Property Q&A in Eight Mile>Question Details

mlsample46, Home Buyer in Eight Mile, AL

is this house able to be gotten ona va loan?

Asked by mlsample46, Eight Mile, AL Tue Jan 24, 2012

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This looks like a HUD foreclosure. On HUD foreclosures, buyers who buy a house to live in, are able to do so a FHA mortgage with only an $100 downpayment. Usually it is easier to qualify for an FHA mortgage than a VA mortgage. Also there are other advantages to purchasing a HUD foreclosure with an FHA loan. So this house may qualify for a VA loan, but talk to your lender about any advantages or disadvantages of a FHA vs a VA loan on a HUD property. If you do not have a lender, we have a list of lenders on our website who are familar with FHA and VA loans. Let me know if I can help you further.
0 votes Thank Flag Link Wed Jan 25, 2012
According to the MLS listing, it is able to be financed utilizing VA financing. I would have to be able to view the property personally to give you an answer for certain. But again, according to the MLS listing, it can. Would you like for me to set up a time for you to view the property?

Patrice Smith
EXIT Allstar Realty
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0 votes Thank Flag Link Tue Jan 24, 2012
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