With a Va home loan, can I look at “any” real estate on the market for sale (homes) ?
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I was told I could buy any home that I choose once approved with the VA Mortgage Co. I am working with. I have also been led to believe that this is not true, that there are VA listings and then “others.” What’s the real deal?
i understand banks and realators don’t like va loans. where is a good place to find a mortgage company who will give one . how long does it take.
Almost 100% of the homes for sale will be willing and able to sell to you with a VA loan. It does require a little extra cost of the seller- so they can turn it down, but they probably don’t. And the condition has to meet certain minimum requirements. Of course there is also a maximum that VA will lend.
it’s best to ask your rep at the VA what properties are excluded. where I live I never saw property listings that specifically said VA on them.
Most sellers accept VA loans, but have your real estate agent review each listing you are interested in to confirm. VA appraisals can be a bit more strict than regular appraisals so sellers have to be willing to complete any improvements the appraiser requires.
Generally, you can use a VA loan on any home. The VA does, however, have inspection standards that must be met. See here: http://www.benefits.va.gov/homeloans/faqcv.asp
The vast majority of the sellers will accept VA but there are some standard requirements to be met.
Banks and Realtors love VA loans. They help our servicemen and women afford a home. Go to the VA web site and see if they have a list of lenders for your state. Also, many large banks offer VA loans. I know Baird & Warner Financial offers VA and FHA loans.
Go to Wells Fargo, they are pushing VA loans right now and the rates are unreal. Good luck.
What? I love VA loans! I don’t know anyone who doesn’t. Call local lenders to see if they are authorized to issue VA loans.
It takes 30 – 45 days to close VA loans.
Any mortgage banker should be able to do a VA loan. I have one closing Sept 30. I got him 6% with no points & no origination. He thinks I hung the moon.
As you can see, every bank and loan officer loves VA loans. I agree, although I am not a loan officer anymore. Check Wells Fargo (my former employer) and be ready to provide all of your paperwork. But, rate shop without a hit to your credit because everyone is having problems finding good customers…like you :}. Try your credit union, I want to say that their rates are always better.
I wish you the best! Buying a home is always a good investment.