Question with my VA loan
Hello everyone I have a question regarding VA loans. If a vet uses a zero down payment to purchase a house and the house doesn’t appraise for the loan amount, can they come in with cash to cover the difference? Thanks in advance. by captainric359 from Baker, Florida. Sep 13th 2022
John Burke (jburke)
#27 ranked lender in Texas - 321 contributions
Hi captainric359, Yes, a Veteran can use cash to make up the difference if they want to but they cannot be forced to, regardless of what the contract says. | John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |
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