VA Loans and Pre-Payment: Is There a Penalty?
One of the most attractive features of a VA-insured mortgage is the no-money down option. Borrowers who choose a zero-down payment may pay more in VA loan funding...
VA Loan Minimum Property Requirements: Asbestos
After viewing a recent post about VA minimum property requirements and appraisals, one reader asks, "What about asbestos shingles on an older home?" Assuming the reader is asking...
VA Loan Anti-Discrimination Requirements
One of the most important aspects of a VA home loan, financial considerations aside, is the Department of Veterans Affairs regulations covering fair housing. There are extensive rules...
VA Loan Reader Questions: Does Rental Income Qualify as Verifiable Income for a VA Home Loan?
A reader asks, "Can the rental income from a multi unit property be used at least partially to qualify for the loan? I know in the past that...
VA Minimum Property Requirements for Multi-Family Units
VA loans aren't just for single family dwellings -- did you know there are VA loans available for properties with up to four units? The borrower must certify...
VA Rules on Minimum Property Requirements
In the past, we have discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because they directly affect...
Can I Have Two VA Loans at the Same Time?
Recently a question came in asking whether it's possible to have two VA home loans at the same time. While the answer depends on many things, including the...
VA Loans and Condo Project Approval Procedures
We frequently get questions about VA loans for condos. One commonly asked question involves the details of the VA loan approval process for condos. If a borrower wants to...
VA Appraisals, NOV Expiration Dates and Appraisal Fees
In past blog posts we've discussed the role of the appraisal in buying a home with a VA-insured mortgage. The Department of Veterans Affairs won't issue a loan amount...
VA Appraisals: Roofs, Basements and Crawlspaces
When it comes to a VA appraiser’s job, moisture is an important factor in rating or evaluating the property. Part of the process for VA appraisals is to...