5,115,878
I do sales with FHA and VA loans all day long with no issues. And my local lenders also get them closed in 30 days or less. No muss, no fuss.
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Carol Williams
Wenatchee, WA
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Richard Weeks
Dallas, TX
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Lyn Sims
Schaumburg, IL
4,583,790
Being a VA or FHA buyer is not particularly easy in my market when competing against conventional financing and all cash offers. Patience is key.
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Richard Weeks
Dallas, TX
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
2,684,769
I don't see very many of them here in Tallahassee. The last one I saw was an FHA 203(K) for a fixer-upper.
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Michael Jacobs
Pasadena, CA
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
511,064
We do a lot of both FHA and VA loans. We have a lot of flip homes here in AZ. One nice thing about VA loans is you don't have the 90 day flip rule like FHA.
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
853,612
VA & FHA are both very common in our market so... important! ;)
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Michael Jacobs
Pasadena, CA
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Lyn Sims
Schaumburg, IL
4,483,070
In my market VA is virtually non existent, I just put one in escrow and should write about it:))Endre
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
6,423,496
I avoid govt programs whenever possible.
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Bob Crane
Stevens Point, WI
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Michael Jacobs
Pasadena, CA
1,506,773
I'm seeing a lot more FHA when buyers haven't quite gotten past that 7 year mark for bankruptcy/short sale/foreclosures.
VA is rarely accepted because most lenders don't specialize in them and don't know how to structure the loan to avoid the seller credit requests (out here, it's usually $8,000-$12,000). If the lender KNOWS VA, then those offers come in w/o seller credit requests and can be just as strong as a conventional loan (on a well kept/remodeled house).
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
809,258
We have a ton of FHA & VA in our area. Sadly for them, in a hot market with multiple offers sellers look at cash & conventional loans more favorably than FHA & VA so sometimes multiple bidding can be hard on those buyers. But they prevail, and they do buy. We do a lot of them. -Kasey
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
5,257,589
Most of my clients go conventional; FHA is probably more prevalent in our area than VA but, we see those as well. Neither are impacting the clients who use them negatively - no real issues with either one here, other than the sellers may need to be educated on them. Some are still of the mindset that FHA & VA appraisers are evil!
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
142,796
Most of the first time homebuyers are using FHA loans to make a purchase.
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Lyn Sims
Schaumburg, IL
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Michael Jacobs
Pasadena, CA
1,525,616
Most of my clients who get loans use conventional but I also see VA loans with the high military population in this area.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
5,032,980
No..most all of mine are conventional or cash. But as a listing agent if we have multiple offers cash is usually king and Conventional a close second.
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Michael Jacobs
Pasadena, CA
1,847,621
It's very important in my area. I think that assn's also do not realize the importance of being FHA approved help 'sell' their community.
I have seen that we have to use it because of credit blips & ratios in buyers loans. Conv has gotten better though over the years.
I can honestly say that I don't even see a VA loan in a year in my area.
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Michael Jacobs
Pasadena, CA
2,163,333
FHA loans have been on the increase in our area and to soe extent VA as well.
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Michael Jacobs
Pasadena, CA
1,625,153
I work a VA buyer rarely( I'd happy to do, but I did not have many opportunities in this market), FHA ~ quite often. I have no issues with either products if the lender knows what she is doing and a client preapproval is solid. p.s. It can be tricky with condos, though.
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Michael Jacobs
Pasadena, CA
4,319,773
Michael Johanson - I rarely get the opportunity to work with buyers who opt for VA or FHA...
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Michael Jacobs
Pasadena, CA
1,242,204
We just turned down a FHA mortgage on a home not in perfect condition. Always have been conventional or cash all these years.
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Michael Jacobs
Pasadena, CA
5,772,693
5,062,995
VA is rare for me personally - 3 in last 2 years, and never an FHA, believe it or not
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Michael Jacobs
Pasadena, CA
5,244,251
1,712,876
Ifg I do a resale for an investor it is sold to an FHA or VA buyer almost every time.
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Michael Jacobs
Pasadena, CA
1,291,481
I utilize FHA and VA loans when they will fulfill my clients needs best ... so yes, both are important within my services Michael Johanson. I agree with Lyn Sims that too many Chicagoland Condo Associations either are unaware or unwilling to seek (or renew) the approval necessary for FHA. It's been a bit of a stranglehold on those properties ...
Gene
4,434,177
1,157,791
4,966,091
I think up set with some agents that do not want there clients to take VA loans because they think they take to long and have more problems with inspections.
5,583,328
1,554,669
1,466,257
Michael Johanson There are a lot of active duty and retired military in our area. VA loans are common place. FHA is also pretty popular.
1,617,916
2,785,306
Buyers need these agencies and these agencies need buyers...agents standby
1,728,667
VA is very important to us in San Diego. FHA; not usually except in our Florida Area.
3,988,013
Our market area is primarily VA/FHA. It is not difficult at all you just do it. Buyers in my area tend to not have large downpayments or high credit scores so use these loans.
7,869,891
3,416,038
FHA is very common and used among most buyers getting a mortgage in my area. I do alot of VA, but over all VA is not used near as much as FHA
4,800,132
Very few of my clients use VA or FHA. But, when they do, it's important.
599,734
921,504
Those wishing to use VA backed financing will switch to cash or conventional to be competitive in the Florida coastal market place.
FHA is very prominate in price points below $500,000.
IF both VA and FHA ceased to do business, there would be little impact here. Of course some would have to contuinue renting, but little impact on the real estate resale market place.
4,905,762
It is very helpful if those type loans are the best choice for the buyer.