VA Home Loans FAQ

Can a seller discriminate against a VA loan?

No! While there are laws that ban discrimination on housing, none cover mortgage types. So a seller may choose another offer with a different mortgage type if they want to.

Do VA loans cause trouble for sellers?

Not at all. Once upon a time, VA loans were difficult for sellers. However, the rules around VA loans were changed to make things easier for sellers.

Does a VA loan take longer to close?

VA loans take only 5 to 6 days longer than a conventional loan on average. However, it can move faster for some VA buyers.

Do VA loans cost more for sellers?

No. Unless a sellers chooses to cover certain closing costs, they are not required to pay for any of the buyer’s closing costs.

Do sellers pay closing costs on a VA loan?

For a seller to pay closing costs, they would have to agree to do so. There are instances in the market a seller may do so as an incentive for a buyer. However, it is unlikely in today’s market for a seller to do so.

What do sellers have to pay for on a VA loan?

Again, a seller does not have to pay for anything on a VA loan. A lender will usually take on anything a buyer cannot be charged in the closing costs.

Do VA appraisers undervalue homes?

An appraiser is required in their job description to determine a fair market value for a home, no matter what mortgage loan is involved. Furthermore, there is no evidence that those appraising homes for VA loans deliberately undervalue a home’s worth.

Are VA loans harder to close?

On average, VA loans close at nearly the same rate as conventional loans, and at better rates than an FHA loan.

How strict is a VA home inspection?

While there is no specific VA home inspection, a VA appraisal has restrictions to ensure a VA borrower does not a buy a home that is not safe, structurally sound or sanitary.

What should I do if a seller rejects my VA loan?

Once a seller turns down your VA loan offer, it’s highly likely another buyer’s offer has been accepted. To improve your chances of putting in a winning offer, we recommend getting a buyer’s agent with VA loan expertise and choosing a lender that’s accessible to listing agents.

Discover Whether a VA Home Loan is the Smart Choice For You

When you consider the long list of benefits and realize the myths that prevalent in the housing market are just that, myths you’ll recognize that getting a VA home loan can help save you money short-term and long-term.