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...
military service
VA Loan Reader Questions: Termite Inspections
A reader asks, "We are currently refinancing our home – and we are using the VA process. They are requesting us to get a termite (WDO) inspection. My...
VA Loan Amount: Leftover Loan Money
One commonly asked question about VA mortgages involves the loan amount--specifically what happens to any "left over money" if the VA loan comes in at an amount higher...
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...
VA Loans and The 24-Month Rule
VA loans have strict eligibility rules which include requirements for minimum time on duty. Veterans cannot be approved for a VA home loan unless they meet these VA...
Do VA Loans Require an Escrow Account?
When a VA borrower applies for a VA mortgage and closes the deal, they're responsible for more than just making their monthly mortgage payments on the VA loan....
VA Loans: Where Can I Purchase A Home Using A VA Loan?
There are many issues that affect a veteran's decision to purchase a home. When applying for a VA loan, a borrower may be in the middle of a...
Basic Requirements For Homes Purchased With a VA Loan
There are many questions VA loan applicants ask about the eligibility of certain homes, based on the type of property and the condition it may be in. When...
VA Loan Rules For Termite Inspections: Condominiums
In a recent blog post, we addressed some of the VA loan rules for termite inspections. But did you know that there may be different requirements in this...
VA Loan Appraisal Rules for Electrical Systems, High Voltage Lines
There are a variety of frequently asked questions about appraisals, and some of those questions involve the appraisal rules covering electrical systems, high voltage and other related topics....