Veteran looking to buy a home here in Las Vegas. Everyone I talk to say its dirt cheap for us vets and very easy. I need and want basic information.
I am a Veteran. I live in Las Vegas. I have ok credit. No bankrupt. Not sure what else I need to provide. Look for a basic home in Summerlin area, the lakes, peccole ranch 1bed/1bath or 2/2 is ok.
(1) | asked by: jake | share | 19 months ago | Report
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Viewing Answers 1 - 8 of 8
Pretty simple really! One of your benefits for serving your country (Thank You By the Way!) is that you become eligible for a VA Loan.... You pay virtually nothing out of pocket and as a general rule, your closing costs are either paid by the seller or folded into your loan if the numbers work correctly. What you need to do is gather your last 2 years of Federal Tax Returns and contact me. I'll go with you to my favorite mortgage person that works with most of my VA Clients and we'll se what we can get you qualified for. Hope this Helps and Good Luck! Mary
Jake, Im an MRP or Military Relocation Professional, love to help anytime.
answer by Julie Roberts
My mother is looking to sell her home in Summerlin. She currently has a VA loan. She would love for someone to just assume the loan. It is two bedroom two bath and in extremely nice condition.
VA loans are a great program where you need no money down. There are closing costs but a good agent can usually negotiate all or some of that into the purchase and have those fees paid by the property seller. There are additional programs that will grant 4% down and have no closing costs as well.
Hi Jake, veterans can get loans guaranteed by VA Administration, with no down payment and no closing costs - this means no money out-of-pocket. The VA loan allows you to borrow the entire price of the home you are planning to buy (also the funding fee, currently 2.15% for first time borrower). The VA loan does not have a mortgage insurance - lower payments than traditional loans, and more of your monthly mortgage payments go towards the principal. The maximum VA loan amount is currently $417,000 in NV. The actual amount you can borrow is based on your income and debt-to-income ratio. It is easier to qualify for a VA loan than for a conventional financing. I suggest to find and work with a good, knowledgeable, real estate agent that can guide you throughout the entire home-buying, negotiate on your behalf, and can recommend lenders that offer VA loans. I hope this helps. Please feel free to contact me with any questions. I would be happy to help you, I am very familiar with Summerlin area too.
If you are looking for a great way to buy and finance a home in las vegas look into Homes for Heroes. they provide help Vets get into homes... HOMESFORHEROES and check my name STEVEN STEWART
VA loans require no money down but you will need closing costs. Your mortgage lender will need proof of income, proof of expenses (to see you can afford home) and they will run your credit report. Contact me for further information.
Good afternoon Jake, VA and FHA loans are great government programs that help new buyers get into a home with the lowest amount of money up front. In order to to apply for one of these loans you will need. 1. Mortgage Application (The loan officer will provide you with one) 2. Authorization for the lender to pull your credit info (They will have a doc for you to sign) 3. 30 day most recent paystubs 4. 30 days bank statements, all pages. 5. Most recent 3 years W2’s if applicable (2013, 2014, 2015) 6. 2014/2015 1099’s if you have them. 7. Last 2 years of personal tax returns, all pages, all schedules (business returns, all pages, if applicable) 8. Driver license and one other form of ID, front and back 9. If applicable: BK papers, child support papers, divorce decree, all pages. 10. If applicable: mortgage statement on any mortgage you currently have attached to a property owned. If you can gather all of these items and provide then to your bank or a mortgage company they will let you know how much you can qualify for and then you can begin your search. The last I checked the minimum credit score needed is 620. If your score is currently below that a good loan officer will help you with credit improvement. Hopefully this helps!
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