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
VA Minimum Property Requirements, Appraisals, and Local Building Codes: A Reader Question
A reader asks, "We have found a home that we love, had the offer accepted and now just waiting on the appraiser. The house was built in 1890...
VA Loan Funding Fee Refunds: Cash Back?
VA loans require payment of a VA loan funding fee. Some borrowers are exempt from paying this fee; the Department of Veterans Affairs does not require funding fees...
VA Loan Reader Questions: Funding Fees and Tax Deductions
A reader asks, "Can anyone tell me where I can find up-to-date information on the VA home loan funding fee and if it is tax deductible?" The VA...
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...
Do VA Loans Require an Escrow Account?
When a VA borrower applies for a VA mortgage and closes the deal, they're responsible for more than just making their monthly mortgage payments on the VA loan....
VA Rules on Verifiable Income: Commissions
In our last blog post we discussed the VA requirements for verifiable income. When a borrower applies for a VA home loan they must list all sources of...
What is a Supplemental VA Loan?
Veterans who want to buy a home using a VA home loan look for the house they want to buy, apply for the loan, get the loan amount...
VA Loan Rules For Termite Inspections: Condominiums
In a recent blog post, we addressed some of the VA loan rules for termite inspections. But did you know that there may be different requirements in this...
VA Loans: Does Zoning Matter?
VA home loans aren't limited to properties in "traditional" house buying areas like suburbs or typical residential streets. Buyers can also purchase properties in urban areas and in...