VA Circular 26-22-18: 2023 Conforming Loan Limits and How They Affect Partial Entitlement
What Is VA Circular 26-22-18?
The Department of Veterans Affairs (VA) regularly releases circulars to announce policy updates for the VA Home Loan program. Circular 26-22-18, published in late 2022, provides the Federal Housing Finance Agency (FHFA) 2023 conforming loan limits, which determine how much a Veteran may borrow under certain entitlement conditions.
If you have
The Standard Purchase VA Loan
VA Loan Requirements
Before we get into the standard purchase, we need to remind ourselves of some of the basic eligibility requirements to participate in the VA home loan program. So first of all, is this person a veteran, if so, we need their COE. Do they have their DD214? Did they provide their statement of
No Need for Private Road Maintenance Agreement
VA Circular 26-22-17
On November 25th of 2022, a new VA circular pertaining to private roads and shared driveways
was released. Now, effective immediately, the VA is no longer requiring that a veteran obtain a private road maintenance agreement
to meet the minimum property requirements of the VA
home loan. The VA will be requiring that a public easement
How your credit score may INCREASE significantly
Credit Score Increase
Starting July 1st all Medical collections will be reviewed and MAY be ignored on credit reports. Your payment history is 35% of your credit score. In the past this debt could affect your credit score for up to 7 years. Eliminating medical collections on credit scores will significantly increase credit scores for many people. This means your CREDIT
Do Sellers Really Avoid VA Offers? The Truth Behind the VA Loan Bias Myth
The Misunderstanding About VA Offers
You’ve probably heard it before: “Sellers don’t like VA offers.”
But here’s the truth — the VA loan itself isn’t the problem. Misunderstanding is.
Imagine there are five offers on a home. The highest offer comes from a VA buyer, but another offer is conventional with a 30% down payment. Some listing agents
Understanding VA Appraisals: Myths, Minimum Property Requirements, and Tidewater Explained
Why VA Appraisal Problems Usually Come from Misinformation
Most issues that come up during a VA home loan stem from misinformation, not the program itself.
Some agents or lenders avoid VA offers because they’ve “heard” appraisals take longer or always require extensive repairs. In truth, those challenges often reflect a lack of VA experience, not actual VA policy.
