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...
eligibility
VA Loans For Overseas Homes: A Reader Question
A reader asks, "I never used my veteran home loan and want to move out of the country to Central America, namely Panama." "Is there any way I...
Getting VA Loan Eligibility Restored After a Short Sale
Our recent blog posts have covered topics related to the short sale of a home purchased with a VA loan. It's easy to assume you're locked out of...
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...
VA Issues Guidance For Principal Reduction On VA Home Loans
The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans...
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 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...
VA Minimum Property Requirements, Appraisals, and Local Building Codes: A Reader Question
A reader asks, "We have found a home that we love, had the offer accepted and now just waiting on the appraiser. The house was built in 1890...
VA Loan Appraisal Fees: Who Pays?
There is often some question about who is required to pay for certain aspects of the VA home loan process. When the buyer finds a home he or...