VA Loan Myth: Homebuyers May Not Buy Short Sale Properties with VA Loans

VA-eligible borrower Janet, a U.S. Coast Guard Veteran, wants to use her VA home loan entitlement to buy a short sale home, but she's unsure if the Veterans Affairs home loan benefit allows it. Like many members of the military, Janet has never used her VA home loan entitlement before and doesn't understand how to go about utilizing her hard-earned benefit. She contacts Tracy, an iFreedom Direct® loan professional, to discuss the possibility of using a VA mortgage for short sale purchase. Tracy assures Janet that the VA Home Loan Guaranty Program is a perfectly acceptable way to finance a home purchase on the short sale market. She also assures Tracy's realtor, who expresses uncertainty about the use of a VA loan with a short sale property as well. In just 3 weeks Tracy is able to close Janet's VA loan for the short sale home purchase.

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• va loans
• va loan
• va eligible
• va loan entitlement
• short sales
• va mortgages
• veteran mortgages
• va home loans
• veteran benefits
• va benefits