best of luck,
For more information on who to contact or eligibility requirements, please feel free to contact me (if you haven't committed to another buyer's agent at this time). I would be honored to help you.
Blessings upon you...
you can use a VA loan to buy any home. it does not have to be a VA foreclosure. The difference with a VA loan is that the VA appraiser is looking at the house slightly different than a conventional or FHA appraiser would and you will want to ask your agent if they are familair with VA loans. Not all homes qualify for a VA loan becuase of teh condition of the house.
Coldwell Banker United
Although some loan programs have locational requirements, type of financing and the type of property are generally independent of each other. The main problem with a VA insured loan used to purchase a bank owned home is that these homes are usually sold in "as-is" condition. If there are required repairs, it can become very difficult to get approval. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.
If you need any assistance, I work in foreclosures daily and would be glad to assist!
Benham Real Estate Group