Q: IS IT HARDER TO GET A VA HOME LOAN OFFER ACCEPTED?
Hi, I’m Mike Villano with Veterans Lending Group. Today I want to take a moment to chat about some of the challenges you may face with a VA home loan offer, as opposed to Conventional or FHA. Sadly this is true. What I find is that typically it comes back to someone not being educated on what the product is.
Some of the things that have held up these deals in the past are: low appraisals, additional fees or charges, property conditions etc. Most of my VA appraisals actually come back where they need to be above. This happens more with my VA appraisals than my FHA or Conventional appraisals. Property condition and additional fees are really not an issue any more. It is true that the VA is a little bit more specific when looking for safety issues in an appraisal. Really that is the only difference. Many of these things can be overcome by reaching out and educating the listing office or the buyer. If you need any help on that please feel free to reach out!
National Director of Sales