Dunedin veteran couple: home sellers turn down offers due to VA - Local news, weather, sports Savannah | WSAV On Your Side

Dunedin veteran couple: home sellers turn down offers due to VA loan

Posted: Updated:
DUNEDIN, FL (WFLA) -

Like most mothers, Melanie Gearhart wants her 7-year-old son, Andrew, to grow up in their own home, with a big yard.

"He desperately wants a dog," Gearhart said of her son. "Every time at school when they have to put what they wish for, he wishes for a dog."

Gearhart and her husband, Douglas, served our country in the U.S. Army. Both served in Iraq. Now that they're looking to buy their first home, they want to use one the benefits given to veterans: the VA loan.

The government-backed loan has a lower interest rate and requires no down payment.

"It's not a money issue," Gearhart said. "We can get a loan, we can get a good house. But we can't."

The Gearharts found five houses they want to buy, but no one wants to mess with their VA loan.

"It's something fantastic for veterans, so hear that real estate agents don't like it, it was actually really shocking to me because I don't understand that," Gearhart said.

Their real estate agent, Steven Ganes, was shocked.

"We as a society need to do a better job of getting loans and homes for our veterans," he said. "I believe they deserve that."

The foreclosure rates for VA loans is actually lower than other types of loans. But mortgage brokers say their clients are still locked out.

Ryan Ford, of Interium Capital Mortgage, deals mostly in VA loans. He doesn't know why the misconceptions are getting worse

"I have Realtors tell me they don't want to accept offers because it's a VA loan, and that's not right."

Part of the reason some sellers avoid VA buyers is because these loans require an appraisal and typically take a few weeks longer to close.

Copyright 2014 WFLA. All rights reserved.


  • Don't Miss ItMore>>

  • ISIS Fast Facts

    ISIS Fast Facts

    Tuesday, September 16 2014 2:41 PM EDT2014-09-16 18:41:44 GMT

    A look at Islamic State in Iraq and Syria (ISIS)

    A look at Islamic State in Iraq and Syria (ISIS)

  • Bear takes dip in back yard pool

    Bear takes dip in back yard pool

    Tuesday, September 16 2014 1:52 PM EDT2014-09-16 17:52:16 GMT
    NBC News imageNBC News image
    It's no secret that alligators sometimes make their way into pools here in Florida. But, in sunny California, bears have been known to venture into back yards to take a dip.
    It's no secret that alligators sometimes make their way into pools here in Florida. But, in sunny California, bears have been known to venture into back yards to take a dip.
  • Young heart patient's family to donate 'extra money' to others on transplant list

    Young heart patient's family to donate 'extra money' to others on transplant list

    Monday, September 15 2014 7:46 PM EDT2014-09-15 23:46:17 GMT
    Little Hudson. Image courtesy Hudson's Heart Community/FacebookLittle Hudson. Image courtesy Hudson's Heart Community/Facebook
    A Durham family has surpassed their fundraising goal to help pay for mounting medical bills for their 2-month-old son in need of a new heart, and they say they plan to donate any extra money to other families of children in need of organ transplants.
    A Durham family has surpassed their fundraising goal to help pay for mounting medical bills for their 2-month-old son in need of a new heart, and they say they plan to donate any extra money to other families of children in need of organ transplants.
  • Most Viewed Stories on WFLA.com

  • Sign up for WFLA News Channel 8 Email Alerts

    * denotes required fields






    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.