Selling a home to buyer using VA loan

It took me longer, but you can still lock in a rate when it gets closer to being wrapped up. I think a conventional loan is better. You usually get a better rate. The problem is if you don't have enough to put down then that's why some people use a VA loan.

a VA buyer is a good thing. the rates are as low as conventional and there are NO FEE's the seller has to pay. now the seller can pay closing cost just like any other loan. the house is required to have a Termite inspection and appraisal. no home inspection required. people in the real estate world who dont know about VA loan think they are hard to get done but that not true.

VA loans are much better than conventional loans.

There is a little more paperwork involved, but not much. The property also has to pass a VA appraisal.

The benefits to the buyer from a VA loan is that you'll get the lowest rate with not necessarily the best credit score, you dont pay PMI, and you can get a loan with 0 down up to 412k.

The buyer does have to pay a "funding fee" for the VA loan. This covers the cost to the VA to secure the loan up to an amount.

VA > Conventional

There shouldnt be any major disadvantages to the seller as long as the home passes appraisal.

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There was a VA inspection and they came up with a list of really odd stuff that we had to get done.

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This is what I have been hearing, lots of little things that are required to be done in order to be approved


The home Im selling is around 60 years old, so there are bound some little things needing repair