VA Loans For Purchases In Other Countries
There are many scenarios potential VA borrowers bring with them to the bargaining table. Some VA borrowers are looking for typical suburban homes, others are looking for VA...
VA home loan rules
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...
Can I Purchase a Boat or RV With My VA Loan Benefits?
One common question about VA home loans involves the purchase of properties other than suburban homes. VA loan benefits allow buyers to purchase a condo, mixed-use property, multi-family...
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 Loan Reader Questions: Vendee Financing Program
A reader asks, "Has anyone heard any news on the Vendee program being restored?" The program known as Vendee Financing is connected to VA mortgages that have become...
VA Issues Guidance For Principal Reduction On VA Home Loans
The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans...
VA Loan Appraisal Questions: High Voltage Power Lines
A reader asks, "Are there restrictions on proximity to power/transmission lines?" This question is asked in relation to the Department of Veterans Affairs minimum property requirements or MPRs...
VA Rules For Appraisers: Interior Photographs Now Required
VA Circular 26-17-05, among the last of the 2017 VA loan regulatory updates recently published at VA.gov, mentions a requirement for VA appraisers to get interior photographs of the...
VA Loans: How Many Units Can The Property Have?
VA guaranteed home loans have certain restrictions and requirements when it comes to the nature of the property for sale. For example, VA loans require that the property...