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Tag Archives: zero down payment
VA Loan Funding Fee Exemptions Part Two
In our last blog post, we discussed VA loan funding fee exemptions and how those exemptions must be verified by the lender. Thanks to changes in how the Department of Veterans Affairs processes VA Loan Certificates Of Eligibility, lenders can...
VA Loan Cash-Out Refinancing Rules
A reader question came in recently asking about the possibility of getting a VA cash-out refinancing loan for a home that did not currently have a mortgage. In light of that question, here's some detail on the VA Cash-Out Refinancing...
VA Loan Funding Fee Facts
One of the ways the Department of Veterans Affairs offsets the cost of the VA loan program is through something called the VA loan funding fee. This is a percentage of the loan value paid by the borrower as part...
Things That Affect Your VA Home Loan Application
There are several areas that can make a difference in your VA home loan application. Sometimes it's not a question of whether the application is approved or turned down, but rather whether your application qualifies you for the best possible...
VA Loans: Local Requirements For Connecticut, Delaware, District of Columbia and Florida
In recent blog posts we've discussed the local requirements properties must meet in order to be considered for a VA home loan. When a VA borrower wants to purchase a property with a VA insured mortgage, the home must be...
Important Resources for VA Borrowers
First time home buyers and even experienced house hunters have a wealth of information at their disposal that can educate about VA borrower's rights, home buyer's rights and other important issues. Some of the recommended reading for new borrowers is material...
All About Applying For VA Joint Loans
The rules for VA joint loans are similar to other VA mortgages; the borrowers must certify the property is to be their primary residence, but the VA rules make an exception for any borrower who does not use VA entitlement...
Can a HUD Appraisal Substitute for a VA Appraisal?
One of the most important steps in a VA home loan is getting the property appraised so that a Notice of Value or NOV can be issued. The NOV helps determine the loan amount--the VA won't guarantee a loan for...