The Owner seasoning requirement on our VA Loans is one day. That is right, one day. Why is this important you ask? Well, many lenders have begun to require that sellers own a home for 90-180 days before it is eligible for their VA Financing. We do not require these waiting periods.
Owner Seasoning simply means how long the current owner has owned the property. owner seasoning is also called seller seasoning.
VanDyk only requires that the seller is the owner of record on the day the contract is signed.
This is in complete alignment with the Veterans Administration Rules for VA Loans. The other lenders that have added restrictions are reducing the eligibility for Veterans to use VA Loans to purchase homes from investors who may have purchased the home at a foreclosure auction, or direct from a bank. Many of these homes have been completely rehabilitated, making them a more desirable home to buy - Turn key if you will.
Our VA Rules can help you avoid the issue of seller seasoning, Flip Rules, and big bank rules that restrict access to quality VA Loans.
Get started on your VA Home loan with the VA Loan Pros at VanDyk. Visit us at http://www.vandykfunding.com/ to apply online, or call 760-752-4480 and ask for Brian Skaar.
VA Condo's also qualify under our VA Flip Rules.
