Quote:
Originally Posted by getdul981
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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The guidelines are as follows, The seller "may" contribute up to 6% of the contract sale price for funding fee, closing cost(including the $2500.00 origination fee). prepaid and other expense.
What is sad is some of the sellers are misinformed about VA and have literally refused selling to veterans of the United States of America. This is only a bargining tool exclusively for veterans. If you have noticed lately a lot of realtors rather use their own banks and frown on the ones you choose, this a countrywide event and does not just pick on the village.
VA loans are contigent on the following, acceptable appraisal to support the value on signed purchase agreement, acceptable title policy, acceptable flood certification, clear termite inspection, final underwriting approval. So if the sellers refuses to sell to a veteran, there must truly be something wrong with the house.
Sincerely