Posted on: 31st May, 2012 03:33 am
Hi there… we're approved for a VA loan. We found a home that we love and it's a short sale. I have a call out to my loan officer but in the meantime, does anyone know if you can buy a short sale property with a VA loan?
As far as I know, you won't face any problems in buying a short sale property with the help of a VA loan.
Hello silven,
Banks have increased restrictions and tightened lending. Homeowners who owe a lot on their home are forced to apply for short sale permission. To top it off, small investors are removing their money from the stock market and buying real estate increasing your competition.
Potential buyers are looking for ways and sources to supplement loans, assists with closing costs and open doors to buying a home. The Veterans Administration Home Loans is an avenue that many people are heading down.
:idea:
Banks have increased restrictions and tightened lending. Homeowners who owe a lot on their home are forced to apply for short sale permission. To top it off, small investors are removing their money from the stock market and buying real estate increasing your competition.
Potential buyers are looking for ways and sources to supplement loans, assists with closing costs and open doors to buying a home. The Veterans Administration Home Loans is an avenue that many people are heading down.
:idea:
Hi Silven!
Welcome to forums!
Niicss is absolutely correct. You can purchase a short sale property with the help of a VA loan. As far as I know, the VA lenders won't object to this.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Niicss is absolutely correct. You can purchase a short sale property with the help of a VA loan. As far as I know, the VA lenders won't object to this.
Feel free to ask if you've further queries.
Sussane
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