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Private Lending & Conventional Mortgage Advice

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Erin Estes
Pro Member
  • Realtor
  • Goodyear, AZ
59
Votes |
151
Posts

Is the VA Rehab Loan a unicorn?

Erin Estes
Pro Member
  • Realtor
  • Goodyear, AZ
Posted Mar 9 2015, 12:05

I've heard of this elusive VA Rehab loan that allows a buyer to purchase a house and get cash to do rehab work. I'm looking at a short sale that's $335,000 and it's after repair value would be pushing $400,000. Does anyone know if such a program exists or has anyone used one in the past? Does anyone know of any lenders that are currently (Spring 2015) offering such a loan?

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