Buying a foreclosure with a VA Loan?

Checking out my county’s foreclosure auction site, I see a house here and there that would possibly suit our needs at a better price for our budget. (I honestly don’t understand how people can afford these big mortgages when the average income in the area around me doesn’t support $2000/month mortgage payments..but that is a different discussion)

My question is as the title states, Can you buy a foreclosed home using a VA Loan either through the auction or by some other means? I understand there are minimum property requirements (MPRs)…I guess I am just wondering has anyone done it? if so…how did it go? if not, why not?

submitted by /u/jsr0928
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Checking out my county’s foreclosure auction site, I see a house here and there that would possibly suit our needs at a better price for our budget. (I honestly don’t understand how people can afford these big mortgages when the average income in the area around me doesn’t support $2000/month mortgage payments..but that is a different discussion) My question is as the title states, Can you buy a foreclosed home using a VA Loan either through the auction or by some other means? I understand there are minimum property requirements (MPRs)…I guess I am just wondering has anyone done it? if so…how did it go? if not, why not? submitted by /u/jsr0928 [link] [comments]

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