Bruce Reichstein's (brucereichstein) Blog

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ARCHIVED BLOG POSTS

2012 

The Department of Veterans Affairs annually revises its maximum loan guaranty information--the VA maximum guaranty data for one year may not necessarily be the same is it was for the previous year. This is due to a variety of factors that affect the housing market. According to the VA official si...
11/29/2012
The Department of Veterans Affairs has modified several policies as a result of the passage of Public Law 112-154, known as the “Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012″. One important change to VA policy as a result of this law affects the surviving spouses ...
11/28/2012
In a previous blog post, I answered a reader question about VA loan assumptions. As part of that answer, I quoted Chapter Five, Section Seven of VA Pamphlet 26-7 which lists the rules for VA loan assumptions. VA loans may be assumed, but in most cases today the VA must be notified and may choose ...
11/27/2012
A reader asks, “I inherited my parents VA home. I want to know if I can do an assumption on the loan and who do I contact to do this? Will I have to pay for any fees?” VA loan rules for loan assumptions are described in VA Pamphlet 26-7, Chapter Five, Section Seven. VA loansare definitely assumab...
11/27/2012
As part of Public Law 112-154, better known as the Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012, the Department of Veterans Affairs has changed the way it evaluates applications for VA loan funding fee waivers. Any eligible VA loan applicant who receives or is elig...
11/26/2012
A reader asks, “Hello, My question is about VA home loans. 1. I qualified for a VA home loan in Colorado back in 1993. 2. I paid off the loan in 2000. 3. My wife and I want to buy a second home in another state, New Mexico. We want to keep our house in Colorado. We want to summer in Colorado, win...
11/25/2012
Today is Black Friday, the biggest retail shopping day of the year and a time when many find incredible bargains at their favorite shops. With people camping out in advance of the post-Turkey Day shopping spree, and many getting their credit cards ready for a big round of holiday gift-buying, it’...
11/22/2012
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From everyone at VALoans.com, we wish you a happy and safe Thanksgiving. We’d like to take a moment to say a special THANK YOU to our nation’s veterans and currently serving military members. There are so many men and women in uniform, plus family members who are all overseas serving and supporti...
11/21/2012
A reader asks, “Where can we forward spam emails that we receive that claim to be from VA Loans as I’ve been instructed that I should also make the business that’s being fraduly represented aware of the issue (I’m positive it’s fraud as I nor am any immediate family veterans).” There are plenty o...
11/20/2012
A reader asks, "I recently had a VA appraisal accomplished on a home I wish to buy. My credit is good and the house appraised at $15,000 above the seller's asking price." "The house is a geodesic dome construction and is in good shape. The lender decided that they needed another appraisal because...
11/20/2012
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