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VA Vendee Loans Financing on Foreclosure in Arizona

Under a our program called Arizona VA Vendee Financing, ANYONE can get an Arizona VA loan (you do not have to meet the normal Arizona VA Loan eligibility requirements).

Vendee financing is a Arizona loan product offered to individuals to help finance the purchase of Arizona VA REO Properties. Please info@MyOwnArizona.com or call (520) 222-6929 if you would like to be updated daily of any new Arizona VA owned homes for sale in Tucson or surrounding areas where you can receive vendee financing.

Some features of Arizona VA Vendee financing:
• Seller may contribute up to 6% of the contract sales price to pay for funding fee, closing costs, prepaid and other expenses.

• Arizona Vendee mortgages are assumable by qualification.

• Arizona Vendee Financing is not a credit score driven product.

• There are two available terms, a 15 and 30 year fixed rate.

Owner Occupied purchase:

Can be financed with as little as 0% down. The loan amount may be increased up to 2% to finance closing costs, prepaids or other expenses. However, the funding fee may not be financed.

Non-owner Occupied purchase:
• Can be financed with as little as 5% down. Investors may use 75% of anticipated rent based on appraiser's estimate to offset against the subject property monthly payment.

• Investors must have experience managing Arizonarental properties to include anticipated rent on subject property in underwriting.

• No maximum number of Arizona investment properties.

Now, let's say you own a home already with an Arizona VA loan, but you are moving to Tucson and have decided to rent out your existing home, rather than sell it. Or, you own a Arizona home in Tucson with a Arizona VA loan but it is getting a little small for your family and you see a great Arizona home for sale in Tucson that you want to buy. Here is a little known fact... You don't have to refinance or sell your home with an existing Arizona VA loan to be eligible to purchase another home with an Arizona VA loan!

The VA allows for a one-time reinstatement of eligibility, which will allow you to have two homes with Arizona VA loans! Here is a guide below on both how to get your initial Certificate of Eligibility AND how to apply for a one time reinstatement of eligibility. We are here to help and these can both be done quickly online!

>> Click Here to Download Arizona VA Vendee Loan Brochure <<