Financing in Clive>Question Details

rondelaine, Home Buyer in Adel, IA

Can you get a VA Loan on a short sale if the property will pass the VA rules?

Asked by rondelaine, Adel, IA Thu Aug 16, 2012

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Hello Rondelaine,
I would think that a VA loan would qualify you to purchase a short-sale property as long as you intend to occupy it as the owner; which is one of the VA stipulations.

But...would the seller (who still owns the property) and his lender be willing to accept a VA loan since no down payment is required? Submit your offer and find out.

Here is a helpful link for a VA Loan Checklist:

http://www.valoans.com/geninfo-06a

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
1 vote Thank Flag Link Thu Aug 16, 2012
Thank you. I appreciate it.
Flag Thu Aug 16, 2012
Hi Rondelaine,

You sure can. The only potential concern I can think of is how much the bank will allow in terms of seller concessions for your closing costs.
0 votes Thank Flag Link Fri Aug 17, 2012
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