[VillageIdiots]

Originally Posted by manaboutown

The developer's new homes do not qualify for VA or FHA financing. A builder must meet certain requirements to be able to sell new homes with VA and FHA loans. Apparently the developer is unwilling to meet and/or sees no need to meet those requirements. After all, as long as the developer can sell homes it builds why bother?

Warranties for Newly Built Homes | Consumer Information

FHA New Home Warranty Requirements | Home Guides | SF Gate

All true. But, with VA and probably some other loan types, there are closing costs associated that are the responsibility of the seller that might normally be put on the buyer with a conventional loan. I imagine that has something to do with it as well. When I put my current home on the market, we were told to make sure we took into consideration the type of loan being used, if any, and any seller responsible costs that went along with it before accepting an offer. Thank goodness when my buyer finally came along, they had cash.