What is a VA Vendee™ Loan?
The VA Vendee™ Loan Program offers qualified borrowers the option of purchasing elegible 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 qualified buyers of elegible VA REO properties a unique seller financing loan product that is competitive and affordable. Vendee™ is a viable alternative to traditional financing.
Vendee™ Loan Possible Advantages
- For Veterans, non-Veterans, owner-occupants, and investors
- Financing with little to no money down
- Origination and funding fees may be rolled into the loan for qualified borrowers
- Competitive interest rate
- Seller may contribute toward closing costs
- No pre-payment penalties
- No mortgage insurance requirements
Loan Type Comparison
| Vendee™ Loan | Conventional Loan |
|---|---|
| Little to no money Down | Typically 20% Down (Average $76,800)* |
| No PMI Required | PMI Typical (Average $3,000 per yr)* |
For more information on the VA Vendee™ Loan Program, contact VRM Mortgage Services at 855-843-8334 or info@vrmco.com.
To search for properties eligible for Vendee™ financing, visit vrmproperties.com.
Vendor Resource Management, Inc. is privately owned and is a separate entity and not affiliated with the VA or the Federal Government. Vendor Resource Management, Inc. has a prime contract with the VA to manage and outsource the Vendee™ Loan Program, which offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down