Does anyone quote for VA zero down on Zillow?

Profile picture for DarlaBR
I've put in quote requests here, but haven't received any responses for zero down (VA loan only -- 2nd time using). Excellent credit, stable income, no debt, relatively small loan considering what we're qualified for. Are zero downs just not done anymore at all, even on VA loans? Or are lenders here just unresponsive and it would be better to stick to local/direct lenders?
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July 15 2009 - North Bend
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Answers (11)

Profile picture for Colorado Lender
Self promotion


Chris, while in the process of confirmation did you happen to check out the thread at the very TOP of the page regarding SPAM?
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July 16 2009
Profile picture for cthomson77
[content removed by moderator for being self promotional]
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July 16 2009
Hi - I would call Jodi White at Sunset Mortgage Co.  She is awesome and would be happy to run a quote for you on this loan.  Her number at the office is:  503-594-1134 or her cell phone is:  971-235-1917....
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July 16 2009
Profile picture for Ice L.
Hi peanutt5 -

Thank you for your feedback.

We are hoping to add these other types of loan product to help customers compare and find the best secured loan rates for them. However, currently, our system does not support 100% financing such as VA, USDA and other loan type such as combo loans.

As you can see, your loan requests are not returning any responses because as mentioned by Sean, lenders don't see that you are requesting a VA loan. There are also certain requirements that would determine one's eligibility but our system is incapable of defining this. One good indication of this would be the APR. By using our current feature, notice the APR is higher than the actual because the system does not know that lenders are quoting a no Mortgage Insurance (MI) loan esp. for VA and USDA.

Again, we certainly want to add these products to our services in the future and we will let our confirmed lenders know so they can start quoting them.

Thank you for understanding.
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July 15 2009
Profile picture for DarlaBR
Thanks for the responses.

Thanks, Nic, for your quote. I appreciate that you went and looked for my quote request and responded.

Bob/Ken, I had already included notes in my quote requests. The latest quote request has the following in the comments:

********* VA loan only -- have used once in the past (paid and closed on good terms), no disability. *********
zero down if possible. 5% down if not.

Thanks again.
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July 15 2009
Profile picture for California Mortgage
Good idea guys, hopefully Zillow will address that issue soon and allow borrowers to select a VA loan request.  And while they are at it include an option for the USDA loan as well. 
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July 15 2009
Profile picture for Ken Kopper
Bob,  many of us have requested that Zillow add VA as a loan program to be requested and no response as of yet after at least 1year.

@Peanutt5, post another loan request and adivse that you are seeking VA guaranty program as 2nd time benefit user. Do you qualify to have the funding fee waived? (need at least 10% disability)

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July 15 2009
Profile picture for Bob Lowery
It would be nice if Zillow would add features to support VA loans.  I usually look at 100% LTVs on purchases, but if it doesn't mention that its a VA loan, I will skip it.

When you complete your loan request, place that you are looking for a VA loan within the comments/notes to Lender.
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July 15 2009
Profile picture for Colorado Lender
Peanutt5--Sent you a quote for a VA loan.  Log in to your 'quotes received' page and check it out.
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July 15 2009
Profile picture for California Mortgage
100% financing does still exist for VA loans.  However, lenders viewing your quote are most likely unaware that you are requesting a VA loan and simply only see the 100% Loan to Value.  You should try contacting a few lenders directly to help you with your specific needs.  Good Luck! 
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July 15 2009
Profile picture for Orin Sherman MBA
There are reputable mortgage companies in the Zillow buckets to the right side.  They offer featured rates but are sure to have VA rates if you contact them. 
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July 15 2009
 

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