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 rules

VA Home Loans, Rental Income and Occupancy Rules: A Reader Question

VA Home Loans, Rental Income and Occupancy Rules: A Reader Question

A reader asks, “Can a borrower purchase a new home using his current VA benefit and rent out his existing home (which VA benefit was not used to purchase) ? Can you exclude the previous mortgage payment with rental agreement...

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 Loan Appraisal Waivers: A Reader Question

VA Loan Appraisal Waivers: A Reader Question

A reader asks, “Upon my VA appraisal in Texas, the appraiser found several cosmetic problems, worn siding, some bricks missing tuck points, front door weathered. Chipped paint, most of the flaws notated on the detached garage. In your opinion, could...

VA Loan Funding Fee Exemptions: A Reader Question

VA Loan Funding Fee Exemptions: A Reader Question

A reader asks, “I have purchased numerous homes using the VA Loan process – always paid the va funding fee. Today I signed Refi papers and was informed by a veteran that since I have a service connected disability I...

VA Loan Rules For Employment: Frequent Changes In Employers

VA Loan Rules For Employment: Frequent Changes In Employers

VA loan rules require the lender to verify a loan applicant’s current employment, employment history, and the likelihood that current income will continue. These verifications are a typical part of the home loan approval process, but some borrowers may feel...

VA Loan Reader Questions: Joint Loans

VA Loan Reader Questions: Joint Loans

A reader asks, “I served in the Navy as a medical corpsman between 1965 and 1969, with a combat tour with the US Marines in Vietnam in 1968. I am semi-retired — a low income earner and disabled. My wife,...

VA Loan Reader Questions: Appraisal Disputes

VA Loan Reader Questions: Appraisal Disputes

A reader asks, "I am working with my good friend and VA buyer. The VA has denied the loan do to the fact that the appraiser is calling for removal of the septic. We have provided two certs to the...

Are Down Payments Ever Required For VA Home Loans?

Are Down Payments Ever Required For VA Home Loans?

The no down payment option is one of the most popular features of the VA loan program.

In a time when the conventional home loan market can require some borrowers to put down 20% or more, the VA loan zero down...

VA Loans, Planned Unit Developments, and Condo Projects

VA Loans, Planned Unit Developments, and Condo Projects

Some of the most frequently asked questions about VA PUD/condo loan approval have to do with requirements to get a project included on the VA "approved" projects list. The Department of Veterans Affairs once maintained a list of VA-approved condos...

VA Loan Reader Question: Who Can Get A VA Loan?

VA Loan Reader Question: Who Can Get A VA Loan?

VA loans are a military benefit offered by the Department of Veterans Affairs to those who have served in the United States Military for a minimum period of time as spelled out in the regulations for VA insured home loans. Because...