Can a Borrower Rent Out a Home Purchased with a VA Loan?
There are many reasons why a borrower who owns a home purchased with a VA loan would consider renting out his or her property. Active duty military members who...
What Does the VA Say About Loans for Mobile Homes?
A number of questions have come in recently about VA-guaranteed loans for manufactured homes or mobile homes. Some people mistakenly believe mobile homes are not eligible for VA...
VA Loans: Why It’s Important to Avoid Foreclosure Proceedings
As written before in this blog, nobody applies for a VA home loan thinking about default or foreclosure as a possibility. But circumstances can change; spouses lose jobs,...
VA Appraisals: How Long Until a Notice of Value Expires?
VA rules state that any property to be purchased with a VA loan must have a notice of value assigned after being reviewed by a VA-assigned appraiser. The...
VA Appraisals and Reconsideration of Value
When a VA loan applicant wants to buy a home, gets a contract sales price and a VA assigned fee appraiser looks at the property, the results may...
Loan Eligibility: Who Else Can Qualify?
We have discussed applying for VA loan eligibility and how it can be done through the lender before. Active duty military, retired and separated military, plus members of the...
Can I Purchase a Boat or RV With My VA Loan Benefits?
One common question about VA home loans involves the purchase of properties other than suburban homes. VA loan benefits allow buyers to purchase a condo, mixed-use property, multi-family...
VA Loan Applications: Verification of Income
VA loan requirements include verification of income. Borrowers must show stable, reliable income that is likely to continue. The VA generally asks for at least two years worth...
Can I Use a VA Loan to Consolidate My Debt?
Several questions from readers have raised the issue of what VA loans can and cannot be used for. On several occasions, we've gotten queries about whether it's possible...
What is the VA Loan Escape Clause?
There are many different ways to buy a home using a VA mortgage loan. Sometimes the buyer finds a home they really want, work with the seller to...