Government Loans
VA Loan Assumptions Explained for Buyers and Sellers
A VA-backed mortgage may be assumable, but the transfer must be approved. The seller’s liability and entitlement do not disappear…
VA Loans
Plain-English guidance about VA loan eligibility, entitlement, funding fees, appraisals, and the mortgage process.
Government Loans
VA IRRRL Explained: When a Streamline Refinance Makes Sense
An IRRRL refinances an existing VA-backed loan to improve rate or payment stability. “Streamline” does not mean free, instant, or…
Government Loans
VA Cash-Out Refinance: Requirements, Equity, and Risks
A VA cash-out refinance can replace a VA or non-VA mortgage and may allow equity withdrawal, but the new loan…
Government Loans
VA Loans for Surviving Spouses: Eligibility and COE Basics
Certain surviving spouses can qualify for VA home loan eligibility, but the status must be established through VA before a…
Government Loans
VA vs. FHA vs. Conventional Loans: How to Compare the Real Costs
The best mortgage is not determined by one advertised rate. Eligibility, insurance, cash, property, credit, and time in the home…
Government Loans
VA Minimum Property Requirements Explained Simply
VA minimum property requirements focus on basic safety, sanitation, structural soundness, and marketability. They are not a promise that the…
Government Loans
Low VA Appraisal: Escape Clause, Reconsideration of Value, and Buyer Options
A VA loan is generally based on the lower of the purchase price or VA’s reasonable value. A low appraisal…
Government Loans
VA Condo Approval: How to Check a Project Before You Buy
For a VA condo loan, the borrower and unit must qualify, but the condominium project also has to be acceptable…
Government Loans
VA Manufactured Home Loans: Property and Foundation Requirements
VA financing can be used for eligible manufactured housing, but the home, land, title, foundation, and lender program must fit…
Government Loans
Buying a Two-to-Four-Unit Property With a VA Loan
An eligible borrower may use a VA purchase loan for a residential property with up to four units, but the…