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Updated over 8 years ago, 06/28/2016
Need advice on VA loans in double closes
Can someone clarify what seasoning requirements are required for a VA loan? I have a double close involving two transactions, the A-B closing and the B-C closing. A=The Seller, B=The Buyer, C=The End Buyer. B is my client who is getting a loan from me. He is selling to C, who is getting a VA loan. My question is does the VA require that B own the property for a specific period of time before they will allow the release of the C loan?
Thanks in advance for any help on this.