VA loan???? Would you accept?

[Anonymous]

InAndOut wrote:Not just no, but Hell no!
VA limits your negotiation position. In this market you are not without options. No VA.

How so?

[Anonymous]

If the house is in the DC Metro area, the VA loan process is not any different than conventional loans. This area supports a TON of VA/military families and they gain great wealth from mortgages here. If the house does not appraise, it's not because the buyers have a VA loan. It's because the house is overpriced. Unless you find a buyer willing to pay the difference in cash, no loan is going to cover it. I've never once heard of a buyer or seller having any difficulty in the last 10 years with VA loans in this area. Your agent has dated information. Call the VA and ask the questions yourself.

[Anonymous]

Anonymous wrote:Our home is under contract with a VA Buyer. VA Appraisal hasn't happened yet, but the buyers selected a home inspector who looks for things that the VA Appraisal may ding. I expect the transaction to be smooth overall though.

There are minimum property requirements that a VA appraiser/inspector is supposed to look for. This document had some good information: https://www.benefits.va.gov/roanoke/rlc/forms/ci_guide_2005.pdf

If you look at this form OP, it says that your roof must have 5 years of remaining life and no leaks. If your house needs a roof, a VA loan is not going to work.

[Anonymous]

As far as the OP and their roof, any loan could be a problem for them. Even a conventional loan, the bank can stipulate the roof has to be replaced before they will do a loan.

[Anonymous]

Anonymous wrote:As far as the OP and their roof, any loan could be a problem for them. Even a conventional loan, the bank can stipulate the roof has to be replaced before they will do a loan.

Conventional bank doesn't see report