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Will the VA loans finiance forclousers?

I am looking for a house in the range of $210.000. I have been aproved for that much.  looking of a 2 b/2/bath in Moreno Valley ca.
  • August 14 2014 - Moreno Valley
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Answers (3)

You can use a VA loan for foreclosures, but they have to be in livable condition.  If a home needs a lot of repairs VA may not finance it.  Some banks will repair their foreclosures and some will not.  
  • August 15 2014
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Yes you can buy a foreclosure with a VA loan.  We offer lender credits to pay your closing costs.  Many lenders will ask for $7-12k in fees and we credit instead of charge fees..
  • August 15 2014
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This shouldn't be a problem. Since you have been approved already your lender rep should be able to help you feel very comfortable with this. Finding the home you're looking for, on the other hand, will take a local expert in this market. I'd love to set up a search to check the new listings each day. When is a good time for you to view homes?

Bill Triplett
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  • August 14 2014
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