The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. The program is available to Veterans, non-Veterans, owner-occupants, and investors.
The VA Vendee Loan Program offers buyers of VA REO properties a unique seller financing loan product that is competitive and affordable. Vendee is a viable alternative to traditional financing.
|Vendee Loan||Conventional Loan|
|Little or 0 Down||Typically 20% Down (Average $76,800)*|
|Appraisal May Be Required||Appraisal Required (Average $500)|
|No PMI Required||PMI Typical (Average $3,000 per yr)*|