Posted by Dave T on March 30, 2001 at 21:25:52:
Sorry, VA does not do creative financing. You can only use your VA entitlement for an owner-occupied dwelling. VA will not lend more than the purchase price, though a veteran can add the funding fee and closing costs to the mortgage amount.
VA financing gives you one avenue to a “no money down” deal, but cash back at settlement from your VA mortgage is out of the question.
If this does not answer the question, post a scenario for more definitive discussion.