VA Loan Secrets: Using Seller Concessions (advanced strategies)

The VA Loan allows Veterans to receive as much as 4% of the purchase price towards closing costs and pre-paid items. The tricky part is that VA does NOT include customary closings costs in conjuction with the VA Loan. So what does that mean possibly? It means that if the seller agrees they can cover potentially ALL of your closing cots plus more that you might not know about.

#vahomeloans #valoans #veterans #mortgage #valoansforvets

Everything you need to know about credit scores and VA loans.

Contact me:
3. Call me 602-908-5849

Jimmy Vercellino, Mortgage Loan Originator/Regional Residential Mortgage Director NMLS 184169 at First Western Trust
Corporate NMLS 477166

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This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender.

[JimmyVercellino]

The VA Loan allows Veterans to receive as much as 4% of the purchase price towards closing costs and pre-paid items. The tricky part is that VA does NOT include customary closings costs in conjuction with the VA Loan. So what does that mean possibly? It means that if the seller agrees they can cover potentially ALL of your closing cots plus more that you might not know about.

[TheOlsonFamilyAdventures]

Can you offer over asking price to have seller cover closing costs via seller concessions but they still net the same as their original list price?

[alicicanady]

How willing are the seller’s to do this in your recent home loan approvals

[Diff]

So if the seller pays closing cost that doesn’t go towards the 4%? They could pay closing cost and then 4% towards something else?

[stephanieharries]

What about purchasing my Mom's house after she sadly died? She was the wife of a veteran and I am from OEF.

[Robert-edbo]

First Sellers it’s no allowed pay anything for this bs on this vudeo

[catfart]

Where's a good place to get a va loan?