| VA Homes and Home LoansVA stands for U.S. | | | | almost anyone, while the VA is very exclusive. |
| Department of Veterans Affairs. To get a home | | | | There tend to be far fewer VA homes available |
| loan through the VA, you must have served in | | | | in relation to HUD homes as a result of the limited |
| one of the branches of the Armed Forces.How | | | | applicants, but VA homes can still be found for |
| does this concern the non-veteran? Simple: When | | | | sale in almost every market in the U.S.Dealing with |
| a veteran defaults on a VA backed loan, the VA | | | | the VA is completely different than dealing with |
| pays off the mortgage, assumes title to the | | | | HUD. The VA does not have an auction process. |
| property and then liquidates it. Anyone can buy a | | | | They have an offer process, much like that of a |
| VA owned home.The Differences Between HUD | | | | private owner. The difference is, the VA is a |
| Homes and VA homesHomes owned by the VA | | | | motivated seller. They are not looking to cash in |
| are almost always in better shape than those | | | | on equity like a private owner is.Chris Yarbrough |
| owned by HUD. It is a simple matter of | | | | writes for the His home buying guides can be |
| demographics; HUD through the FHA will loan to | | | | viewed here. |