VA Loan Information
Guidelines and Important Information
Overview of the VA Home Loan Program
The more you know about the VA home loan program, the more you will realize how little "red tape" there
really is in using this veteran benefit. Find out how easy it is to get started.
VA Guaranteed Home Loans for Veterans
VA Pamphlet 26-4:
A Quick Guide for Veteran Homeowners and Real Estate Professionals
The main purpose of the VA home loan program is to help veterans finance the purchase of homes with favorable loan terms and at a rate of interest which is competitive with the rate charged on other type of mortgage loans. This pamphlet should help you to understand what the Department of Veterans Affairs can and cannot do for the veteran home purchaser.
VA Pamphlet 26-6:
Manufactured Home Loans for Veterans
This pamphlet is designed to help veterans planning to purchase or construct homes, particularly those veterans who intend to finance with a VA construction loan. It does not try to discuss the arguments
for or against homeownership. It is up to each veteran to decide whether homeownership is best for his or her family.
VA Pamphlet 26-71-01:
VA Direct Home Loans for Native Americans on Trust Lands
The questions and answers included in this pamphlet about this VA benefit are intended to cover major items of interest to veterans interested in buying a manufactured (mobile) home with a VA mortgage.
VA Pamphlet 26-93-1:
Fact Sheet on VA Guaranteed Loans
VA direct home loans are available to eligible Native American veterans who wish to purchase or construct a home on trust lands with a VA mortgage.
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. To to use this VA benefit, a veteran must apply to a lender.
VA LOAN ARTICLES
Read About Veteran Mortgage News, Updates, and Guidelines
Who Can Use the VA Loan Benefit?
Dependent children of veterans cannot have the VA home loan benefit transferred to them. Some of the confusion may arise from the fact that other VA home loan benefits have become transferable to dependents, such as the GI Bill.
VA Loan Myths: The Honorable Discharge Requirement
There is a common variation on a theme when it comes to questions of the VA loan rules that cover military discharges. Do VA Loan rules require a borrower to have an honorable discharge in order to qualify for the program?
A Frequently Asked Question About VA Appraisal Expiration Dates
There are plenty of common questions about VA loans in general, but where the appraisal process is specifically concerned, there is one the comes up very frequently about appraisal expiration dates and appraisal re-use.
Your VA Loan and Natural Disasters
Even if your home is uninhabitable after a fire, flood, earthquake or other disaster, keep on making your VA mortgage payments. Insurance claims are a complex and confusing portion of the disaster recovery process.
Answers to a Common Question About VA Appraisals
“I just bought a home using a VA Loan and just found out that the electrical circuits are not grounded. Is this something that should have been discovered at the time of the appraisal?”