FHA / VA One-Time Close Blog

A reader asks, "I am trying to buy a house. It was a single wide but was rebuilt and doubled in size. When they appraised it 6 years ago they classified it as a house, not a trailer." "I have went to several websites for a loan and they all tell me that since it started out as a single wide they ...

A reader asks, "I am a disabled veteran so Can I use my exemption from VA fees again?" While the reader does not mention the VA loan funding fee by name, it's safe to assume he or she is talking about the VA loan funding fee (as opposed to closing costs, VA appraisal fess and other requirements a...

A reader asks, "My Mom and Dad bought their last home on VA. Now that my Dad has died of natural causes can my mom still get a VA loan?" The first thing any borrower or potential VA loan applicant should do when dealing with these types of questions is to contact the Department of Veterans Affair...

The Department of Veterans Affairs has issued VA Circular 26-13-11, which announces mortgage relief and other information for those with VA mortgages who are affected by the fire in Colorado Springs, Colorado. According to the circular, "Directly affected by the Colorado Springs fire are those wh...

In May of 2013, nearly a full month ago at the time of this writing, the Department of Veterans Affairs released a VA Loan Circular announcing disaster relief for VA borrowers who were victims of the Oklahoma tornadoes. That circular stated, "Directly affected by Oklahoma’s severe storms and torn...

A reader asks, "I’m looking at using my V.A., I used it once before in 1990, but sold that home. I haven’t used it since. I need to know what steps I need to take in using it again, please let me know and thank you for your time." VA loan rules allow a borrower who has used their VA loan benefits...

A reader asks, "I am purchasing a home and had a VA appraisal one week ago. He sent a message that as part of the Tidewater Initiative he is letting us know that the appraised value appears to likely to come in under the sales price and per the Tidewater Initiative he is not allowed to discuss va...

There is a program offered by the Department of Housing and Urban Development known as the Good Neighbor Next Door program, or GNND for short. Under this HUD program, the government "offers HUD owned single family (one-unit) homes to eligible participants at a 50% discount." A half-price home is ...

A reader asks, "I received a letter that states it is from the IRRRL Dept and called about refinance info and am starting to wonder if this is a legitimate. They have the original bank I used and it has been sold numerous times and is now with Wells Fargo. This says it is a third party offer. Hav...

A reader asks, "I am looking to buy a property. It has a tree in the front yard close to the house, the tree is leaning to one side and the roots are above ground going towards the house. Would this be an issue with a VA appraiser? The tree is about 10 years old." The most important thing to reme...