VA Financing is Frustrating for Vets in Today's Market!

We are experiencing tough times for veteran buyers seeking to buy homes utilizing their eligibility for a VA loan. Veterans can obtain 100% financing. This is a great benefit to the veterans, and I believe they should be the only ones allowed to use 100% financing. Bank owned foreclosures AKA (REO's), are a large part of the current inventory, and these type listings are generally not accepting VA financing, and rarely accepting FHA offers. I'm having the toughest time trying to place my verteran buyers into homes because the banks or asset managers will not entertain offers written with VA financing. The banks sell their REO inventory AS-IS, and mostly without paying for repairs, termite reports and certifications. Most of the listings need work as a result of foreclosure, and due to the huge inventory and huge losses, we are not seeing the banks invest money to make repairs. If banks could invest money to bring up their property to the proper standards, we could sell many more properties to VA and FHA buyers.