VA Renovation Loan - Bring it back -

6 Replies

@Chris Davidson yes it was the VA's option for that program. It was in existence 3-4years ago but Short lived! Most lenders and mortgage brokers are unaware of this program.

(Real Estate Agent) example: I had an offer on a home using the standard VA program, we could not close unless the sellers did $1000 worth of repairs. They did not want to make the repairs, therefore the VA appraisal would not let us close. Hands tied.

For the investing side: I want to purchase a home but it could use renovation and updates. The Renovation loan would make that easy. Up to 50k in renovations.