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How a VA Loan Can Protect You:
The VA helps protect you with its loan. Here's how:
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Homes that were completed less than a year before purchase with VA financing must be inspected during construction by the VA and must meet VA quality requirements.
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This also means the builder must be approved by the VA.
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The VA can suspend builders from the the approved list for those who don't follow VA's guidelines on fair lending or decline to sell a home because of race, color, religion, gender, disability, or nationality.
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The builder is required to give the veteran a one-year warranty that the home has been constructed to VA-approved plans and specifications.
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The borrower obtaining a loan may be charged only the fees and other charges designated by the VA as allowable.
Get a free VA Refinance Quote Today!!
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Other Useful sites:
Official VA Streamline Refinance Information
Refinancing in declining market
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