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 loans

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 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 Appraisals: A Reader Question

VA Appraisals: A Reader Question

A reader asks, “I purchased my house in August 0f 2013, only one year 1 month ago. And it was inspected by one VA inspector, it pass the inspection, now I have problem with my roof. It might need a...

VA Mortgage Rate Trends For The Week Of September 15 2014

VA Mortgage Rate Trends For The Week Of September 15 2014

Mortgage rates have been trending higher, but there was a significant development on Wednesday as the Fed made a policy announcement that had a definite impact on mortgage loan rates, especially VA mortgage rates. On September 12, we saw best...

VA Home Loan Occupancy Rules: Advice From The Cleveland VA Regional Loan Center

VA Home Loan Occupancy Rules: Advice From The Cleveland VA Regional Loan Center

A strict interpretation of the VA Lender’s Handbook, VA Pamphlet 26-7, leads one to believe that the Department of Veterans Affairs requires the purchaser of a home using a VA mortgage to occupy the property at loan closing time and...

VA Loan Rules: Getting Started With Your VA Home Loan

VA Loan Rules: Getting Started With Your VA Home Loan

If you are new to the VA home loan program, you are probably wondering about the VA loan rules, and what it takes to get started with your VA loan benefit. One of the most important things to remember about...

VA Home Loans For Ex-Spouses, Dependent Children

VA Home Loans For Ex-Spouses, Dependent Children

We’ve recently had a variety of questions about VA home loan rules for ex-spouses and dependent children. One of those questions this week goes like this: “I wanted to know if I am eligible for my deceased ex-husband’s VA Certificate...

VA Appraisal Requirements For Water Supply To The Home

VA Appraisal Requirements For Water Supply To The Home

One common question we often get regarding VA appraisal requirements for homes to be purchased with a VA guaranteed mortgage loan involves the question of what types of water supply is acceptable for the home. Can a well or other...

VA Streamline Refinance Rules: Mortgage Payment Decreases

VA Streamline Refinance Rules: Mortgage Payment Decreases

The VA Streamline Refinance loan, also known as a VA Interest Rate Reduction Refinance Loan or IRRRL, is an important benefit for those who have existing VA mortgages. This refinance option has no VA-required credit check or VA required appraisal,...

What Happens If A VA Home Loan Applicant Decides Not To Close The Loan?

What Happens If A VA Home Loan Applicant Decides Not To Close The Loan?

There are many situations where a VA home loan applicant might start the process of applying for a VA home loan, but have a change of mind (or circumstance) along the way and decide to cancel the loan before signing...