Follow these 6 requirements for the VA loan application process:

According to VA guidelines, military mortgages are for eligible borrowers who occupy their homes and are not typically used to finance income property. But, there are exceptions to every rule.

After the housing bubble burst in 2007, many parts of the country saw a decrease in real estate values. Is it okay to seek a VA refinance loan if your home has decreased in value?

A loan modification often provides a second chance for a VA borrower nearing foreclosure. Earlier this year the VA finalized new loan modification regulation.

You’ve got a mortgage and you want to refinance with a VA loan, only your credit has deteriorated since you qualified for your last mortgage. You may still qualify.

Military members serving overseas often find it difficult to contact VA lenders regarding home loans because of time differences. But, relief may be in sight for many of these overseas servicepersons with a time-friendly resource for finding out veterans benefits information.

The Fair Housing Act was passed as part of the Civil Rights Act of 1968. The law helps protect every mortgagee, including VA borrowers. Under this umbrella, military borrowers seeking VA-guaranteed loans are protected against biased treatment during their VA loan processes.

VA Form 26-6393 is an important form used by VA underwriters to help determine an applicant’s ability to pay for a VA loan.

One thing that is the same between VA and conventional loans is the paperwork. Before you begin looking at homes, it is a good idea to get your loans preapproved so that you can act quickly if you find a home you like and help you target homes that you can afford.

VA loan assumption can be a sensible option for some VA-eligible borrowers who want to save money.