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...
VA loan application
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...
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 Loans: Unemployed Borrowers and Spouse Income
A reader asks, "I am an unemployed vet; Can I use my wife's income to obtain a VA loan to purchase a home?" This is a difficult question....
VA Loan Rules For Employment: Frequent Changes In Employers
VA loan rules require the lender to verify a loan applicant's current employment, employment history, and the likelihood that current income will continue. These verifications are a typical...
VA Loans and Appraisals-What Do They Cover? A Reader Question
A reader asks, "What does a VA home inspection cover? My son just bought a home using his VA Loan. The electric panel box has failed. He is...
VA Loans and Local Building Codes: A Reader Question
A reader asks, "I am looking at a specific house and the basement has a bathroom in it but behind a door in the basement there is the...
VA Loans and Power of Attorney
Military members and their families are likely more familiar with the use of power of attorney procedures than many others--any time a military member is deployed or sent...
VA Loan Answers: Getting a VA Home Loan Certificate of Eligibility or a Duplicate
At the VA official site, there is a frequently asked questions section with a very important question many VA loan applicants or refinance loan applicants want to know....
VA Announces Special Relief During Government Shutdown
The Department of Veterans Affairs has issued a new VA Circular announcing special relief for VA borrowers affected by the government shutdown. According to the VA Circular titled,...