Talk of The Villages Florida - View Single Post - VA Loans for new home purchase
Thread: VA Loans for new home purchase
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Old 08-17-2013, 03:40 PM
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Originally Posted by KateNelson View Post
I'm a veteran and would like to use my VA Guaranteed Loan to purchase my home. I was told by my agent that The Villages didn't accept VA loans for new home purchases only for pre-owned homes. Is this true? How can they restrict that? Why do they care where I get my loan from? I was not planning on using Citizen's First bank. I was using my own bank who does handle VA Loans. Any body else ever encounter this problem? Thanks for the help!
I believe that it has something to do with rules regarding Seller Concessions that The Villages does not want to deal with. Sales of existing homes, of course, would put those rules onto other than The Villages.

When I was in Real Estate, it was not at all uncommon for a seller to refuse to sell to a buyer who wanted to obtain government guaranteed loans
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Real Name: Steven Massy Arrived at TV through Greenwood, IN; Moss Beach, CA; La Grange, KY; Crystal River, FL; The Villages, FL