The fact that VA has not instituted a guideline restricting military vets getting a VA home loan, in regards to properties with a short chain of title, does not mean that there are not other variables needing close attention.
As you are aware I am sure, a short chain of title is a sign that could signify a "flip" property, and with flips also come homes that needed lots of tender love and care before they were resold. The underwriter will likely request an inspection on the property to see what things might have been done to get the home back in shape, and if there is mention of foundation work, VA underwriting will likely ask for an engineers report on that foundation. Lastly, they are asking the have the seller pay for a home warranty and requesting that to be shown on the HUD.
For a more extensive explanation of this, check it out here, at my mortgage guy for life website.
I help families with Good to Great Credit find the best loan for their needs. Serving Families in Frisco, Mckinney, Plano, and Greater Dallas Area. FHA and Conventional... Don't Keep Me A Secret! (:
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