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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That actually wouldn't be smart...put down a large amount of money on a conventional loan just to turn around and shell out more money on a VA refinance
Now you bring up another question though....why would the builders not want to be VA approved. That makes me wonder about the construction of these homes. Why would a builder who is building a structure correctly be concerned with that? Just devil advocates here. Most of the homes seem overpriced down here and of course when they deeply discount a new home it tells a lot. So I keep thinking paying the fees for a VA loan on a house priced normal would make them more money than dropping a house price to sell it.