Quote:
Originally Posted by Deaf Mortgage
Similar guideline as FHA. Strict as making sure house is up to code and up to date with age of house.
IE... Roof will need to be younger than 8 years (I believe so) to waive repair... painting issue is another one.
VA is very similar as FHA.
Difference is... VA no pmi, FHA high pmi with low interest.
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I understand that clear. Is this new build in 21 century? Why I couldn't have to paint on the wall to match the decorate?? If move out and can redo on white paint on walls. What do you think?
Quote:
Originally Posted by shel90
One big con about VA loans is that they have very strict guidelines on the conditions of the houses and I am telling u from experience, the guidelines are VERY strict. Our lender almost didnt approve of this house cuz the paint outside was the wrong color so the seller had to repaint the base of the house just to meet the guidelines. VERY strict!
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Wow! I didn't know that. My dad used to have a VA loan the house in 80"s. We moved to other house with wrong color from someone. It's very old house. It need to fix. My dad just died in 1997. I didn't know about 21 century VA's guideline rules. My dad discharged the army from Korea in 70's. Is mortgage different than from past to now?