vabacked loan: New Loan Option Could be Boon for Veterans - 05/18/18 08:01 AM
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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 … (0 comments)

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