VA Home Loan Property Rules

VA home loan guidelines for property related requirements are unique.  VA home loans have requirements that a property must meet in order to be eligible for a VA home loan.  VA wants to ensure they are insuring home loans for properties that are safe, sound and secure. Apply for a VA Home Loan today. VA Home Loan Property Guidelines VA outlines property rules in their Lenders Handbook - VA Pamphlet 26-7 (specifically chapter #12).  While I am sure reading all 23 pages of this one … [Read more...]

VA Ch 7 Bankruptcy Rules for Veterans

If you ask the majority of Phoenix mortgage lenders when a veteran can buy using a VA mortgage after a chapter 7 bankruptcy the standard answer you would mostly likely hear is 2 years.  While 2 years is generally the waiting period after a chapter 7 bk, the true answer to that question is that VA looks at each borrower with a chapter 7 bankruptcy in the past 2 years on a case by case basis.  The VA guidebook reads as follows: "The fact that a bankruptcy exists in an applicant’s (or spouse’s) … [Read more...]