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  1. 05-03-2018, 19:48 #31
    00tec
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    Quote Originally Posted by CavSct1983 View Post
    I find it fascinating there isn't an agriculture-based loan in the same vein as a VA home loan.
    Bought mine with a USDA loan. I think I paid like $6k at closing on $335k. Has to be ag zone, over like 35 acres.
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  2. 05-03-2018, 19:51 #32
    CS1983
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    Quote Originally Posted by 00tec View Post
    Bought mine with a USDA loan. I think I paid like $6k at closing on $335k. Has to be ag zone, over like 35 acres.
    Right, but didn't the VA loan thing come out of ww2? I'd have thought that encouraging farming/ranching would be a thing, even if a vestige of yesteryear.
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  3. 05-04-2018, 15:05 #33
    davsel
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    Quote Originally Posted by Grant H. View Post
    I'm not the expert here, but having just sold a house that had a LOT of VA loan sale prospects, I don't think you should have had to pay for the home inspection...
    Just an FYI

    Home Inspections are never a requirement for a mortgage loan, VA or otherwise.

    Having a Home Inspection is a choice that the buyer makes before going into negotiations concerning the state of the home and estimated cost to repair. It is smart to have an inspection on any home that is not a new build - which has just passed County inspection and usually comes with a warranty period from the builder.
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  4. 05-04-2018, 15:16 #34
    davsel
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    Quote Originally Posted by HBARleatherneck View Post
    The VA will do small acreages. I have done 80 acre land/home parcels on a VA loan, but they dont go as large as we are buying. There is no house on this land, no power, no well, no septic. I will be paying cash for all of that.
    Vacant land loans are treated differently in the mortgage business - VA or otherwise - mostly because they are easier to walk away from. The VA program is a "VA Home Loan" program. The VA will back Construction loans on vacant land, but will not get involved with unimproved acreage unless you are building a home on it.

    More info here: https://www.valoans.com/articles/va-...and-purchases/
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  5. 05-04-2018, 17:46 #35
    CoGirl303
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    Quote Originally Posted by Squeeze View Post
    Well...here's a not so great update. The damn seller decided she didn't want to fix any of the known issues with the house in order for it to be qualified under VA. Even though she agreed to do so once we went under contract. So the ***** backed out of the sale and I'm out $275 for a home inspection. I did get my earnest money back and am now back on the hunt for another home. If the juice was worth the squeeze, I'd sue her ass. SO if anyone would love to help a guy pay for my next home inspection, I've got some custom kydex holsters for sale.
    I'm so sorry to hear this, but sounds like a blessing in disguise as far as that goes. House might have had more issues than worth hassling with.

    Good luck in your search.


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  6. 05-07-2018, 05:07 #36
    Squeeze
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    Another ***UPDATE***

    Just went under contract on a MUCH better home. Still in Aurora, but a bigger house with a lot more room for only 5K more. Looks like closing is on June 1st. As CoGirl put it, it was a blessing in disguise on the previous house.
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  7. 05-07-2018, 07:46 #37
    TheGrey
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    Quote Originally Posted by Squeeze View Post
    Another ***UPDATE***

    Just went under contract on a MUCH better home. Still in Aurora, but a bigger house with a lot more room for only 5K more. Looks like closing is on June 1st. As CoGirl put it, it was a blessing in disguise on the previous house.
    I'm keeping my fingers and toes crossed for you. Did you have this one inspected as well?

    Aurora has some nice areas.
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  8. 05-07-2018, 08:58 #38
    Squeeze
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    Yes, because of the debauchery from the previous home we were trying to buy, my realtor is paying for the home inspection on this one. Aurora does have some nice areas. The commute to work will be easy. Also, I have to meet my ex in Limon from time to time to pick up my son so the commute out that way will be quite a bit less as well. The seller of this home is already going under contract on their dream home in CO Springs, so they are motivated to close quick. I am typically not one to be excited about moving, but in this case, yes...I'm stoked to get out of my current shoe box apartment and into a real home.
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  9. 05-07-2018, 13:07 #39
    Great-Kazoo
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    Quote Originally Posted by Squeeze View Post
    Yes, because of the debauchery from the previous home we were trying to buy, my realtor is paying for the home inspection on this one. Aurora does have some nice areas. The commute to work will be easy. Also, I have to meet my ex in Limon from time to time to pick up my son so the commute out that way will be quite a bit less as well. The seller of this home is already going under contract on their dream home in CO Springs, so they are motivated to close quick. I am typically not one to be excited about moving, but in this case, yes...I'm stoked to get out of my current shoe box apartment and into a real home.
    Good for you.


    We have an informal showing this afternoon. Not getting excited as it's a casual walk through.
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  10. 05-07-2018, 15:25 #40
    CoGirl303
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    outstanding Squeeze!

    When's the housewarming party?!?!


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