The VA mortgage for qualified veterans is an excellent resource for buying a home. However, since it is a financial product, many rules and guidelines govern how the loan can be used.
Thankfully, the majority of the rules can be easily explained with a bit of patience and time.
I have assembled a list of the most important VA guidelines. Nearly all of these rules and guidelines will apply to a VA mortgage whether it is a purchase transaction or a refinance loan.
Having a good understanding of these rules will make the loan process easier and give you more confidence when you are discussing your options with your mortgage lender.
20 VA Mortgage Guidelines