With a Va home loan, can I look at “any” real estate on the market for sale (homes) ?

Deal Score0

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.

  1. Reply
    February 24, 2011 at 8:13 am

    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.

  2. Reply
    Because I Said So
    February 24, 2011 at 8:42 am

    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.

  3. Reply
    February 24, 2011 at 8:48 am

    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.

  4. Reply
    February 24, 2011 at 9:25 am

    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

  5. Reply
    Ricky Tanner
    February 24, 2011 at 10:03 am

    The vast majority of the sellers will accept VA but there are some standard requirements to be met.

  6. Reply
    February 24, 2011 at 10:25 am

    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.

  7. Reply
    Destiny 777
    February 24, 2011 at 11:17 am

    Go to Wells Fargo, they are pushing VA loans right now and the rates are unreal. Good luck.

  8. Reply
    February 24, 2011 at 11:25 am

    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.

  9. Reply
    Lisa L
    February 24, 2011 at 11:42 am

    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.

  10. Reply
    February 24, 2011 at 12:09 pm

    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.

    Leave a reply

    Register New Account
    Reset Password