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

VA Rules on Minimum Property Requirements

VA Rules on Minimum Property Requirements

In our last post we discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the health or safety of anyone who might live in the home....

How Can I Buy a VA REO Home?

How Can I Buy a VA REO Home?

The Department of Veterans Affairs offers foreclosed homes, also known as REO homes, for sale to veterans and civilians alike. Since the VA insures mortgages under the VA loan program, if the property goes into default and foreclosure, the VA...

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...

Restoring VA Loan Entitlement

Restoring VA Loan Entitlement

Those who have already used their VA loan entitlement to buy a home don’t always keep that home for the entire term of VA mortgage. Do VA borrowers get another chance to use their VA loan entitlement? The short answer...

VA Loans: Where Can I Purchase A Home Using A VA Loan?

VA Loans: Where Can I Purchase A Home Using A VA Loan?

There are many issues that affect a veteran's decision to purchase a home. When applying for a VA loan, a borrower may be in the middle of a military career with many years to go before retirement, recently separated or...

VA Loans: New Construction Loans vs. Existing Construction

VA Loans: New Construction Loans vs. Existing Construction

VA loans for new construction homes have different requirements than VA mortgages for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for new construction loans, and in today's housing market some lenders have...

VA Loans and Second Mortgages

VA Loans and Second Mortgages

VA loans have a variety of uses and flexible options that make them very attractive for first time home buyers. But not every VA loan is a traditional home purchase; some buyers have unique needs that require additional consideration. A...

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?...

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,...

Beware of VA IRRRL Scams

Beware of VA IRRRL Scams

We get plenty of reader comments and questions, but lately we've noticed a trend in the comments about a possible scam targeting people with VA mortgages. There's been an increase in questions asking about third-parties who contact home owners about...