How long to wait for VA loan letter on house we are selling?The house we are selling was supposed to close on Thursday (July 29) but did not due to the VA loan letter not having been received. It didn't close Friday either, even though the documents were all ready to be signed. How long should we wait before releasing our buyers from the contract? It didn't close on the original closing date of July 19 because the wife had a change in employment status to salaried to being paid per patient and the loan was denied. The buyers have obtained new financing and everything is in place except for this document. We are more than a little frustrated since we are now in another state and would like to purchase a home and get our life back on track. We had a lot of interest in the house and it shouldn't be hard to sell if we have to put it on the market. We think our buyers are perhaps not in the best financial situation and wonder how likely it is that they ever get the VA letter. July 31 2010 - Chesapeake00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.