There are great no money down loan programs out there to date! Va Vendee is a loan program for not only Veterans but none Veterans as well.
The Vendee Loan program offers individuals financing to purchase VA real estate owned (REO) bank owned properties. The financing offers terms similar to purchasing a home traditionally such as closing costs and funding fees. The loans are available in 15- and 30-year fixed terms and are assumable. Owner-occupied homes can be financed with a no down payment. If the home is not owner occupied, it can be financed with as little as 5 percent down. The only throw back is the buyer must purchase a home from select r.e.o bank owned inventory,, meaning Va repos only.. reo trans is a website where such inventory exists..
Credit scores are not considered when determining the qualification for the loan however, the VA will require prospective buyers to submit a VA Formand to show proof of two years of employment and verification of funds for the down payment if none owner occupied.. Amazing enough there is no appraisal required!
And investors can purchase multiple properties under this program there are no limits!! Contact me for more info and to see what property’s are available.