| Financing plays an important role in the purchase of properties sold at auction. Most home auction buyers will use mortgage financing to complete their purchase. Since your bids on a property will depend in part on how much home you can afford, Value Home Auctions strongly recommends that you pre-qualify for a loan with one of VHA's designated auction lenders. VHA has designated auction lenders that can pre-qualify you now! It's fast, easy and only takes about five minutes! VHA's designated auction lenders are leading companies that you know and recognize. Loan rates offered by VHA designated auction lenders are competitive, and vary by individual borrower financial information. |
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| VHA's designated auction lenders offer a variety of loan products to match the diverse needs of home auction buyers. While loan programs are subject to change based on market conditions, our designated auction lenders have the proven expertise and competitive programs to get your loan approved and funded, even in today's tight credit markets: |
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Down payments as low as 5%. |
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Conventional loans up to $729,750 (2008 geographic guidelines) |
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Jumbo loans for amounts above the new conforming loan limit |
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Competitive fixed-rate and variable-rate programs |
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Low interest only and balloon payment loans |
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First time home buyer specials |
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| Regardless of whether you plan to use financing or pay cash, there is no loan financing contingency in your purchase contract, and if you do not qualify for financing or cannot close on time, you may lose your Earnest Money Deposit. |
| If you place a bid on a Property, VHA's designated lender will contact you for verification of financing to complete the purchase (whether through the VHA designated lender or your own lender), or if you indicated that you will be making a cash purchase, verification of assets to complete the purchase. |
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Down payments as low as 5%. |
|
Conventional loans up to $729,750 (2008 geographic guidelines) |
|
Jumbo loans for amounts above the new conforming loan limit |
|
Competitive fixed-rate and variable-rate programs |
|
Low interest only and balloon payment loans |
|
First time home buyer specials |
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