Zillow now includes Veterans Affairs loan eligibility in
condo listings, making it easier and faster for veterans to find a
condo they qualify for
SEATTLE, July 7, 2022
/PRNewswire/ -- Home shoppers who are military veterans now have a
simpler way to shop for condos that are eligible for Veterans
Affairs (VA) loans. Today, Zillow announced that condo listings on
its site and apps will include information about the home's
eligibility for a loan from the VA. This new Zillow feature is
designed to help the 19 million veterans who are eligible to
fund their home purchase using a VA loan.
Many home shoppers are not aware of the additional
requirements that must be met for a condo to be eligible for a
VA loan. Zillow's new feature takes the guesswork out of the
process for shoppers using VA financing for their home purchase
allowing them to immediately see if the condo they're interested in
is VA-loan eligible. Before this tool was available, most shoppers
had to toggle between their search on Zillow and the VA website to
confirm financing eligibility on every single condo they were
interested in, adding unnecessary complexity and time to their home
search.
With this new tool, veterans shopping for a home are saving
valuable time in a hot housing market, where speed and access to
accurate information is increasingly important in the buying
process. Recent Zillow research shows that homes sold in April
typically went pending after only seven days — a dramatic
acceleration in the market over the past few years, following the
COVID-19 outbreak. For perspective, in April
2019, the typical home was on the market for 24 days before
an offer was accepted.
"We want everyone to have access to the information necessary to
empower their home search," said Aldona
Clottey, Zillow's vice president of Corporate Social
Responsibility. "Adding VA loan eligibility information to our site
creates an easier home-shopping experience for veterans. In today's
competitive marketplace, where homes sell in a matter of days, an
efficient home search is critical. This feature provides valuable
financing information right at the fingertips of our veterans as
they search for their next home."
The VA loan eligibility information, which can be found on condo
home and building detail pages, is a part of Zillow's broader
social impact strategy to provide products and solutions that help
people unlock life's next chapter. Other products include the
display of LGBTQ local legal protections and information about down
payment assistance programs. Additionally, Zillow connects
VA-loan-eligible home buyers to VA lenders through its dedicated VA
lender page.
About Zillow Group:
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate
to make it easier to unlock life's next chapter. As the most
visited real estate website in the United
States, Zillow® and its affiliates offer customers an
on-demand experience for selling, buying, renting or financing with
transparency and ease.
Zillow Group's affiliates and subsidiaries include Zillow®,
Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing
Services™, Trulia®, Out East®, ShowingTime®, Bridge Interactive®,
dotloop®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an
Equal Housing Lender, NMLS #10287
(www.nmlsconsumeraccess.org).
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SOURCE Zillow