VA Loan Reader Questions: Buying Land With a VA Loan
A reader asked us, "Can I use a VA loan to buy land for building property?" There are two sections of the VA loan rules which offer guidance for...
VA guidelines
Which VA Loans Allow Cash Back to the Borrower?
There's a common question associated with VA loans--many borrowers are interested in getting cash back at closing time from proceeds via their home loans. But which VA loans...
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...
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...
VA IRRRL Facts
Borrowers who apply for VA home loans are eligible to apply for a VA Interest Rate Reduction Refinancing Loan, or IRRRL, after they have made a minimum of...
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 Extends Relocation Assistance For Short Sale, Deed-In-Lieu
Back in 2011, the Department of Veterans Affairs issued VA Circular 26-11-1, which announced the availability of relocation assistance funds to VA borrowers who were involved with short...
VA Loan Answers: What Are “Eligible VA Loan Purposes?”
In our last blog post we discussed the eligible purposes of a VA home loan. Many borrowers want to know if VA loans are available for home improvements,...