VA Loans and Condo Project Approval Procedures
We frequently get questions about VA condo loans. One commonly asked question involves the details of the VA condo approval process. If a borrower wants to purchase a condo unit with a VA guaranteed...
View ArticleVA 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 loan payments and responsibility for the mortgage....
View ArticleLoan Eligibility: Who Else Can Qualify?
In a recent blog post we discussed applying for VA loan eligibility and how it can be done through the lender. Active duty military, retired and separated military, plus members of the National Guard...
View ArticleVA Loans and Second Mortgages
VA loans have a variety of uses and flexible options that make them very attractive for first time home buyers. But not every VA loan is a traditional home purchase; some buyers have unique needs that...
View ArticleVA Loans: New Construction Loans vs. Existing Construction
VA loans for new construction homes have different requirements than VA mortgages for existing construction purchases. In a troubled housing market, some lenders don't see as much demand for new...
View ArticleVA Loan Reader Questions: Who Pays For Termite Inspections?
A reader asks, “Where can I find information regarding who pays for a termite inspection and a termite letter for the state of Georgia? Does the buyer or the seller pay for the termite inspection?...
View ArticleVA 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 appraisal process is to identity obvious conditions that could affect the value...
View ArticleVA Loan Appraisal Fees – How Much Does a VA Home Appraisal Cost?
VA loans require one very important step to move forward. When a buyer finds a home they want to purchase with a VA mortgage, they must have a VA assigned appraiser look at the home to establish fair...
View ArticleVA Rules on Minimum Property Requirements
In our last post we discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the...
View ArticleHome 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 to move forward, and a home inspection which is an option the borrower should...
View ArticleVA Loan Reader Questions: Vendee Financing Program
A reader asks, “Has anyone heard any news on the Vendee program being restored?” The program known as Vendee Financing is connected to VA mortgages that have become delinquent and gone into...
View ArticleVA 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 they too also apply?” We get many questions along these...
View ArticleGetting VA Loan Eligibility Restored After a Short Sale
ur most recent blog posts have covered topics related to the short sale of a home purchased with a VA loan. It's easy to assume you're locked out of the housing market after having to resort to a short...
View ArticleVA 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 and guidelines...
View ArticleVA 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 what he was doing but when I asked him if he wanted me to climb...
View ArticleVA 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 addresses this question directly in a section called...
View ArticleVA Rules on Minimum Property Requirements
In our last post we discussed situations where the Department of Veterans Affairs might waive its minimum property requirements. But some requirements cannot be waived because the directly affect the...
View ArticleVA Loan Reader Questions: Vendee Financing Program
A reader asks, “Has anyone heard any news on the Vendee program being restored?” The program known as Vendee Financing is connected to VA mortgages that have become delinquent and gone into...
View ArticleVA 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 they too also apply?” We get many questions along these...
View ArticleGetting VA Loan Eligibility Restored After a Short Sale
ur most recent blog posts have covered topics related to the short sale of a home purchased with a VA loan. It's easy to assume you're locked out of the housing market after having to resort to a short...
View Article
More Pages to Explore .....