VA Loans and the Rules on Manufactured Homes
There are a lot of questions out there when it comes to VA loans for manufactured homes, also known as mobile homes. In some circles, the mobile home rules...
VA guidelines
VA Loans and Second Mortgages
VA loans have a variety of uses and flexible options that make them very attractive for first time homebuyers. But not every VA loan is a traditional home...
VA Loan Rules: Spousal Income
One frequently asked question about VA home loans involves whether spousal income can be counted on the VA loan application for the purposes of calculating the debt-to-income ratio. It...
Can a Veteran and Fiancé Get a VA Loan Together?
There are many different circumstances under which you can get a VA loan. Some veterans apply for the loan by themselves without a co-borrower or co-applicant. Others want...
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 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...
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...
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...
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...