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 mortgage loan rules

VA Loans and Pre-Payment: Is There a Penalty?

VA Loans and Pre-Payment: Is There a Penalty?

One of the most attractive features of a VA insured mortgage is the no-money down option. Borrowers who choose a zero down payment may pay more in VA loan funding fees, but the money saved by not making a down...

VA Loan Rules: Spousal Income

VA Loan Rules: Spousal Income

One frequently asked question about VA home loans involves whether a spouse's income can be counted on the VA loan application for the purposes of calculating the debt-to-income ratio.

It is easy to assume that a VA loan application with spouse...

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...

Using Power Of Attorney With VA Loans

Using Power Of Attorney With VA Loans

Imagine a situation where a currently serving military member started the home buying process but got deployed to a war zone before the deal could be closed or before completing some other critical part of that process? How can a...

VA Offers Tax Help Resources For Veterans

VA Offers Tax Help Resources For Veterans

What does VA tax prep resource assistance for veterans have to do with VA home loans? At first glance you might not think they are associated, but we get many questions all year round about the tax implications of buying...

VA Loans: The Growing Equity Mortgage

VA Loans: The Growing Equity Mortgage

There are many different types of VA home loans. Some of them are designed for a specific purpose–the new purchase home loan and the refinancing loan, for example. Others are created for one purpose or the other but with a...

The VA Loan Program: Most Offices Running During Government Shutdown

The VA Loan Program: Most Offices Running During Government Shutdown

With headlines about veteran benefits and the government shutdown looming, many wonder if they will continue to get their VA benefits while the government is “closed”. What’s realistic to expect during the shutdown? At the time of this writing, there...

VA Loan Reader Questions: VA Loan Limit Increase?

VA Loan Reader Questions: VA Loan Limit Increase?

A reader asks, "I heard the VA limit is increasing for SAN DIEGO COUNTY in 2012. Is there any confirmation of that?" The Department of Veterans Affairs recently published revised VA loan maximum guaranty limit, which have changed because of the...

VA Appraisal Timeliness and Required Corrections: A VA Loan Reader Question

VA Appraisal Timeliness and Required Corrections: A VA Loan Reader Question

A reader asks, "We had a VA appraisal performed on the home that we are purchasing with a VA loan. However, the VA appraiser is not providing anyone with some corrections that need to be performed. The bank tells us...

VA Loan Reader Questions: Does Rental Income Qualify as Verifiable Income for a VA Home Loan?

VA Loan Reader Questions: Does Rental Income Qualify as Verifiable Income for a VA Home Loan?

A reader asks, "Can the rental income from a multi unit property be used at least partially to qualify for the loan? I know in the past that ti could as long as the veteran had six months of cash...