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VA

FHA and VA Buyers – Think About New Builds

Here’s the basic reality of purchasing a home with either a VA or FHA loan. It’s bloody difficult in this market, especially under $175,000. Why? It’s rather simple … Multiple offers are the norm and, if someone else comes in with cash, an FHA or VA offer is DOA. FHA offers often have seller concessions to closing costs attached which, when placed side-by-side with a conventional loan, renders a FHA or VA loan DOA. VA loans come with additional costs to the seller. So, while these offers often are golden – it’s hard not to get a VA loan approval […]