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A Curious User
2 years ago
I'm shopping around for hurricane coverage for my VA home loan. My agent is asking me if I want a 2%, 3%, 5%, or higher amount of deductible. I would like to know what is acceptible.
 
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Best Expert Answer
Bruce Reichstein... Answered 89 more questions
2 years ago
The maximum allowable deductible for insurance covering a property (including common elements in a PUD, condo, or co-op project) securing a first mortgage loan is 5% of the face amount of the policy. When a policy provides for a separate wind-loss deductible (either in the policy itself or in a separate endorsement), that deductible must be no greater than 5% of the face amount of the policy.
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A Curious User
2 years ago
I am a retired veteran and found a single family home that I'd like to buy using my eligibility. The listing agent told me that the property for sale sits on 12 acres of land. I have been informed that the VA guidelines would allow me to do this with VA financing. Does anyone know for sure if this is allowed?
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A Curious User
2 years ago
I am an eligible veteran and want to purchase a home in Georgia. I am currently overseas working for a military contractor and want to buy a home where my wife and children currently live. I read that the VA requires the home be owner occupied and wanted to know if there were any exceptions to this rule for family members.
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A Curious User
2 years ago
My husband died from a service connected disability and I'm currently looking to purchase a home. I want to know if I am eligible to use his VA home loan benefits.
My husband died from a service connected disability and I'm currently looking to purchase a home. I want to know if I am eligible to use his VA home loan benefits.
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A Curious User
2 years ago
My wife and I are interested in purchasing a condo unit we have had our eyes on for some time. We want to know if a website exists with up to date information to see if the condominium complex is VA approved.
My wife and I are interested in purchasing a condo unit we have had our eyes on for some time. We want to know if a website exists with up to date information to see if the condominium complex is VA approved.
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A Curious User
2 years ago
I used by VA home loan eligibility on a home purchase back in the 80’s. I paid as agreed and the house was paid off years ago. I want to purchase another home utilizing my VA eligibility again and wanted to know how to do this.
I used by VA home loan eligibility on a home purchase back in the 80’s. I paid as agreed and the house was paid off years ago. I want to purchase another home utilizing my VA eligibility again and wanted to know how to do this.
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