Cheri Salazar, Studying for agent license (Real Estate Student)

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Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

In a hot seller's market with multiple offers they have a hard time getting a home.  Even if their offer is really good seller will select the strongest buyer. 

Mar 01, 2019 09:46 AM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

VA and FHA loans have more conditions than conventional and are not nearly as strong as a conventional loan.  Often sellers will take a slightly lower offer that's conventional, over a VA or FHA loan.


Because of the property condition requirements of VA & FHA loans, older homes may not qualify for the financing.

Mar 01, 2019 11:13 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Typically they are low down payment buyers in need of closing cost help.  And in a market where a lot of buyers don't need closing cost help, well, that can be an issue.

Mar 01, 2019 10:10 AM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

The appraisals can require sellers to make repairs they are not willing to make. 

Mar 01, 2019 10:06 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends on the market. Sometimes conditions and attitudes play a role. The question is too broad to answer with specifics. 

Mar 01, 2019 10:19 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Cheri Salazar in our area getting an appraisal can be a challenge. A VA appraisal takes more time and paperwork yet they pay less than other appraisals so NONE of the appraisers in our City will do them. In 2011 we had a flood that destroyed 1/4 of our City and at the same time we were an oil boom town... a VA appraisal could take 3 to 6 months to get done during that time.

Mar 01, 2019 12:03 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

In the San Francisco Bay Area, the big problem with FHA and VA loans is the maximum loan limit. Our home prices are too high for many FHA/VA buyers.

Mar 01, 2019 10:57 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Stricter lending guidelines and less inventory available to them.


Mar 01, 2019 09:48 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker


Mar 01, 2019 09:31 AM
Peter Testa
Nationwide Homes - Danbury, CT

Condition of the property written up in the Appraisers report. What they note has to be rectified. It doesnt work well with an As Is unless buyer is willing to do the work upfront. 

Mar 01, 2019 12:01 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've not really had any significant challenges. And especially not with VA loans.

Mar 01, 2019 10:23 AM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Delays, inaccuracies in reporting by buyers.

Mar 01, 2019 10:17 AM
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

No real challenges on FHA as far as getting the buyer closed. The only significant FHA con to me is that the mortgage insurance doesn't go away even after one has 20+% equity. On VA, there can be a challenge as they can be picky about the home and they have their own inspector go look at the property and they sometimes find things they want handled that are not important to the buyer or seller and then you run into the - who's going to pay the fix - issue.

Mar 01, 2019 10:15 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

There are stricter lending guidelines for both. Both are stricter on the appraisals/inspections as well. There is also less inventory available to FHA & VA buyers.

Mar 01, 2019 07:46 PM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

The only challenge is finding condo communities that are FHA/VA approved.  I am in a market that the majority of the transaction are cash or conventional financing. 

Mar 01, 2019 07:28 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

For the buyers I have worked with, some of the challenges my buyers have dealt with for VA and/or FHA loans has been finding a house "in the buyer's price-range" where there are multiple offers ... VA and FHA loans go to the back of the bus.  Another challenge is if a house has "issues" or work needed that the seller is not willing to do (and/or the buyer cannot do) so the loan can be approved.  (eg: scrape & paint -- inside or outside; electrical issues; roof nearing end of life; mold; furnace and or structural issues)

Mar 01, 2019 02:41 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Once again, I agree with Michael Jacobs 

Mar 01, 2019 11:11 AM
Roy Kelley
Retired - Gaithersburg, MD

They are normal transactions for first time home buyers. 

Mar 01, 2019 01:48 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

all around bad credit, they often have extra bad things pop up from years ago. It's the nature of the beast. 

Mar 02, 2019 05:53 AM
Peter Mohylsky
PMI. Destin - Miramar Beach, FL

Lots of work for limited payoffs.

Mar 02, 2019 04:55 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

there should be no challenges beyond what you would normally find with conventional financing..... if you use a well-versed mortgage officer, you'll have no issues....

Mar 01, 2019 05:17 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Passing the inspection and appraisal.

Mar 01, 2019 02:45 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

With both of these loans, there could be issues addressed by appraiser that need to be repaired prior to closing.   In a bidding war, sellers tend to choose more CV loans or cash.

Mar 13, 2019 02:58 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

getting the inspection to work with them.


Mar 03, 2019 09:08 AM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Many sellers do not understand these types of financing, so we do need to be prepared to educate them to make sure there is parity in the review of offers against conventional and cash

Mar 02, 2019 09:24 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

The BIGGEST challenge is buying a condo. It's important to be working with a lender that really knows the ins and outs with these loans and condo projects. 

Mar 02, 2019 08:55 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Obviously an 840 credit score and a 20% down Fannie is easier. Plus they are not first time buyers.

Mar 02, 2019 07:21 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Typically the hardest part is finding an experienced mortgage broker and also getting the offer accepted with this kind of contingency.

Mar 02, 2019 06:46 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The 2 biggest nagatves can be property condition, meaning needing work. The second is a seller unwilling to make repairs or pay for repairs. 

Mar 02, 2019 05:42 AM
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

You look like a 🐇.

Mar 01, 2019 10:44 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

99% of realtors never have processed a VA loan.  Seller will decline if they had to pay for closing cost. FHA loan is sometimes popular with low end condos although the lowest I have accepted is 10% down.

Majority home sellers only entertain > 20% down with no loan contigiency. Too many buyers not enough homes for everyone for 40 years now.

Mar 01, 2019 04:43 PM