Quote:
Originally Posted by spd2918
Hello all,
My wife and I are planning to move down in about 6 months. I asked my Villages salesperson about a VA loan for a new home. He told me the new homes go up too fast to comply with the VA inspection process, thus no VA loans for new homes.
I found this to be an odd statement. I wondered if the salesperson was looking to profit from me using his bank vs mine.
Thoughts?
PS I searched for this information on this site but got no results
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It is not really the issue of how fast they close. I tried going VA through Navy Federal Credit and they had everything ready and could have closed just fine and in time.
I was still told by The Villages sales rep I couldn’t go with VA. It boils down to closing costs. The VA requires the seller to pay specific closing costs that the developer is not willing to pay. Conventional loans don’t have the same seller requirements.
It simply boils down to money.