Thank a Veteran by Accepting their Offer with a VA Loan

Today, much deserved gratitude will be shared to our Veterans. We honor their courage, sacrifice and service that allow us to have our freedom.

As a mortgage professional, I am thrilled when I have received a purchase and sales agreement where the seller has agreed to allow the Veteran to use their VA loan.

A VA Loan is a benefit that the Veteran has earned. There are no loan limits and offers low to no down payment.

Although the VA Loan offers flexible underwriting guidelines, it does not mean that it’s only for Veterans with challenging credit. In fact, VA Loans out-perform FHA and conventional loans according to the MBA.

When a Seller or Listing Agent refuses to accept a VA Loan for financing, it’s a disservice to those who have selflessly served our country. Many times, this happens because the seller or listing agent may be misinformed about VA Loans or perhaps, they had a bad experience with a VA Loan in the past.

A common myth is that sellers are required to cover all closing costs in a VA loan, often referred to as a “double zero down” loan. This only happens if this is negotiated in the purchase and sales agreement. Sellers are NOT obligated to pay all of the Veterans closing costs.

We are a direct lender, process, underwrite, fund the VA loan and we maintain the servicing. We offer VA Renovation and One-Time-Close Construction loans.

In the event a seller refuses to accept a VA loan, we offer NAF Cash which allows the Veteran to essentially make a cash offer to the seller and then buy the home using a VA Loan. This process adds some additional cost to the Veteran as it’s two transactions, so it’s more ideal for a seller to accept an offer with a VA loan for financing.

Sellers and Listing Agents, if you truly honor Veterans, please accept VA financing! If you have questions or concerns about VA financing, ask questions – learn more! I’m happy to help you and honored to help our Veterans with their mortgage needs.