Who qualifies for VA home loans?

Answer VA home loans are available to veterans and active duty Armed Forces members that meet the service and discharge requirements established by the U.S. Department of Veterans Affairs. Surviving spous... Read More »

Top Q&A For: Who qualifies for VA home loans

What kind of home qualifies for the first time home buyer credit?

Home buyers who haven't owned a home in the previous three years can get a tax credit of up to $8,000 on their federal income tax return. For most buyers, the home must be under contract by April 3... Read More »

Who qualifies for an fha home loan?

FHA (Federal Housing Administration) is an insurer of mortgages, not a direct lender. Since 1934, it has insured millions of homes. Though an FHA loan is easier to obtain than a conventional loan, ... Read More »

What Qualifies for a Rural Home Development Loan?

The U.S. Department of Agriculture (USDA) sponsors programs for rural home loans through its Rural Development arm. The guaranteed and direct loan programs provide funding for low-income individual... Read More »

What qualifies as a second home for federal tax deductions?

A second home that you have not rented out or listed for sale at any point during the tax year is always considered a second home for federal income tax purposes. If you have rented the home out f... Read More »