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My husband and I were looking into buying a slightly older house and we would use the VA loan to purchase the house. Would we be able to take out a slightly higher amount of money to pay for the house and then use the left over to to some things around the house? The appliances need updating and the backyard needs to be fenced in. The house is only $145,000 and we were approved for over $170,000 so it's not an issue of approval.
 
Posts: 28 | Registered: Sat 24 December 2005Reply With QuoteEdit or Delete Message
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If you talk to your mortgage lender they should be able to answer this. There is also a list of VA regional loan centers here VA Home Loan Centers
 
Posts: 1313 | Registered: Tue 12 March 2002Reply With QuoteEdit or Delete Message
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This question is better asked in the Finance section/subtopic VA Loans, and as such will be moved there at Noon EST.
 
Posts: 11620 | Registered: Mon 04 August 2003Reply With QuoteEdit or Delete Message
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Posts: 12808 | Registered: Thu 12 October 2006Reply With QuoteEdit or Delete Message
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No. A fence and appliances do not qualify for financing over the purchase price.

Paul
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Posts: 720 | Registered: Tue 20 July 2004Reply With QuoteEdit or Delete Message
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