ARCHIVED BLOG POSTS
2012
I get many reader comments about VA home loans and am always happy to answer questions about the process. One common question involves the length of time it takes to get a VA appraisal done. Some borrowers want to know how long the process takes and whether the VA loan program has deadlines for g...
04/05/2012
A reader asks, “Our house and property lost about 70,000 in value after the housing market collapsed, and in addition, we have found many things wrong with our house that we can no longer afford to repair. We have a VA loan and are not behind on our payments. We need to move due ot our recently e...
04/04/2012
We encourage readers to ask questions about theVA home loan program in the comments section of our blog posts. Some readers want to know if they are eligible for VA mortgages because of past credit difficulties like bankruptcy and foreclosure. Others want to know if they are eligible for VA loans...
04/03/2012
One common question about VA insured home loans is the availability of money back to the borrower on a new purchase loan. We’ve gotten several questions recently about money back from new purchase VA loans. Can a borrower get money back by applying for a loan larger than what’s needed to purchas...
04/02/2012
There are a variety of frequently asked questions about appraisals, and some of those questions involve the rules covering electrical systems, high voltage and related topics. Since not all homes sold are brand-new, borrowers are right to wonder what the rules might be for older homes. How does ...
04/02/2012
A reader asks, “I see that commercial properties are not covered inVA loans. What if we intend on living in property while renting second part of house, i.e. a duplex?” VA loan rules permit borrowers to purchase properties that have up to four units. Department of Veterans Affairs rules state tha...
04/01/2012
Rainmaker
475,198
475,198
Bruce Reichstein
FHA / VA One-Time Close Loans - Nationwide