Benefits?

One common question about VA home loans involves the purchase of properties other than suburban homes. VA loan benefits allow buyers to purchase a condo, mixed-use property, multi-family units, manufactured or modular homes and many other options. Not all lenders...

The VA Loan Escape Clause: A Reader Question

The VA Loan Escape Clause: A Reader Question

A reader asks, “If an appraisal comes back lower than the contracted price, is the seller required to sign documentation allowing the buyer to cancel the contract?” Borrowers cannot, under the rules and regulations of the VA loan program, be...

VA Loans: Property Tax and Insurance Requirements

VA Loans: Property Tax and Insurance Requirements

When buying a home with a VA insured loan, borrowers learn that the Department of Veterans Affairs has a set of requirements which include "sufficient hazard insurance" and payment of all property taxes. The VA loan program, like FHA loans,...