VA-owned homes are a great way to buy a home for a lower price, and if you are a veteran you may also be able to get a VA Home Loan to purchase the property.  The question is: how do you buy a VA-owned home?  There are properties available all over the United States in different price ranges.  These homes can be bought by anyone, veteran or civilian.

A VA-owned property is a residential or commercial property that is owned by the Veterans Administration.  The VA acquires these properties when they offer a VA home loan to someone that defaults on their mortgage payments and the property is foreclosed.  The VA then sells the property to recapture the money they repaid the lending bank for the original loan.

Because the VA Home Loan Program offers guarantees to banks to pay the banks if the individual they are loaning money to stops paying the mortgage and goes into “default”, the Veterans Administration needs to sell the foreclosed property to get back some of the lost money.

How do you buy a VA property?     

The Veterans Administration sells their properties through Ocwen Loan Servicing, LLC, which is their service provider that lists all the VA-owned properties.

To find a list of VA properties for sale, just go to .

Here you will find a map of the entire United States.  Then just click on the state you are looking for, and choose a city from the choices that are offered.  Once you choose a city, a list of available properties appears.

They offer information like:

  • The address
  • The property’s square footage
  • How many bedrooms and bathrooms

This is a great resource if you are looking to purchase a VA-owned property because you get all the pertinent information right away.

The great thing about VA owned properties is that anyone can buy them!  Veterans can even get a VA Loan to purchase a VA owned home.  The average person can use a Vendee loan to purchase a VA owned property.

The benefits of Vendee loans are:

  • They are available to non-veterans, and veterans
  • They require less out of pocket expenses than traditional mortgage loans
  • They charge lower fees than other lenders
  • They do not charge an appraisal fee or a tax service fee
  • They require no money down on purchasing your own home, and only 5% on investment properties
  • No mortgage insurance is required
  • They offer faster closing time and low fixed mortgage interest rates

If you are interested in filling out an application to purchase a VA-owned property go to Ocwen VA Vendee Financing Section at

Here you will find all the forms you need for the process of buying a VA owned property.  There is a $350 application fee to buy the home, and they require $500 earnest money on the property you wish to purchase.

For more information on VA owned property and how to apply to purchase this property go to

You can also read the brochure that can tell you all about Vendee financing at :

Buying VA owned properties is a way for people to save money when purchasing a home and get many breaks, discounts, and perks when financing their mortgage.  Contact  The Department of Veterans Affairs, Property Management Oversight Unit, 3401 West End Avenue, Ste 760, Nashville, TN 37203,  Fax: 215-713-9481 for even more information on this great program.


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