Tag Archive : VA underwriting guidelines

Little Known Fact About VA Loans: How Much Seller can Really Contribute

       FHA, VA & Conventional Related / VA Loans

The Seller can contribute a total of 8% towards a Veteran’s home purchase There’s much misunderstanding in the Lending industry, even amongst Loan Officers and Underwriters regarding how much the Dept of VA allows a Seller to contribute on a home purchase transaction. The confusion arises from misinterpreting  the VA’s definition of “Seller concessions”. You see, in the VA’s eyes,…… Read More »