Quote:
Originally Posted by John_W
unless they don't feel they can pass a VA inspection, then I would be leery of buying that home.
|
One of the reasons a home owner won't accept a VA loan is that sometimes they take a long time to clear and can end up not clearing in 30 days. The longer it takes for a loan to clear the longer it is until you find out if it is going to clear and it gives the purchaser more time to change their mind.
When we sold our house up north when we moved down to The Villages our realtor made the purchaser who wanted to use a VA loan also get a conventional loan to use if the VA one didn't clear in 30 days. In the end the VA loan cleared in time.