VA Loans: What Happens If the Borrower Dies?
A reader asks, "What happens to a VA loan when the veteran dies and the spouse is not on the loan?" The Department of Veterans Affairs official site...
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...
How Can I Buy a VA REO Home?
The Department of Veterans Affairs offers foreclosed homes, also known as real estate owned homes (REO), for sale to veterans and civilians alike. Since the VA insures mortgages under...
Beware of VA IRRRL Scams
We get plenty of reader comments and questions, but we've noticed a trend in the comments about a possible scam targeting people with VA mortgages. There's been an...
VA Appraisals and Defects: A Reader Question About Home Defects
A reader asks, "I recently bought a home that had a VA appraisal done, which I thought was also a inspection done per VA requirements (my misunderstanding). 3...
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 Loans: What is the Notice of Value?
When a veteran or active duty servicemember wants to pre-qualify for a VA home loan, they fill out the application paperwork with a lender and start looking for...