I also agree with the information that has been provided on here but there is one more thing you need to consider. If you are looking at a condo, townhouse or co-op you need to find out what the rent to own occupancy ratio is and what the association guidelines are for being VA approved. Not every home is VA eligible so you need to call the association or ask your lender for a current list of VA approved properties. (As an agent, there is nothing worse than showing a buyer something that they are not eligible for with their financing after they have already fallen in love with it.)

Good luck! VA loans are a great financing option and there are plenty of great deals waiting for you!

First, fill out the required paperwork. You can find the app online or ask at your senators office or at the v.a. itself. You have to mail the form to St. Louis ( I think) then wait awhile to get the paper saying you are approved. Then any lender who can issue a V.A. loan can help.

If you want to make an offer on a house, any normal for sale house any mortgage lender can do this. Your realtor will be glad to help you find one.

If you want to bid on a sheriffs sale be very concerned. You have no protection. There could be major problems with the property you can not see. There could be more loans, leins, and encumbrances not shown. It could be in the 10's of thousands that are owed that you buy this way. The bank is selling their interest in the property, not the property itself. Like I could sell my interest in the brooklyn bridge. Worthless, but glad to do so.

PLUS in some states ( not sure which ones) just because you buy the property does NOT mean it is yours. The person who lost it to foreclosure could come back in 6 months, a year, or whatever the time frame is and pay you ( with like 8% interest) and reclaim their property. Anything you paid on it is now gone. Taxes, roof, siding, all are now the old owners. So basically it is a big risk with little upside for buying a place to live yourself. I suggest looking at completed foreclosres (REO's) that give you complete title.

If you are going to but at an auction where they guarantee the condition of the house AND the title you still have a small problem. Most auctions want like 10% down just to be able to bid. Or at least a few thousand$$$ cash. Then you have only 30 days ( usually) to pay the rest. If you do not you lose your 10%. A lot of lenders could take longer than 30 days to complete their paperwork. I do not see it as worth the risk.

Both answers are correct. We do need more details as to what you are asking. Many people say bid when they are meaning putting an offer to purchase on a home. Is this the first time that you're looking to buy and use your VA? The first thing you really need to do is find out what you are qualified to purchase. I can certainly recommend some local lenders for you as I do work the Richmond Hill area. Were you also looking in Hinesville to be close to post? Anyways, once you have gotten pre-approved you can then move on to the fun part of looking for a home. You will want to choose a Realtor to work with and represent you, to help find the right home for you, to help negotiate, and to walk you through the buying process and take you through closing. If you aren't currently working with an agent, I would be happy to help you find the right home. I can easily be reached through email at robinsellssavannah@gmail.com or by phone at 912-655-2554. I have helped find homes for many military families for both Fort Stewart and Hunter. There are some great prices on homes currently in the area with the adverse reaction to the economy. There are foreclosures available as well, but any home that you decide on must pass VA guidelines so some of the foreclosures may not qualify for your type of financing though.

Hi, what kind of bid? sheriff Sale, web action? Please provide more information.
Thank you.

Hi Michelle,

All you have to do is contact Loan Officer who is specializing VA loan.
Get a Pre-Approval letter before you going to look a house.