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Originally Posted by silvertoken
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.
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Actually the closing costs isn't a huge thing with the parents....they've owned and sold 4 homes on VA loans. But its the initial money down. VA they don't have to put anything down unless they want to. Citizens Bank which they went to our initial trip down kept wanting more and more and more $$. WHich immediately flagged they would not deal with them. USAA/ Wells Fargo or other banks that deal with VA loans is where they would go as they've been doing business with them for years. And they have "Great" credit. ::
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