What will go wrong in a VA appraisal? In general, any visible health or safety concern will be a problem on a VA evaluation report. You will not be able to close a home until these issues are resolved. In some cases, sellers are willing to cover the cost of essential repairs instead of losing …
What are the pros and cons of a VA loan? Pro Con No participation VA funding fee No PMI The VA funding fee increases after the first use Higher allowed DTI The loan could exceed the market value Credit flexibility For primary housing only Why shouldn’t you get a VA loan? Yikes! Lower interest rates …
Well, you know there are closing costs on VA loans, but what if you can’t or can’t close those costs? The most common way to close these funds is by paying seller-paid closing costs and VA sales concessions. Remember, the seller is NOT required to pay the buyer’s closing costs. What does the VA loan …
