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 application
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 Rules on Verifiable Income: Commissions
In our last blog post we discussed the VA requirements for verifiable income. When a borrower applies for a VA home loan they must list all sources of...
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...
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 Appraisal Fees – How Much Does a VA Home Appraisal Cost?
VA loans require one very important step to move forward: an appraisal. When a buyer finds a home they want to purchase with a VA mortgage, they must...
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....
VA Loans For Home Repairs?
One common question we receive is in regards to the possible availability of VA loans for home repair. Is it possible for a borrower to apply for a...
Who is Exempt from VA Loan Funding Fees?
VA borrowers are required to pay a VA loan funding fee, either up front or as an inclusion in the loan amount. This fee varies depending on the type...