VA Loans: Enlistment Verification
Whether a service member is close to their re-enlistment date can have an impact of the process of a VA loan. For military members applying for VA loans...
occupancy
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 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...
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 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 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...
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 Loan Reader Questions: Two VA Home Loans At Once?
A reader asks, "I purchased a home in 2009 for 121k using my VA. It now has a remaining balance of $115k. I now find I need to...