What are the disadvantages of a VA Loan?
- VA Loans made prior to March 1, 1988 can be assumed with no qualifying of the new buyer. If the buyer defaults the property the Veteran homeowner may be liable for the funds.
- Some sellers are hesitant to work with someone obtaining a VA Loan because it takes longer than a conventional loan to process.
- Sellers are often asked to pay a portion of closing costs and therefore less likely to negotiate the sales price of the home.
For information purposes only. This is not a commitment to lend or extend credit. Information
and/or dates are subject to change without notice. All loans are subject to credit approval. Leopard
Funding does not make any mortgage loan commitments or fund any mortgage loans. Leopard
Funding arranges loans with third-party providers.
Leopard Funding, LLC. DBA: Leopard Group | NMLS Unique Identifier 2090994 |Licensed by the N.J.
Department of Banking and Insurance | www.nmlsconsumeraccess.org | Equal Housing Opportunity