VA Loan Rules: Spousal Income
One frequently asked question about VA home loans involves whether spousal income can be counted on the VA loan application for the purposes of calculating the debt-to-income ratio. It...
VA loan rules
Can a Veteran and Fiancé Get a VA Loan Together?
There are many different circumstances under which you can get a VA loan. Some veterans apply for the loan by themselves without a co-borrower or co-applicant. Others want...
Can a Borrower Rent Out a Home Purchased with a VA Loan?
There are many reasons why a borrower who owns a home purchased with a VA loan would consider renting out his or her property. Active duty military members who...
VA Loan Rules: Who Can Use the VA Loan Benefit?
A reader asks, "I was honorably discharged from the Navy after serving for 4 years. I was wondering if my mom can use my VA home loan to buy build a...
VA Clarifies Rules On “Unallowable Fees”
The Department of Veterans Affairs has issued a Mortgagee Letter clarifying its position on itemized fees, the lender's flat fee and unallowable fees for VA mortgage loans. According...
VA Loan Rules For Siblings, Dependent Children: A Reader Question
A reader asks, "My brother and father now deceased. were in Army. Can I. apply for VA loan. My daughter and her husband looking for a house. can...
VA Minimum Property Requirements for Multi-Family Units
VA loans aren't just for single family dwellings -- did you know there are VA loans available for properties with up to four units? The borrower must certify...
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 Minimum Property Requirements: A Reader Question About Roofs
A reader asks, "I am looking at buying a house. It is a little older, but not very old. My realtor said it may not be approved for...
VA Loan Minimum Property Requirements: Are There Exceptions?
The Department of Veterans Affairs has a set of standards for all properties to be purchased with a VA-insured home loan. The VA will not approve loans for...