Is it feasible to purchase a foreclosure or short sale with a VA home loan in the current market?

Asked by Mimzy, Olive Branch, MS Mon Dec 24, 2012

We have been doing quite a bit of house hunting online and the foreclosure market seems to offer more of what we would like in our price range of $225,000. We are concentrating in the Olive Branch/East Memphis Area.

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Jay McMiller, Agent, Germantown, TN
Tue Dec 25, 2012

Yes, you may use your VA with either of these types of purchases. However, In order to be approved for a VA home loan, a property for sale must go through a VA appraisal. But not all properties are automatically eligible for a VA loan. I would be happy to go into detail with you more regarding the process. Please feel free to give me a call or if you would like to schedule an appointment with me, just let me know. I'm licensed in MS. & TN.


Jay McMiller
1 vote
Craig Britt, Agent, Olive Branch, MS
Tue Dec 25, 2012
Yes, you may use your VA with either of these types of purchases. I am licensed in MS. & TN. Please give me a call to arrange an interview.
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