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Shopping & Local Amenities in 89130 : Real Estate Advice

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Sun May 31, 2009
Jennifer Yen answered:
Yes, you can certainly purchase bank owned properties with a VA loan. Not all properties are VA approved, but there are enough inventory where you will still have a good amount of homes to choose from. I have worked with clients with VA loans. Specific requirements to get the loan process going would have to be done by a qualified loan officer. I have free referrals for experience loan officers with Wells Fargo who can you do the intital qualification process and supply you with a preapproval letter. Preapproval is the first step before moving on to looking for a home so you won't waste your time looking at homes or going to open houses. When looking at properties, I would show the properties that are mostly likely to be VA approved and would have minimal VA appraisal conditions (which sometimes can delay the closing of escrow). And you are considered a first time homebuyer if you have not owned or purchased a home within the last 3 years or if you are buying a home for the first time in your life. I would love to be assist you in this important but complex process of buying bank owned properties. With the VA loan, you have zero down payment, but of course if you choose to, you can. Please do give me a call if you have further questions or if I can help you in any way. 702-672-6313 ... more
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