Can You Buy A Foreclosed Home With A Va Loan at Buying

Can You Buy A Foreclosed Home With A Va Loan. It’s hard to buy a foreclosed home at auction with a va loan. Foreclosures are controlled by the servicer of the loan and are usually sold in two different ways.

Of course, a loan can be influenced by the home’s condition and whether the property will be used as a primary residence or if it’s being purchased as an investment. When you combine that with the 100% va financing, you have yourself. If you want to use a va loan to buy an reo, you’ll want to shop for a livable home.

How To Buy A Foreclosed Home With Va Loan Buy Walls

The answer is often yes, but the size of the loan will be affected by the previous foreclosure and what your remaining entitlement benefits are. There are no restrictions on va loans on what type of property you can buy as long as the property meets va guidelines. If you want to use a va loan to buy an reo, you’ll want to shop for a livable home. The biggest problem with the bank reo home.