Did the Minimum NET change?

Lender told me they needed to NET 84.5% instead of the 85.05% that the internet shows. Does anyone have information that supports this? I don't want to have to get a new contract if they're wrong.

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Replies to This Discussion

Permalink Reply by Chad Gelsinger on April 9, 2020 at 6:33am

Hi Neil,

VA NET is 84.05% of Appraised Value.

Chad.

Permalink Reply by Corinn on April 9, 2020 at 6:48am

I just rec'd a counter on a VA Short Sale today, and they said they needed a net of 84.05% of the appraised value.

Permalink Reply by Short Sale Superstars LLC on April 9, 2020 at 11:12am

I agree with the people saying 84.05% minimum NET. It did change it used to be the 85.05% in the past.

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