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 refinance

VA Loan Entitlement: A Reader Question

VA Loan Entitlement: A Reader Question

  A reader asks, “Is there a maximum number of times that we can purchase a home or refinance our current house?” The answer to this question depends greatly on circumstance, but in general a borrower is limited by two...

VA Extends Relocation Assistance For Short Sale, Deed-In-Lieu

VA Extends Relocation Assistance For Short Sale, Deed-In-Lieu

Back in 2011, the Department of Veterans Affairs issued VA Circular 26-11-1, which announced the availability of relocation assistance funds to VA borrowers who were involved with short sales or deed-in-lieu of foreclosure transactions. According to the VA circular, “VA...

VA Streamline Refinancing Rules: A Reader Question

VA Streamline Refinancing Rules: A Reader Question

A reader asks, “What is required to refinance a VA IRRRL if the veteran is self employed but your spouse (non veteran) is employed?” This is an interesting question. VA Interest Rate Reduction Refinancing Loans, also known as VA IRRRLs,...

VA Loan Options For Reducing Monthly Mortgage Payments

VA Loan Options For Reducing Monthly Mortgage Payments

If you’re looking for options to reduce the amount of your VA home loan mortgage payments, there are several ways to approach the issue depending on whether or not you have already taken out the loan or not. For example,...

Refinance A Conventional Mortgage To A VA Mortgage

Refinance A Conventional Mortgage To A VA Mortgage

Eligible veterans and currently serving military members can refinance a conventional home loan to a VA mortgage, AND get cash back on the loan where applicable. If you don’t know about the VA Cash Out Refinancing mortgage, now is a...

VA Loan Reader Questions: Can I Refinance My FHA Loan with a VA Mortgage?

VA Loan Reader Questions: Can I Refinance My FHA Loan with a VA Mortgage?

A reader asks, “I’m a veteran and I have never used my VA Loan benefits. I’ve been in my home for 7 years under the FHA program and would like to inquire how I can refi with the VA?” This...

VA Loan Answers: Interest Rate Reduction Refinance Loans

VA Loan Answers: Interest Rate Reduction Refinance Loans

The VA Interest Rate Reduction Refinance Loan or IRRRL is a non-cash out refinance option for existing VA mortgages. Though a borrower cannot refinance a conventional or FHA loan with a VA IRRRL, those who have VA mortgages often...

VA Streamline Refinancing Loan Amounts

VA Streamline Refinancing Loan Amounts

It's normal for a borrower to ask, "How much can I borrow with a VA Streamline Refinance loan?" The answer, according to the VA official site, is that there is no set dollar amount maximum. Instead, the VA Streamline Refinance...

VA Loan Reader Questions: No-Credit Check Refinancing?

VA Loan Reader Questions: No-Credit Check Refinancing?

A reader asks, "Now I heard that when doing a refinance that there is no credit check, income verification, appraisal...is this true for VA loans?" VA home loans can be refinanced in more than one way, but only one of those...

VA Cash-Out Refinance Loan Options

VA Cash-Out Refinance Loan Options

It's easy to assume the wrong things about VA refinance loans, but once you understand the rules for programs like VA cash-out refinancing, it's easy to see what your options are for a refinance loan. For example; VA cash-out refinance loans...