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How to Buy a VA Home in Phoenix

VA homes can be a great investment for potential home owners and real estate investors.  Often times, the properties can be purchased at a significantly reduced market value.  

As a potential VA home buyer, remember the following:

• A buyer must use the services of a VA qualified real estate broker

• A buyer must be pre-approved for a mortgage or show evidence of adequate cash reserves to purchase the home

• The property code will determine how a buyer may finance the property

• VA offers "VA Vendee Financing" which is a form of seller financing

• Buyers do not have to be veterans to qualify for VA Vendee financing

• VA homes are sold "as-is"

• Before making a bid on a VA home, you must provide your VA registered real estate broker with the appropriate earnest money in the form of a cashiers check or money order.  

• The minimum earnest money deposit required is $1,000 and is non-refundable unless the buyer is unable to obtain financing.

You can obtain a list of Phoenix HUD homes currently for sale by clicking here. 

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