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...
debt-to-income ratio
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...
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,...
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...
VA Loan Appraisal Questions: High Voltage Power Lines
A reader asks, "Are there restrictions on proximity to power/transmission lines?" This question is asked in relation to the Department of Veterans Affairs minimum property requirements or MPRs...
VA Loan Funding Fee Refunds: Cash Back?
VA loans require payment of a VA loan funding fee. Some borrowers are exempt from paying this fee; the Department of Veterans Affairs does not require funding fees...
VA Loan Reader Questions: Buying Land With a VA Loan
A reader asked us, "Can I use a VA loan to buy land for building property?" There are two sections of the VA loan rules which offer guidance for...
Can I Get My VA Certificate of Eligibility Online?
Veterans who have never applied for a VA home loan before soon learn they need a VA Certificate of Eligibility before the lender will allow them to move...
VA Loans: New Construction Loans vs. Existing Construction
VA loans for new construction homes have different requirements than VA loans for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for...