Vendee™ Loan Program
What is a VA Vendee™ Loan?
The VA Vendee™ Loan Program offers qualified borrowers the option of purchasing eligible 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 |
| No PMI Required | PMI Typical |
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.
Trademark Disclaimer: Vendee™, Seller Financing (Vendee™) and/or other United States Veteran Affairs loan products referenced herein are either trademarks, servicemarks or registered trademarks of The Secretary of Veterans Affairs. Use of the Vendee™ logo or program name is authorized only by The Secretary of Veterans Affairs or its authorized agents.
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. is a prime contractor for the Department of Veterans Affairs to manage VA Real Estate Owned (REO) properties, the Vendee™ Loan Program and servicing of VA Portfolio Loans through its partners, vendors and affiliates