Talk of The Villages Florida - View Single Post - VA loan on new Villages home.
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Old 08-29-2020, 10:33 AM
evluoma evluoma is offline
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A VA loan has increased inspection requirements. Also there is a much slower approval process. In my personal experience, a VA loan will take between 6 to 12 weeks before being approved to close, much too long for how quickly houses move in the villages. After living with selling a house to a couple getting a VA loan, I would never do it again. The Bank in the villages is much, much quicker but it is quite expensive. I financed via an online lender. I asked ahead of time length of clear to close period, and it was quicker than the bank in the villages. My savings on a 15 year loan was over $30,000 for a 15 year loan. Good luck!