What are VA Non-Allowable costs and How do they affect me?

Misconceptions about VA Non-Allowables There are several misconceptions regarding VA loans in the real estate community; one being the issue of non-allowable costs. VA non-allowable costs are costs that the veteran is not allowed to pay. As a real estate broker, I have heard so many false, inaccurate statements about VA non-allowable costs. Many realtors […]

Veteran Benefits Bill Ushers in VA Loan Changes

Article originally published on August 9, 2012 in the Fort Bragg Patch by Chris Birk Updates will help surviving spouses, service members with disabilities, married military couples and more. Some key changes to the VA home loan program are on the way now that a wide-ranging veteran benefits bill is on the books. President Obama […]

VA Loan Policy on Natural Disasters

In the event that there is a declaration of a major disaster, the following is an outline of VA requirements regarding loans secured by properties in areas designated by Federal authorities as a result of a natural disaster such as hurricanes, tropical storms, tornadoes, etc. When the President declares a disaster, lenders and servicers must […]