We found out that we can do VA financing. And, becaise my husband is technically a disabled veteran, I think we are exempt from the origination, funding fee and PMI. It seems like a great deal.
This REO purchase price is well under what we expected to have to pay. Our lender has suggested that we dont put the full 20% down since there is no PMI. He suggested that we put 5 or 10% down and use the rest of our money on improvements like hardwood flooring or landscaping.
SDR, any thoughts or “gotchas” on VA financing? Thank you again for your wealth of knowledge and information!
