vabacked loan: New Loan Option Could be Boon for Veterans
- 05/18/18 08:01 AM
Reposted from Realtor.org Purchase-rehab loans, recently unveiled by the Department of Veterans Affairs, would cover renovation costs and provide another avenue for military vets to take advantage of no-down VA loans.MAY 2018 | BY ROBERT FREEDMAN About a month ago, the Department of Veterans Affairs released long-awaited guidelines for 100 percent financed purchase-rehabilitation loans for military veterans, a move that real estate professionals hailed as a much-needed option during the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C., on May 16. Carol Mitchell, an executive at Atlantic Bay Mortgage Group—one of the first lenders to offer the loan—told members of the National Association (10 comments)