Tips & Special Topics
VA Loan Documents
Verification of VA Benefits with VA Form 26-8937: VA Form 26-8937, otherwise known as Verification of VA Benefits, is used by VA mortgage lenders.
VA Form 26-8937, otherwise known as Verification of VA Benefits, is used by VA mortgage lenders if a potential borrower fits one of the following criteria:
• Veteran currently receives VA disability payments
• Veteran has received VA disability payments in the past
• Veteran receives retired pay in lieu of VA disability payments ... Read More
VA Loans - IRS Form 4506-T: Many VA-approved mortgage lenders will ask borrowers to complete IRS Form 4506-T, Request for Transcript of Tax Return.
Many VA-approved mortgage lenders will ask borrowers to complete IRS Form 4506-T, Request for Transcript of Tax Return. The purpose of the form is to authorize the lender to receive a transcript of the borrower’s tax return.
A tax return transcript is different than simply a ... Read More
Forms Used in VA Loan Assumption: When a VA-guaranteed mortgage is assumed by another veteran there are certain forms that need to be completed.
When a VA-guaranteed mortgage is assumed by another veteran there are certain forms that need to be completed. The forms used in VA loan assumption assure that the seller is released from liability and that the liability is transferred to the buyer. The forms used during ... Read More
About VA Form 26-6393: VA Form 26-6393 is an important form used by VA underwriters to help determine an applicant’s ability to pay for a VA loan.
VA Form 26-6393 is an important form used by VA underwriters to help determine an applicant’s ability to pay for a VA loan. The form is not filled out by borrowers. Rather, it is a tool that helps underwriters keep track of borrower qualifications when being ... Read More
Using VA Form 26-6382 for Loan Assumption: VA Form 26-6382, Statement of Purchaser or Owner Assuming Seller’s Loan, is used during VA loan assumption.
VA Form 26-6382, Statement of Purchaser or Owner Assuming Seller’s Loan, is used during VA loan assumption. The form, to be completed by the buyer, assists the VA in gathering information for releasing liability to the government on the home loan held by the seller.
If ... Read More
