There is a unique loan program I have uncovered in finishing the research for my upcoming book that benefits buyers of The Department of Veterans Affairs (VA) REO’s. The Vendee Program allows ANY qualified buyer to get the perks of VA financing whether they are purchasing for use as a primary residence or investment.
The link to find the properties in Florida that are eligible is below:
https://va.reotrans.com/index.cfm
Some of the benefits:
Primary residence purchase = No money down
Investment purchase = 5% down
Low fixed rate, 30 year loan (same rates apply for both owner occupied and investor)
6% seller paid closing costs allowed
No appraisal or title fees required
$2,500 flat fee that covers most of closing costs
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