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

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 —...

What is VA Loan Bonus Entitlement?

What is VA Loan Bonus Entitlement?

A common question about VA loans is, “How much loan can I get?” The answer depends on what value you’re referring to. The VA’s official site states that the basic entitlement for VA loans is $36,000. However, that is NOT...

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,...

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 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: 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 Occupancy Rules: A Reader Question

VA Occupancy Rules: A Reader Question

A reader asks, “When purchasing a home with a VA loan. What is considered a ‘reasonable time’ in which you must occupy the home? Also can you have a dependant live in the home and the purchasers not live in...

VA Mortgage Rate News For The Week of September 22 2014

VA Mortgage Rate News For The Week of September 22 2014

It’s been a difficult month for VA mortgage loan rates. We’ve watched a gradual upward trend that got a push (at least in part) thanks to a recent policy statement by the Fed. Many were looking to that policy announcement...

VA Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I recently closed on my VA Approved Loan on August 29, 2014. When the VA Inspector came to appraise the home, he found two (2) minor repairs needing done plus he appraised the home lower then the...

VA Loan Reader Questions: Buying Another Home With A VA Home Loan

VA Loan Reader Questions: Buying Another Home With A VA Home Loan

A reader asked us recently, “I have a house in NY. I purchased 1999 thru the VA loan process. In 2009 I tranferred to NC. I was unable to sell my house so I made it a rental property. I have...