Home Buying in Hawthorne>Question Details

Tony Warfield, Real Estate Pro in Torrance, CA

I am getting conflicting information regarding whether a VA buyer can or cannot pay to cure any termite work needed to satisfy loan conditions?

Asked by Tony Warfield, Torrance, CA Tue Feb 21, 2012

Help the community by answering this question:

Answers

2
Robert Chomentowski’s answer
The VA core guidelines do not care if the buyer pays for termite work (they just can't pay for the termite report). But most lenders have an overlay not allowing the borrower to pay for the termite work. Sometimes they will ask for the invoice to see who paid. Although I believe there are a few lenders who either do not ask who paid, or are OK with the buyer paying. I would have to double check. Let me know if I can assist.
Web Reference: http://www.socalvaloans.com
1 vote Thank Flag Link Tue Feb 21, 2012
It would be best to go to http://www.homeloans.va.gov/‎ United States Department of Veteran Affairs and get an accurate answer to your question.
0 votes Thank Flag Link Tue Jun 4, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer