Do Homes Purchased With a VA Loan Have Warranties?
Warranties are everywhere. You can take advantage of a manufacturer's warranty on your cell phone, your computer or even your car when buying them brand new. Some products like...
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VA Loans and Second Mortgages
VA loans have a variety of uses and flexible options that make them very attractive for first time homebuyers. But not every VA loan is a traditional home...
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...
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 Minimum Property Requirements Update: Water and Sewage
The Department of Veterans Affairs has a VA minimum property requirements update for water and sewage. In VA Circular 26-13-24, we find an update that includes the following:...
VA Loan Anti-Discrimination Requirements
One of the most important aspects of a VA home loan, financial considerations aside, is the Department of Veterans Affairs regulations covering fair housing. There are extensive rules...
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...
Can I Have Two VA Loans at the Same Time?
Recently a question came in asking whether it's possible to have two VA home loans at the same time. While the answer depends on many things, including the...
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 Loans and Hazardous Conditions
Everyone who applies for a VA guaranteed home loan hears three things repeated again and again; it's best to prepare for at least a year before committing to...