ARCHIVED BLOG POSTS
2012
The Department of Veterans Affairs has a rulebook for VA home loans which includes a list of minimum property requirements that are used to guide VA appraisals. One of the most frequently asked questions about VA home loans in general is, “What does the VA appraiser look for?” While the answer to...
06/06/2012
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A reader asks, “Can the rental income from a multi unit property be used at least partially to qualify for the loan? I know in the past that it could as long as the veteran had six months of cash reserve on hand to cover rental vacancies.” This question comes up frequently; some borrowers want to...
06/05/2012
VA loan rules about verifiable income can be a bit confusing–especially if you’re new to the VA loan program. One reader asks, “I am a bit confused with your reply to (a previous reader question) about BAH from Post 911 counting as income for a VA loan with USAA. You stated that the BAH is not in...
06/05/2012
Some of the most frequently asked questions about VA PUD/condo loan approval have to do with requirements to get a project included on the VA “approved” projects list. The Department of Veterans Affairs once maintained a list of VA-approved condos and Planned Unit Developments at the now-outdated...
06/03/2012
VA home loans require income verification as part of the loan approval process. One reason for this is so the lender can calculate the borrower’s debt-to-income ratio using income that has been shown to be reliable and “likely to continue” as the VA loan rulebook puts it. Qualified VA loan applic...
05/31/2012
Rainmaker
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475,198
Bruce Reichstein
FHA / VA One-Time Close Loans - Nationwide