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The properties that qualify for a VLB loan include a single-family home, town home, condominium or particular multi-family units in the Texas real estate market. To qualify for this no down payment loan, veterans must show that their primary residence is Texas and live in the new home.
However, if you either take a residential mortgage loan application or attempt to negotiate a residential mortgage loan on your client’s behalf, you must be licensed as a residential mortgage loan originator. I am a licensed real estate broker. My client is selling a home that she owns as investment property.
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"The full 203(k) loan is a construction-related product that essentially benefits everyone involved in real estate today." Schakett pointed out, "For borrowers, it provides opportunities to take.