VA Loan Reader Questions: Farm Loans
A reader asks, "I would like to get a VA loan to purchase a 350 acre farm. Is it possible or not? I have heard yes and no.... the...
homebuyer
Restoring VA Loan Entitlement
Those who have already used their VA loan entitlement to buy a home don’t always keep that home for the entire term of the loan. Do VA borrowers...
What Does a VA Appraiser Look For?
We've examined the basics on VA minimum property requirements many times on this blog. When a VA appraiser reviews a home to see if it meets VA MPRs,...
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 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...
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 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...
VA Appraisals and Reconsideration of Value
When a VA loan applicant wants to buy a home, gets a contract sales price and a VA assigned fee appraiser looks at the property, the results may...