Quote:
Originally Posted by wendyquat
TV is not discriminating against veterans. A builder has to be VA approved and many (most) do not want to be approved because of the VA inspections required at different stages during construction, sometimes delaying the process and even leading to tear-outs and re- builds. Even though this is required to protect the veteran (and the VA that guarantees the loan) it is just too much red tape and added expense to a builder. Unless the laws have changed you can get a VA loan after new construction is at least a year old ( I guess VA thinks if the construction has made it that long the house is not going to fall down). There are some fees relating to a VA loan that are not allowed to be paid by the borrower so you might run into a pre-owned property with a seller not willing to pay these fees but most sellers will pay the extra fees to get a buyer!
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Also when buying a used home the Veterans do not allow the buyer to pay any fees what so ever for services rendered by the realtor.(Beware,this fee is inserted in the purchase and sale agreement to the buyer) This is the main reason why there are realtors who use the phrase, the seller does not want veterans. This is a hidden cost and is outlawed in some States. Try to use a realtor familiar with veterans if you can.
Realtors get a big surprise after closing because this fee doesnt get paid to them and they try to get it directly from the buyer.( Contact your nearest VA office if this is done if you want and the problem will be remedied quickly to your favor.) It is completely false that a seller doesnt want to sell to a veteran in most cases. I had no problem getting a veteran loan from Bank Of America. Many realtors for some reason frown on you using your bank instead of theirs. LOL, this will get some of the realtors angry at me. Also closing cost are negotiable between the seller and buyer if the seller seems to not want veterans for this reason. In my case the house was cheap enough so I paid full closing cost.
The house I purchased didnt want veterans also, and I got it anyways with a veteran loan.