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  • April 28, 2009 at 10:36 AM #15567
    AK
    Participant

    I see this listing:

    (link removed)

    The description states explicitly: “No VA buyers.” However, according to the listing details, FHA is OK. Whisky Tango Foxtrot, over!

    I understand that sellers may wish to avoid the perceived and/or real complications that come with FHA/VA financing, but I see no reason to discriminate against VA while accepting FHA. Seems to be anti-military and anti-veteran discrimination to me.

    April 28, 2009 at 10:48 AM #388780
    sdrealtor
    Participant

    property may not meet VA guidelines

    April 28, 2009 at 10:48 AM #389438
    sdrealtor
    Participant

    property may not meet VA guidelines

    April 28, 2009 at 10:48 AM #389299
    sdrealtor
    Participant

    property may not meet VA guidelines

    April 28, 2009 at 10:48 AM #389246
    sdrealtor
    Participant

    property may not meet VA guidelines

    April 28, 2009 at 10:48 AM #389044
    sdrealtor
    Participant

    property may not meet VA guidelines

    April 28, 2009 at 11:28 AM #389074
    NotCranky
    Participant

    I just went over this with a mortgage broker to find out what programs would cover various levels of disrepair in a property. As has been the case for many years VA is the more strict of the two programs. She said right now that is even more so the case.Don’t take this as a set answer however it always makes sense to ask around. FHA has its requirements which are as much bureaucratic hoops to jump through, IMO, as they are about quality control but some quality control is there. Even FHA 203k will not allow for serious problems like cracked slabs.

    When I used my VA in 1995, I was allowed to buy a fixer, with no repairs in escrow, that FHA would have never allowed. It is important to keep in touch with a good mortgage broker or a least ask your loan originator about these trends before writing offers.In case anyone doesn’t know, you can give the lender the MLS number and some descriptions of the defects and ask them what it would take to make it through a possible escrow.You can also use your real estate agent to help find a match of loan to property. People waste a lot of time and emotion with loan/ property mismatches sometimes.

    April 28, 2009 at 11:28 AM #389468
    NotCranky
    Participant

    I just went over this with a mortgage broker to find out what programs would cover various levels of disrepair in a property. As has been the case for many years VA is the more strict of the two programs. She said right now that is even more so the case.Don’t take this as a set answer however it always makes sense to ask around. FHA has its requirements which are as much bureaucratic hoops to jump through, IMO, as they are about quality control but some quality control is there. Even FHA 203k will not allow for serious problems like cracked slabs.

    When I used my VA in 1995, I was allowed to buy a fixer, with no repairs in escrow, that FHA would have never allowed. It is important to keep in touch with a good mortgage broker or a least ask your loan originator about these trends before writing offers.In case anyone doesn’t know, you can give the lender the MLS number and some descriptions of the defects and ask them what it would take to make it through a possible escrow.You can also use your real estate agent to help find a match of loan to property. People waste a lot of time and emotion with loan/ property mismatches sometimes.

    April 28, 2009 at 11:28 AM #388809
    NotCranky
    Participant

    I just went over this with a mortgage broker to find out what programs would cover various levels of disrepair in a property. As has been the case for many years VA is the more strict of the two programs. She said right now that is even more so the case.Don’t take this as a set answer however it always makes sense to ask around. FHA has its requirements which are as much bureaucratic hoops to jump through, IMO, as they are about quality control but some quality control is there. Even FHA 203k will not allow for serious problems like cracked slabs.

    When I used my VA in 1995, I was allowed to buy a fixer, with no repairs in escrow, that FHA would have never allowed. It is important to keep in touch with a good mortgage broker or a least ask your loan originator about these trends before writing offers.In case anyone doesn’t know, you can give the lender the MLS number and some descriptions of the defects and ask them what it would take to make it through a possible escrow.You can also use your real estate agent to help find a match of loan to property. People waste a lot of time and emotion with loan/ property mismatches sometimes.

    April 28, 2009 at 11:28 AM #389276
    NotCranky
    Participant

    I just went over this with a mortgage broker to find out what programs would cover various levels of disrepair in a property. As has been the case for many years VA is the more strict of the two programs. She said right now that is even more so the case.Don’t take this as a set answer however it always makes sense to ask around. FHA has its requirements which are as much bureaucratic hoops to jump through, IMO, as they are about quality control but some quality control is there. Even FHA 203k will not allow for serious problems like cracked slabs.

    When I used my VA in 1995, I was allowed to buy a fixer, with no repairs in escrow, that FHA would have never allowed. It is important to keep in touch with a good mortgage broker or a least ask your loan originator about these trends before writing offers.In case anyone doesn’t know, you can give the lender the MLS number and some descriptions of the defects and ask them what it would take to make it through a possible escrow.You can also use your real estate agent to help find a match of loan to property. People waste a lot of time and emotion with loan/ property mismatches sometimes.

    April 28, 2009 at 11:28 AM #389329
    NotCranky
    Participant

    I just went over this with a mortgage broker to find out what programs would cover various levels of disrepair in a property. As has been the case for many years VA is the more strict of the two programs. She said right now that is even more so the case.Don’t take this as a set answer however it always makes sense to ask around. FHA has its requirements which are as much bureaucratic hoops to jump through, IMO, as they are about quality control but some quality control is there. Even FHA 203k will not allow for serious problems like cracked slabs.

    When I used my VA in 1995, I was allowed to buy a fixer, with no repairs in escrow, that FHA would have never allowed. It is important to keep in touch with a good mortgage broker or a least ask your loan originator about these trends before writing offers.In case anyone doesn’t know, you can give the lender the MLS number and some descriptions of the defects and ask them what it would take to make it through a possible escrow.You can also use your real estate agent to help find a match of loan to property. People waste a lot of time and emotion with loan/ property mismatches sometimes.

    April 28, 2009 at 1:23 PM #389539
    PadreBrian
    Participant

    Yeah, just skip the place, it will have issues.

    April 28, 2009 at 1:23 PM #389144
    PadreBrian
    Participant

    Yeah, just skip the place, it will have issues.

    April 28, 2009 at 1:23 PM #388879
    PadreBrian
    Participant

    Yeah, just skip the place, it will have issues.

    April 28, 2009 at 1:23 PM #389347
    PadreBrian
    Participant

    Yeah, just skip the place, it will have issues.

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