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You are to be commended for defending our freedom. There are many terrific lenders who have experience with VA lending. Start with your bank and then you may want to try your favorite realtor
28 years ago I had a VA loan the person that assumed the loan defaulted. Husband is disabled veteran and has his own VA eligiblity. Can we use that? Thank you
Hi Ryan, I too Thank You for your service to our Great country. Most any mortgage loan officer will be able to help you. The verifications you will need, will be your most recent LES and 2011 & 2010 W2's, and 2 months' bank statements. They should be able to get your certificate of eligibility for you, online (only takes a few minutes). The biggest difference and advantage of VA vs Conventional mortgages, is there is no down payment required and there is no monthly private mortgage insurance. Since you have not used your VA before, there is only a 2.15% of the loan amount, VA funding fee, which can be financed in your mortgage. The best of luck to you. Thank you again for all you do for all of US.
You have some great answers here. The best thinking to do is connect with a good loan officer and have them run the numbers. Right now in the Virginia Beach area, our VA buyers are getting around 3.75% interest rates and with no money down, it is the best loan on the market right now, so you should be in good shape. Good luck to you and shop around for the best loan deal. Thanks for your Service and the question.
Ryan, first I want to say thank you for your service. A VA loan has an easy qualification process that can be tailored in a prompt and precise manner to fit your home buying needs. The documentation you will need will consist of your DD214, last 2 years tax returns and W2s, your most recent bank statement, certificate of eligibility, and most recent paystubs covering the last 30 days. The certificate is accessable in minutes. Then you will want to find a local agent to help you find a home that fits you. I wish you the best and let me know how we can assist you further with the qualification process or any additional questions you may have.
Two ways to get information. I wd suggest going on line to the Veterans Adminstration and asking for detailed information. They shd be able to answer all your questions. Second, contact a Realtor ask who they use to process VA loans and then contact that person. I personally wd get my info from the Veteran's Adminstration first and then go to a qualified lender to get pre approved. Good luck!!
Ryan, all you need is to locate your DD214 and get with a VA lender. You will qualify for a zero down loan so all you need to find out is how much can you afford based upon your income and credit. Any quality lender will be able to help you. Being a veteran myself I can tell you this is a great way to get a home. Congratulations.
First, let me start by saying thank you for your service! I appreciate all that you and your fellow soldiers do for me and my family. The VA process is not unlike other real estate buying transactions. The uniqueness is in the financing terms. The first thing you will need is your eligibility certificate. Once you have that, you need to get with a trusted lender. After getting prequalified, an experienced Realtor can navigate you through buying a home. Now is a GREAT time to buy -- great interest rates and lots of homes to choose from at every price point.
Its great for a veteran. You can do zero down so you don't need any money hardly at all. You do need acceptable credit and income to support the house you want to buy. And they allow about 41% of your total income to go towards your house payment and recurring obligations. The Brighton area has some great buys in all price ranges. Contact me for more information.
Reach out to USAA or a local lender and they will walk you through the whole process. Pretty easy and a great way to buy your first home!