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...
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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 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...
VA Loans: Property Tax and Insurance Requirements
When buying a home with a VA-insured loan, borrowers learn that the Department of Veterans Affairs has a set of requirements which include "sufficient hazard insurance" and payment...
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...
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 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 Loans and Hazardous Conditions
Everyone who applies for a VA guaranteed home loan hears three things repeated again and again; it's best to prepare for at least a year before committing to...
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....