Restoring VA Loan Entitlement
Those who have already used their VA loan entitlement to buy a home don’t always keep that home for the entire term of the loan. Do VA borrowers...
VA guidelines
VA Loans: What Happens If the Borrower Dies?
A reader asks, "What happens to a VA loan when the veteran dies and the spouse is not on the loan?" The Department of Veterans Affairs official site...
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 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 Loan Reader Questions: VA Appraisal Requirements For Crawlspaces and Attics
A reader asks, "I had a VA appraisal done two weeks ago. The appraiser told me he had been an appraiser for 15 years. He seemed to know...
VA Loan Reader Questions: Does Rental Income Qualify as Verifiable Income for a VA Home Loan?
A reader asks, "Can the rental income from a multi unit property be used at least partially to qualify for the loan? I know in the past that...
VA Rules on Minimum Property Requirements
In the past, we have discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because they directly affect...
VA Loans and Condo Project Approval Procedures
We frequently get questions about VA loans for condos. One commonly asked question involves the details of the VA loan approval process for condos. If a borrower wants to...
VA Loan Appraisal Fees: Who Pays?
There is often some question about who is required to pay for certain aspects of the VA home loan process. When the buyer finds a home he or...
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...