Tim Lucas

Tim Lucas spent 11 years in the mortgage industry before joining Full Beaker to head up its mortgage websites. He's helped thousands of families buy and refinance real estate at banks and mortgage companies, and now continues that mission as Managing Editor of The Mortgage Reports. Tim has been featured in national publications such as Time, U.S. News and World Report, MSN, Scotsman Guide, and more.


Articles by Tim Lucas


Appraisal process for VA home loans | 2021

Appraisal process for VA home loans | 2021

Posted on: October 20, 2021

When you enter a contract to buy a new home, your VA lender will order your VA appraisal. This VA home appraisal has two goals: To define the fair market […]


How To Choose Your Mortgage Points and Rate

How To Choose Your Mortgage Points and Rate

Posted on: October 14, 2021

What are VA loan points, and should I buy them? These are important questions for homebuyers because they affect upfront and long-term borrowing costs. Whether you should buy points depends […]


How To Find Out If Your Condo Is VA Approved | 2021

How To Find Out If Your Condo Is VA Approved | 2021

Posted on: October 11, 2021

Can you use a VA loan to buy a condo or townhome unit instead of a single-family home? Simply put, the answer is yes. When the condo is located within […]


VA Mobile Home Loans | Manufactured Home Requirements 2021

VA Mobile Home Loans | Manufactured Home Requirements 2021

Posted on: September 23, 2021

The short answer is yes. Financing manufactured homes (also sometimes called modular or mobile homes) is in fact allowed under VA mortgage guidelines. These are known colloquially as mobile home […]


Common VA Loan Questions Answered

Common VA Loan Questions Answered

Posted on: August 4, 2021

Plenty of eligible homebuyers don’t know what the VA loan is, which is unfortunate because this is one of the best home loan products available. A lender who specializes in […]


VA Loan Myths

VA Loan Myths

Posted on: August 4, 2021

Because of their complexity relative to other loan programs, VA loans are the subject of plenty of misconceptions. If you were to take these myths at face value without doing […]


VA Appraisal Checklist & Guidelines 2021

VA Appraisal Checklist & Guidelines 2021

Posted on: August 3, 2021

Whether you’re looking to buy a home with a VA loan or refinance through the VA, you’re going to have to use a VA appraisal. An appraisal is when lenders […]


VA Entitlement Codes 2021

VA Entitlement Codes 2021

Posted on: August 3, 2021

To qualify for a VA loan, you will need to provide your certificate of eligibility to your lender. A certificate of eligibility (COE) proves that you’re entitled to VA home […]


Can You Rent Your House If You Have A VA Loan?

Can You Rent Your House If You Have A VA Loan?

Posted on: August 3, 2021

The VA wants their mortgage program to get veterans and active military into houses, not for people to get vacation homes or investment properties. VA occupancy requirements state that current […]


How To Calculate VA Residual Income | 2021 Charts

How To Calculate VA Residual Income | 2021 Charts

Posted on: August 3, 2021

If you plan to buy a home with a VA home loan, you’ll want to know about VA residual income and how this calculation can help you. What is VA residual income? […]