Sunday, September 25, 2016

Home Sellers Turning Down VA Mortgages For Veterans?

Few Homes Available to Armed Forces Veterans
NBC News Miami
By Tony Pipitone
September 23, 2016


“The bad news is that a lot real estate professionals don’t know what is a great program.” David Kurz

Chris and Martyka Myers thought they’d found the perfect home.

“I was wowed by it. I walked to the backyard and a big wonderful pool in the back and the house was just beautiful,” Chris Myers said.

The couple says the price was high, but the sellers were willing to drop down the price to $379,000. “But as soon as I told them about the VA loan -- that portion of the talk -- they basically shut down the conversation at that point,” Myers said.

Members of the Armed Forces, veterans – like Chris Myers – and their families make many sacrifices while serving here and abroad. That’s why in 1944, the U.S. government created a military loan guaranty program to help returning service members purchase homes. The program gives big breaks on fees and down payments to veterans.

But the NBC 6 Investigators found out that four of every five home sellers in Miami-Dade area say they will not consider Veterans Administration financing – closing the door to veterans, if they want to use the benefits the government says they deserve.
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