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 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...

Are VA Loan Benefits Transferrable? A Reader Question

Are VA Loan Benefits Transferrable? A Reader Question

A reader asks, “Can I transfer my VA home loan to my sister or let my sister to use my VA home loan if i permit the VA to let my benefit to go with my sister because I’ve served...

VA Loans and Fair Housing Laws: What You Need To Know

VA Loans and Fair Housing Laws: What You Need To Know

With recent headlines announcing discrimination charges filed against major lenders, landmark foreclosure settlements and other actions taken on behalf of consumers and home buyers, it seems like a good time to review important resources VA loan applicants should know about...

Am I Due A VA Loan Funding Fee Refund?

Am I Due A VA Loan Funding Fee Refund?

Due to confusion over VA loan funding fee changes scheduled to take effect on 1 October, 2011, some VA borrowers may have been incorrectly charged VA loan funding fee amounts. In some cases the VA loan funding fee charged was...

No Down Payment VA Loans

No Down Payment VA Loans

One of the most attractive features of the VA insured home loan is the option to get a mortgage without a down payment. The no money down VA home loan is one way first time homebuyers, who are often facing...

Time Running Out on Current VA Co-Op Loan Program

Time Running Out on Current VA Co-Op Loan Program

On April 1, 2010, the Department of Veterans Affairs revised the VA Lender's Handbook to include updated rules and regulations for co-op purchases. According to Chapter Seven of the VA Lender's Guide, "Public Law 109-461, The Veterans Benefits, Health Care,...

FHA Changed Its Loan Limits–Are VA Loan Limits Affected?

FHA Changed Its Loan Limits–Are VA Loan Limits Affected?

Recently in the Federal Housing Administration released a statement announcing a lower loan limit for high-cost counties in the most expensive markets. According to a Friday, August 19, 2011 press release, “On October 1, 2011, the Federal Housing Administration (FHA) will...