Apply For A VA Loan With No Comparable Sales
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Have you been told you can’t get a VA loan because your home has no comparable sales, also known as “no comps”? Approving a VA Loan with no comparable sales is not a problem with us. Call or apply now to see if you qualify with us.
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What Are Comparable Sales?
VA appraisers form an opinion of value for a VA home loan by using comparable sales. If the appraiser can’t find recent comparable home sales then the appraiser must use dissimilar homes in preparing the appraisal. That’s a big problem for lots of VA lenders. But, HomePromise is not that restrictive.
Does The VA Allow Cash-Out Refinancing?
A VA Loan requires an appraisal. The appraiser has to find comparable sales (“comps”) to determine the value of the home. If there are none found then the appraiser must use the most similar homes that are available for the appraisal report. Many VA lenders won’t approve loans when good comparable sales are not found. This is often not a problem with HomePromise. Give us a call today to see if you qualify. For more information call 800-720-0250 to speak with a VA Loan & Refinancing Expert.
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VA Loan & Refinancing Experts
The VA Home Loan benefit is the best mortgage choice for military members, Veterans, and their surviving spouses. For almost every Veteran, it is a better choice than a Conventional, FHA, or USDA loan. Best known as a no-money-down loan, the VA Home Loan benefit provides a low-fee option for active military members, Veterans, and surviving spouses meeting the eligibility requirements set in place by the Veterans Administration.