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Michigan Real Estate Q&A Discussion Forum
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Updated about 4 years ago on . Most recent reply

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Freddie Bogard
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Why are VA loans rejected by sellers?

Freddie Bogard
Posted

I'm a veteran and I'm trying to use a VA loan to buy a house and every time I find a house in my price range that I like I always get denied and my loan isn't accepted. My question is, what is the issue with VA loans and why does every seller reject VA loans?

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David Pere
  • Rental Property Investor
  • Springfield, MO
890
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David Pere
  • Rental Property Investor
  • Springfield, MO
Replied

@Waylon Zook the loan type should have no bearing on the appraisal result, and VA loans are the only loan with which an appraisal doesn't stick with the property.

@Freddie Bogard It is because the VA loan is misunderstood by real estate agents (and a lot of lenders). That is why you need a real estate agent who understands the VA loan, and a lender who can go to bat for you, in order to help you take full advantage of this loan.

What market are you looking to buy in? 

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