Archives: September 2011

Lowered Cost for VA Home Financing

There are some changes taking effect on October 1, 2011 when using  VA financing to buy a home.  VA financing has always been an attractive 100% financing program for qualified veterans (and national guard or reservists) and now it will be even better!  VA financing just requires a financed funding fee  paid at closing and no […]


Automatic Subordinations in Virginia

With home loan rates being so low right now, almost everyone wants to refinance to take advantage of the lower interest rates.  If a home has a second loan (like a home equity loan or a second trust loan), it is  required to seek a subordination of the second  loan from the bank holding that financing.  Some banks […]


New UAD Format for Appraisals

Effective September 1, Fannie Mae and Freddie Mac are requiring all new appraisals to be subject to the new UAD format.  Government agencies certainly love using acronyms.  UAD stands for Uniform Appraisal Data which is an attempt to standardize appraisals so that the information in appraisals is more consistent across the board. Bathrooms will be […]