The V.A. REO program was contracted to Countrywide. The V.A now does not offer V.A. Vendee any longer It was understood that the program was going to start once again in Oct 1, 2008 Nobody seems to know what's going on? Please Please advise anyone thank Disabled Vet USMC

The VA Vendee Program came back about 3 weeks ago. It requires a minimum 580 credit mid-score, 41% max debt to income ratio, and no bankruptcy or foreclosures in the last 5 years. 100% financing for owner occupied properties and 5% down for investment properties. 75% of rental income can be used to offset debt to income ratio. 2.25% VA Funding Fee. You can contact the Vendee Reps at Countrywide at 800-816-4346.

Paul
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Paul outstanding job your information highly beneficial thank you for taking the time. Robert