Did You Know that VA Grants are Available for a Disabled Veteran to: Update their existing home Update a home they want to purchase Build an accessible home on land that they own This is a Life-Changing Program for Disabled Veterans to Update their Home for Greater Accessibility! VA Offers Grants up to $100,896 to update a home […]
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Related Article Title: Refinancing 2 VA IRRRL Loans Question: My client has 2 VA Loans. He lives in one home and his ex-wife lives in the other. Is occupancy required to do an IRRRL or can he refinance both as an IRRRL? Answer: VA will allow both loans to be refinanced as IRRRLs. The borrower […]
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Question: My client is purchasing a home with a pool and the MLS states “pool pump is not working”. However, the pool is filled with water and visually looks like any other functioning pool. Will the appraiser require this to be fixed? Answer: I would expect the appraiser to note the defect and require the […]
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Question: My Veteran client would like to purchase a home with his adult son using his VA Benefit. Are there any issues with that situation? Answer: The son can be a co-borrower on the loan. This type of loan is called a Joint Loan. If the son is not a veteran: Technically you can do […]
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Question: My client has 2 VA Loans. He lives in one home and his ex-wife lives in the other. Is occupancy required to do an IRRRL or can he refinance both as an IRRRL? Answer: VA will allow both loans to be refinanced as IRRRLs. The borrower will have to certify that they used the […]
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