Sacramento Veterans Buying Home

June 9th, 2008 categories: Home Buyer, Mortgage, Sacramento

Vetran Buying Trhough Remax Won’t be long before my Sacramento home buyers close on the house they are buying in Sacramento.

Both buyers are Veterans and getting a VA loan. We have anxiously been awaiting the VA appraisal which is tougher than an FHA loan when it comes to the condition of the house.

Many of the bank owned properties we looked at for sale just wouldn’t cut the mustard for a VA loan. They had too many repairs and the bank was selling the properties “as is.”

Luckily, we found a house being sold by home sellers in Sacramento instead of bank owned or short sale homes for sale. After having a home inspection, where several items were found needing to be replaced and or repaired, the sellers agreed to fix most of items.

Now, the wait to see what if anything the VA appraiser finds fault with that needs to be fixed or replaced. VA appraisers look for items that fall within the health and safety concern. If the appraiser finds such items, the Seller is requested to fix or repair and if the Seller does not, then the contract is null and void. Without those items fixed, there can be no loan.

Although I feel confident that there will be no health and safety items found, the home buyers and I along with the Sellers are anxiously awaiting the VA appraisers results.

If all goes well, it will be just a couple of weeks and these lucky new Sacramento home buyers who relocated from Colorado will be swimming in their own backyard pool. I see lots of good memories to be had.

Since beginning this article, the VA appraiser has completed the appraisal and found no items meeting health and safety concerns so it’s now time for underwriting to get the loan documents prepared so that my VA home buyers can move-in to their new house.

With all the men and women returning from active duty, Sacramento will be seeing more and more VA mortgage loans to in the future. It is a pleasure to help those you have helped to make us all a little bit safer in this world.

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This entry was posted on Monday, June 9th, 2008 at 6:00 am and is filed under Home Buyer, Mortgage, Sacramento. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Marian Bennett said at June 9th, 2008 at 2:57 pm
This is great to hear. I, too, am currently assisting a buyer who has been approved with a VA loan. Sounds like we should be keeping away from short sales and REO’s? We’re looking in Daly City under $400K.
Gena Riede said at June 12th, 2008 at 9:15 pm
Marian, depending on the condition of the properties, it’s a good idea to stay away from them. Health and Safety are the main concern and the underwriter can call for a section 2 clearance along with the section 1.

We are signing tomorrow so by next week they will be in their new home. Hope all goes well for you and your VA buyers.

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