Updated over 5 years ago on . Most recent reply
Lenders in Maine/VA loan also possible
Does anyone know of any lenders in Maine? I am a first time homebuyer, thinking about using my VA status to get a VA loan, although I may still want to put down 20%. I am interested in single family or a duplex in Lewiston/Auburn or perhaps other parts of Maine as well, like Augusta. Coming from California and looking in the lower priced areas that would also fetch tenants.
Also, what are the benefits of a VA loan besides being able to put no money down? Lower interest rates?
Also, a realtor once told me that sellers don't like selling to people with VA loans because supposedly the VA doesn't want to approve loans for fixers, or even TLCs; they are extra picky about the shape of the house, I guess more than non-VA lenders (?)... Thanks all!
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VA loans from what i seen have better interest rate. i used mine with a lender from auburn/Lewiston area ill PM you the information. i would say a VA loan my be less desirable for some sellers but i have never had an issue with it. i just closed on a 4 unit using mine.