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...
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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 and Other Than Honorable Discharges
There are several different ways a military member can leave the service. One is to complete 20 years or more of service and apply for military retirement. Another...
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...
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...
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...
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 Loan Myths and Facts On Occupancy
We've received a great deal of questions lately about VA loan occupancy requirements. There are plenty of myths, rumors and half-truths floating around about the nature of VA...