I am a vet as well and can steer you clear of many VA pitfalls in the CA market. Property condition, closing costs, and competition from investor and hard cash dollars are making it tough on my VA buyers. Give me a call or email and I can lay out a strategy for you.
that link will have some great information on what your Realtor should be doing for you.
John & Sarena Villaescusa
Keller Williams Realty
To be honest, it is possible to do and it is like finding a needle in a haystack. The one lender that is more open to selling to people with government backed loans is Fannie Mae. Given they are a government entity, you will have a higher chance of success with a property owned by Fannie Mae.
Otherwise, cash or conventional loans with a high down payment are winning the majority of REO offers accepted.
Best of luck,
Mark and Kari Shea
Real Estate Experts Serving San Diego County
Specialists in Investment Properties, Foreclosures, Short Sales,
Development Opportunities & Traditional Real Estate