A seller can pay 100% of a veteran’s normal closing costs on a VA loan with no limit at all. The 4% rule only caps a narrower set of extras people usually lump in by mistake.
A VA construction loan combines the land, the build, and the permanent mortgage into a single one-time-close loan, using the same entitlement rules as a standard VA purchase.
VA will guarantee a loan on a single-wide manufactured home for up to 20 years and 32 days, ten years short of a standard VA mortgage. Here’s why, and what it means for the land underneath it.
An appraiser flagged peeling paint and a $10,500 value gap on Elena Reyes’s 1968 ranch. Two VA-specific tools, used in the right order, closed both before closing day.
A veteran who still owes money on his first VA loan learns his second home purchase needs a down payment after all, because partial entitlement never got the 2020 loan-limit exemption full entitlement did.
A signed Certificate of Eligibility gets a veteran to the closing table, but VA loan rules still require someone to move in. Here is who qualifies for the deployment, spouse, and construction exceptions.
A veteran who lost a home to foreclosure or came out of bankruptcy often assumes the VA home loan benefit is gone. It isn’t automatically gone, but a waiting period and a reduced entitlement balance usually apply first.
Converting a conventional mortgage into a VA loan only happens one way, a cash-out refinance, and the funding fee on that path costs far more than a rate-and-term IRRRL.
A federally recognized tribe, a Certificate of Eligibility, and land on the trust rolls are the three things that decide whether the VA Native American Direct Loan is even on the table.
A veteran selling his home found out his 5.25% VA loan rate was worth more to the buyer than a new mortgage. Assumption let the buyer keep it.