How To Buy a VA Home

Are you looking to buy a VA home in Atlanta and would like more information on how to buy a VA home and the process involved?

It is vital that you remember one thing while you explore the VA home buying process—VA requires that all bidders must be pre-approved to purchase the home. In other words, if you are looking to finance the property, you must make application and have a conditional loan commitment from a qualified lender.

VA homes can be a great investment for potential home owners and real estate investors.  Often times, the properties can be purchased at a significantly reduced market value.  

As a potential VA home buyer, remember the following:

• A buyer must use the services of a VA qualified real estate broker

• A buyer must be pre-approved for a mortgage or show evidence of adequate cash reserves to purchase the home

• The property code will determine how a buyer may finance the property

• VA offers "VA Vendee Financing" which is a form of seller financing

• Buyers do not have to be veterans to qualify for VA Vendee financing

• VA homes are sold "as-is"

• Before making a bid on a VA home, you must provide your VA registered real estate broker with the appropriate earnest money in the form of a cashiers check or money order.  

• The minimum earnest money deposit required is $1,000 and is non-refundable unless the buyer is unable to obtain financing.

  In the following pages, you will find all of the necessary information that you will need to purchase a VA home (homes acquired by the U.S. Department of Veterans Affairs)—ranging from the bidding process to the different types of properties. 
  

  To begin, select from the following: