Find out if you qualify for a low-rate VA loan. I wouldnt go so far as to say that sellers do not like VA Loans or Veterans, and I am not implying that the real estate agent that represents the buy has anything specifically against Veterans, but I am telling you that these real estate agents will not consider accepting an offer because of the type of financing, not the person trying to buy the home. But just so youre fully up-to-speed on why you might want to choose a VA Loan, let's take a closer look at VA Loans vs. a traditional mortgage. 43 comments. share. 09-13-2009, 11:34 AM Pauline May : 34 posts, read 91,006 times Reputation: 32. VA home loans allow a buyer the ability of not having to come up with a down payment. This thread is archived . That practice stopped years ago. As a result, you shouldnt look to your real estate agent for reliable information about VA loans. If youre considering a VA loan, there are some advantages to putting some money down on a home, if able. save. Home Page; VA Loans; Purchase; Refinance; Reviews; A well educated seller can put themselves in position to have far fewer headaches. Hours . November 11, 2016 RiskSpan . Myth #7: All realtors are good VA home loan advisors. You don't have to be a first-time home buyer; You can reuse the benefit; VA-backed loans are assumable, as long as the person assuming the loan qualifies; Additional Informative Links. The Tex Vet loan rate is set by the Texas Veterans Land Board, while VA loan rates are set by lenders in compliance with VA guidelines. Credit Counseling Service. The VA cash-out loan amount can be up to 100 percent of your homes value in many cases. VA and Partners Proudly Serving Veterans. Since 1944, VA and private industry partners have helped deliver the dream of homeownership to generations of Veterans and Servicemembers. Sellers are less likely to accept offers involving VA loans. Please keep reading. Dear RealtorVA is the best loan you can get. VA loans are a great opportunity for realtors on both sides of a contract negotiation. If the VA appraiser pegs the value of the house much lower than the agreed price the VA will not give the loan unless the price goes down. Appraisal issues are another reason some Realtor don't like VA loans. You simply take out a bigger loan than what you currently owe. It's not like sellers are required to accept any offer they receive. Page Transparency See More. The least we can do is give them the opportunity to make a strong offer to purchase your home. Often the Tex Vet loan will. Granted, it used to be the case that VA loans took weeks or even a month or longer just to get the loan approved and out of the VAs lending bureaucracy. From the listing agent perspective, the ONLY difference between a VA and conventional buyer is that: A pest inspection and clearance are required, and cant be waived. As noted, this inspection is meant to only look for issues that will be a significant cost to the homebuyer, or safety concerns. Second, VA borrowers have proudly served our country. VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Most agents are receptive once I explain the loan process. VA loans also dont require private mortgage insurance (PMI) payments, which can add up to 1 percent of the purchase price of loan payments. Making a cash offer to purchase a property, including a distressed property like a foreclosure or a home being sold at an auction, requires a knowledgeable realtor. Make a strong offer to purchase your home s not surprising that I hear! Like Comparable FHA loans a lot of money saved up are somehow a disadvantage in the buying process sweeter an. Sellers are required to accept offers involving VA loans since VA makes it a point say. 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