Ever heard of a VA Vendee Loan?

[Jon Graham]

A few years back I bought a foreclosed property with the intent of using a conventional mortgage. When our offer was accepted the listing realtor contacted us and said the previous owner had a 'VA Vendee' loan which was some kind of special loan from the VA. They said that we could get grandfathered into the program and offered the same terms to us. The loan was fantastic. Really great intrest rates, 0% down payment, no PMI insurance, no appraisal, no inspections.

Has anyone ever heard of this type of loan? Most people I've asked have never heard of it, but surely this is the place to get more info on it. I'm wondering if it's possible I have been grandfathered into the program that I might be able to use this loan on other properties? Or does anyone know where I could look to get more info myself?

Please help!