Many Veterans who have served our country have earned the right to have a VA mortgage loan. It’s unfortunate that some sellers as well as real estate agents have a bad image of VA loans and often discourage them. Many years ago, VA loans were sometimes more challenging than conventional financing – this is rarely the case anymore. Some people may falsely assume that if a Veteran is using a VA loan, they must have poor credit or not enough funds for a down payment. A majority of the Veteran’s I have provided mortgages for have excellent credit and plenty of funds for down payment, they opt for the VA loan because they either don’t want to use all of their funds for down payment, or the VA mortgage loan could be providing a lower interest rate than what they would receive with conventional financing. Bottom line, it’s their entitlement that they sacrificed and worked hard to earn.
Regardless of how much I rant about why people should be more accepting of VA loans, we still have many who just can’t shake the unfortunate reputation of VA financing from years past.
I have a possible solution!
If a seller is not accepting offers with VA financing, make a cash offer instead! The Veteran can use a program like our cash-buyer program, and then buy the home back after closing using their earned VA financing! It’s really that simple! When the Veteran uses their VA financing to buy-back the home, they can use the same terms as if they were buying it directly from the seller. Our cash-buyer program closes purchases FAST and the Veteran’s financing to buy-back the home from the program takes place simultaneously.
I would love to help more Veteran’s buy homes utilizing their VA entitlement. So if a seller balks at a VA offer or are not accepting VA offers, counter back with cash offer! Please contact me for more information.
Thank you to our Veterans for their service to our country!
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