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...
real estate
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...
What Is A Subsequent Use VA Loan Funding Fee?
Veterans who want to use their VA home loan benefits are required to apply for a Certificate of Eligibility from the Department of Veterans Affairs. This certificate, also...
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...
Home Inspections and Asbestos
In previous blog posts, we've discussed the difference between a VA appraisal, which is required for the sale of a home, and a home inspection which is not required....
VA Loan Assumption and the Novation
There’s a serious issue VA loan holders should be aware of when arranging the sale of their home with a loan assumption deal. There are different types of loan...
VA Loans: New Construction Loans vs. Existing Construction
VA loans for new construction homes have different requirements than VA loans for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for...
Getting a Second VA Loan
Many VA borrowers apply for their first VA loan not thinking about what they might want or need years down the line. That first home may seem perfect when...
VA Appraisal Basics
VA loan rules for appraisals are found in the VA Lender's Handbook Chapter 10, which explains a great deal about the process and what's required. VA appraisals can...
VA Loan Occupancy Rules Between States: A Reader Question
A reader asks, "If a veteran has a VA loan in another state, can a second VA loan be obtained in a different state?" The VA loan occupancy...