Colorado Springs Vintage Homes Blog

VA Vendee Financing helps sell VA Repos

VA Vendee Financing

Related Article:  What is a VA Repo?

Search for Foreclosed Home in Colorado Springs

If you are interested in buying a VA Repo home in the Colorado Springs area, you’ll want to understand take advantage of VA Vendee Financing.  Here’s some of the basic the facts:

• It’s a loan product offered to individuals and investors to help finance the purchase of VA Repos
• It’s offered to both veterans and non-veterans
• VA may contribute up to 6% of the purchase price for buyer’s closing costs
• Interest rates are determined by the VA
• For investors there is no maximum number of investment properties; down payment can be as little as 5% down
• For owner occupieds, amount can be financed with 0% down.
• Mortgage insurance is not required.
• It’s available to both owner occupied and investors
• Properties are always sold “as-is”
• There is no contingency for financing or for inspection

There are currently several VA repo homes listed for sale in the Colorado Springs area including:

• 7061 Grand Prairie Drive   80923   $223,900
• 6044 High Noon Drive  80923  $322,900
• 7579 Middle Bay Way   80817  $169,900

More info is available at VA homes for sale and United States of Veteran Affairs

• Don’t let your dream house become a nightmare
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• Homes in Colorado Springs, 5 things to know about buying foreclosures
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• Buying HUD homes in Colorado Springs, Part I
• Buying HUD homes in Colorado Springs, Part II
• Colorado Springs HUD Homes – Part III in FAQ’s
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• Buying a short sale vs. a foreclosure, what’s the difference?
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• 7 reasons to buy a HUD home in Colorado Springs
• Rules are Rules for Title Seasoning
• The Million Dollar Question

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Kathy (719-287-1049)   KTorline@msn.com

Tags: bank repo, Buying a bank repo, buying a foreclosure, Colorado Springs repos, VA loans, VA repos

This entry was posted on Monday, January 25th, 2010 at 9:00 am and is filed under For Buyers, Foreclosures and Short Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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