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Today, I’ll discuss the scoop about purchasing a home using a VA Loan in the surrounding area. How do you get those offers accepted? How do VA loans look in the eyes of a seller or a listing agent, compared to a different type of loan?
Several years ago, VA loans were frowned upon if you were a seller or listing agent. Back then, sellers would incur additional costs on behalf of the veteran if they accepted a VA home loan. Fortunately, those days are behind us and a lot of changes have been made in this realm to ensure sellers don’t incur any additional costs. That’s helped VA buyers become more competitive in the marketplace.
Several years ago, VA loans were frowned upon if you were a seller or listing agent. Back then, sellers would incur additional costs on behalf of the veteran if they accepted a VA home loan. Fortunately, those days are behind us and a lot of changes have been made in this realm to ensure sellers don’t incur any additional costs. That’s helped VA buyers become more competitive in the marketplace.
It’s an incredible opportunity if you qualify, for a few reasons. Rates are lower than conventional loans. The credit underwriting process is a lot more lenient. The overall monthly payment will be lower compared to a different loan. You can also get a loan with 100% financing, which doesn't require a down payment.
Today, in the eyes of the seller, this loan will present an identical offer to any other type of loan. The only thing you can’t negotiate on a VA loan is the termite report, which is required to not only conduct, but to pass. The seller has to pay for this, and that’s standard for California real estate.
Today, in the eyes of the seller, this loan will present an identical offer to any other type of loan. The only thing you can’t negotiate on a VA loan is the termite report, which is required to not only conduct, but to pass. The seller has to pay for this, and that’s standard for California real estate.
If you’re thinking about buying or selling a home in Rancho Cucamonga, give me a call or send me an email at your earliest convenience. I’d be happy to talk with you, answer your questions, and serve your local real estate needs.
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