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 news

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...

VA Loan Fees: Who Pays?

VA Loan Fees: Who Pays?

There are many VA loan fees involved when it comes to purchasing a home with your VA benefits. VA appraisals are mandatory as part of the loan approval process, but the home inspection process is not, it’s an optional part...

VA Announces Increases to Special Housing Adaptations Grants

VA Announces Increases to Special Housing Adaptations Grants

The Department of Veterans Affairs offers grants and assistance programs to veterans with qualifying disabilities. There are two programs designed to help these veterans make permanent alterations to a residence in order to be more accessible, and one grant that...

VA Loan Eligibility For Surviving Dependent Children: A Reader Question

VA Loan Eligibility For Surviving Dependent Children: A Reader Question

A reader asks, “My father, a 100% disabled vet, passed last Jan. Is there any loans I qualify for to own a home. My fathers, our home, was repossessed with our land.” It’s assumed that the reader question here is...

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 Loan Fees and Charges: The Basics

VA Loan Fees and Charges: The Basics

Buying a home with a VA loan means saving and budgeting for fees and expenses associated with the purchase of your new property. VA loan fees include the VA loan funding fee, appraisal fees, any required compliance inspections as a...

VA Loan Eligibility Periods For Guard/Reserve Members

VA Loan Eligibility Periods For Guard/Reserve Members

A reader asks, “I was in the Army Reserve and my schooling was 9 months. So I was active duty for 9 months am I eligible. For a home loan through the VA? I was approved years ago but I...

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 Appraisals And Electrical Systems In The Home: A Reader Question

VA Appraisals And Electrical Systems In The Home: A Reader Question

A reader asks, “I just bought a home using a VA Loan and just found out that the electrical circuits are not grounded. Is this something that should have been discovered at the time of the appraisal?” The answer depends...

Student Loan Deferment and VA Loans

Student Loan Deferment and VA Loans

When you’re getting ready for a VA loan, one of the things it’s good to do is to examine your debt picture–the lender will calculate your debt to income ratio to see if you can afford the VA loan combined...