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Thread: VA Loan Certificate In Process
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Old 11-21-2010, 01:26 PM
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Quote:
Originally Posted by taylor111947 View Post
I just found out I was eligible for a VA mortgage as a surviving spouse. I've never bought/sold a home on my own before so I'm chartering new territory here. It sounds as if the main differences between VA and Conventional mortagages are no 20% down and the seller pays some of the closing costs for a VA loan. Am I undertanding it correctly? Also, can the seller refuse to allow VA financing?
It's always been my understanding that the seller has to agree to let you get a VA loan because they have to pay some of the closing.
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