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 REO

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 Loan Rules For Purchasing Foreclosed Properties: Required Repairs

VA Loan Rules For Purchasing Foreclosed Properties: Required Repairs

Recently we reported that the VA had issued a circular re-affirming its policies on appraisals as they are done on foreclosed properties. The VA home loan program does permit qualified borrowers to purchase foreclosures, but these homes are subject to...