VA Loans for Veterans
Read About News, Updates, and Guidelines
The people at VALoans.com specialize in getting VA mortgage loans for our customers. We offer a full menu of VA loan products focused on meeting the home financing needs of active duty military and veterans across the country. Our complimentary pre-approvals give you the comfort you need to shop for your home with confidence.
VA LOAN ARTICLES
Read About Veteran Mortgage News, Updates, and Guidelines
The Truth About VA Appraisals
The VA Lender’s Handbook has a wealth of information about VA appraisals and the appraisal process. In it, you’ll find an entire chapter dedicated to appraisals and the rules that guide them.
Is Hazard Insurance Required for Suburban Homes?
Hazard insurance issues for suburban homes may differ from those of condos and townhomes, but one thing common to all hazard insurance policies is the issue of who receives the insurance payout if a claim on the insurance is necessary.
Can a Spouse Alone Apply for a VA Loan?
One not-so-frequently asked VA loan question (but one that is important to address regardless) involves the eligibility of a spouse to apply for a VA loan without the participation of the veteran.
Hazard Insurance for Condos and Townhomes
VA home loan rules do not include a requirement for private mortgage insurance. In essence, the VA holds the lender responsible for making sure the appropriate hazard insurance is obtained for properties that may be affected by known flood zones.
Owning Other Property While Applying for VA Mortgage
Borrowers should know that in cases where the debt-to-income ratio approaches 40% or higher, there may be difficulty with VA loan approval without compensating factors such as substantial cash reserves, a down payment, or other factors.
VA Loan Benefits for the Spouse Alone?
In general, VA loan rules that cover VA loan eligibility for a new purchase have specific guidelines for active duty, members of the Guard and Reserve, as well as regulations that address VA loan eligibility for military spouses in two separate categories
Are There Title Restrictions on VA Loans?
VA loans are assumable. The owner can allow another person to assume responsibility for the loan with the participation of the lender, and there should be no restrictions on the owner’s ability to sell the home.
VA Loan Funding Fee Rules for Second-Time Use
The amount of your VA loan funding fee (at the time of this writing) is calculated depending on a variety of factors: how much down payment is made on the VA loan, whether the borrower is or was active duty, Guard or Reserve.
VA Loan Funding Fee Exemptions and Second Time Use
When you buy a home with a VA mortgage, there are associated fees and expenses including VA appraisal fees, and the VA loan funding fee. Generally, all Veterans using the VA Home Loan Guaranty benefit must pay a funding fee.
The Good Neighbor Next Door Program
There are many types of VA home loans available for qualified borrowers, but there are some programs that accept VA loans that aren't as well known. One is known as the Good Neighbor Next Door program.