VA Loans: Property Tax and Insurance Requirements
When buying a home with a VA-insured loan, borrowers learn that the Department of Veterans Affairs has a set of requirements which include "sufficient hazard insurance" and payment...
VA Loan Reader Questions: VA Appraisal Requirements For Crawlspaces and Attics
A reader asks, "I had a VA appraisal done two weeks ago. The appraiser told me he had been an appraiser for 15 years. He seemed to know...
VA Loan Rules on Ventless Fireplaces
When VA borrowers go house hunting, they'll find a wide range of options, including swimming pools and fireplaces. The VA loan rules regarding these options are often in place to cover...
VA Minimum Property Requirements Update: Water and Sewage
The Department of Veterans Affairs has a VA minimum property requirements update for water and sewage. In VA Circular 26-13-24, we find an update that includes the following:...
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...
VA Loan Rules: Who Can Use the VA Loan Benefit?
A reader asks, "I was honorably discharged from the Navy after serving for 4 years. I was wondering if my mom can use my VA home loan to buy build a...
VA Clarifies Rules On “Unallowable Fees”
The Department of Veterans Affairs has issued a Mortgagee Letter clarifying its position on itemized fees, the lender's flat fee and unallowable fees for VA mortgage loans. According...
VA Loans For Overseas Homes: A Reader Question
A reader asks, "I never used my veteran home loan and want to move out of the country to Central America, namely Panama." "Is there any way I...
Getting VA Loan Eligibility Restored After a Short Sale
Our recent blog posts have covered topics related to the short sale of a home purchased with a VA loan. It's easy to assume you're locked out of...
VA Loan Rules For Siblings, Dependent Children: A Reader Question
A reader asks, "My brother and father now deceased. were in Army. Can I. apply for VA loan. My daughter and her husband looking for a house. can...