Tips & Special Topics
VA Home Loan Requirements
VA Loan Approval Requirements: Approval requirements for obtaining a VA loan through the Veteran Home Loan Guaranty program.
The Veteran Home Loan Guaranty program was first instituted in 1944. The purpose behind the loan program was to ease the adjustment of postwar economic problems for the millions of veterans serving the armed forces. While there have been some changes to the VA Loan program over ... Read More
VA Property Standards and Well Water: VA mortgage minimum property requirements should be considered by veterans wishing to finance a rural property. If the home is connected to well water there are a number of tests that may be required.
For VA borrowers wishing to finance rural property in remote areas with a VA mortgage, well water can be a tricky topic. Before being approved for any VA mortgage loan, the federal government requires an appraisal and inspection of the property to assure that it meets the VA ... Read More
Power of Attorney for VA Loans: An individual with POA in a VA loan transaction can act on behalf of a borrower who is unable to be present during the loan closing.
A power of attorney (POA) is authorization for someone to act in another person’s behalf in legal or business matters. An individual with POA in a VA loan transaction can act on behalf of a borrower who is unable to be present during the loan closing. The U.S. Department of ... Read More
