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 home loans
VA Appraisals, NOV Expiration Dates and Appraisal Fees
In past blog posts we've discussed the role of the appraisal in buying a home with a VA-insured mortgage. The Department of Veterans Affairs won't issue a loan amount...
VA Appraisals: Roofs, Basements and Crawlspaces
When it comes to a VA appraiser’s job, moisture is an important factor in rating or evaluating the property. Part of the process for VA appraisals is to...
VA Relocation Assistance for Short Sale and Deed-In-Lieu of Foreclosure
No VA borrower wants to think losing their home is a possibility, but in some cases it's unavoidable due to personal financial issues, job loss, medical issues or...
Reader Question: VA Loan Appraisals and Unfinished Rooms
A reader asks about a previously owned home up for sale with some work missing. "...(T)he last owner left the master bathroom unfinished, floor and wall tiles missing,...
VA Home Loans For Ex-Spouses, Dependent Children
We've recently had a variety of questions about VA home loan rules for ex-spouses and dependent children. One of those questions this week goes like this: "I wanted...
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 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...
VA Loan Assumption
One of the attractive things about VA home loans is that they are assumable--a veteran can "sell" the home by allowing a third party to assume the VA...