Are you Oscar Mike to the area or already local and want to tackle the mission of homeownership with benefits that honor your military service? Active Duty & Veterans – buckle up because we’re about to make the VA Loan home-buying process easier to understand! We are here to help you get squared away! VA loans are basically the hard charger of mortgages for current and former military trailblazers (that’s you!) and even some incredible surviving spouses. The high-speed part? You can acquire your dream hooch with little or no down payment! Saving for that down payment stressing you out? Fear not, because VA loans got your back. There’s NO down payment! And on the subject of having your back, thank YOU for your service and having our backs!
VA Loan Facts for the Boot:
- No down payment needed – finance 100%!
- Say goodbye to PMI – save those extra dollars!
- Pick your dream hooch – single-family, multi-unit, condo, or manufactured home!
- Funding fee? No problem – it can be rolled into your loan or paid at closing!
- No prepayment penalties – pay it off early without breaking a sweat!
Ready to roll with the VA loan application process? Let’s break it down in simple steps:
- Check your eligibility: Head to the VA website. Grab that Certificate of Eligibility (COE). This document proves you are service eligible for a VA loan.
- Build your Task Force: Locate a local Real Estate Agent well versed in the local market area and VA Loans! Next, set your attention on choosing a VA Approved Lender. Ask your agent for recommendations for a few experienced local VA Lenders to contact!
- Pre-qualify like a pro: Share some basic financial details with your lender, and they’ll tell you what you can swing.
- House hunting: With a pre-qualification, your agent can assist in locating homes to tour with you!
- Time to Contract: Your agent will help you draft a competitive offer on a house!
- Apply for the loan: Got a signed purchase contract on your dream home? Time to fill out that formal loan application with your VA-approved lender!
- Hand over the docs: Your lender will want some paperwork – proof of income, job history, and a bit about your credit score. Don’t worry! Your real estate agent and lender will help you along the way!
- Seal the deal: If your loan gets final approval, you’ll sign closing papers, pay any closing costs, and voila – it’s officially your new home sweet home!
Bravo Zulu! You’re a homeowner!
If you’re ready to take the next steps towards homeownership or simply want more information, please don’t hesitate to reach out. We are here to support you every step of the way.
Thank you once again for your service, and we look forward to the opportunity to assist you in finding the perfect home.