jacksonville nc real estate agent: What is a VA appraisal and what are closing costs?
- 02/16/09 11:11 AM
Now that I have covered what exactly a VA loan is, and what the uses and eligibility requirements are, I am going to tackle the last in my series of VA blogs. What about the appraisal and closing costs? Every loan that is guaranteed by the VA must be appraised by a VA-assigned appraiser. The appraisal is traditionally requested by your lender using the online portal of the Department of Veterans Affairs. Once their request has been submitted the VA will select an approved appraiser, at random, to perform your appraisal. A VA appraisal is only an estimate of the value … (1 comments)
jacksonville nc real estate agent: What is a VA loan?
- 01/21/09 03:46 AM
Living in Jacksonville NC, and working as close as I do to Camp Lejeune, Camp Johnson, and Marine Corp Air Station New River, it makes sense that a vast majority of my clients are military or prior military. In my experience, every military person knows that they have access to a VA loan. However, to my surprise, they are not always told exactly what a VA loan does for them or how it works. In response to this need, I have decided to do a series of blogs about VA loans, what they are, and how they work for you. The … (1 comments)
jacksonville nc real estate agent: What are the uses and eligibility requirements of a VA loan?
- 01/21/09 03:44 AM
In my last blog, I briefly discussed the history of the VA loan and how it applies to the servicemen and women that may use it. In this segment, I wanted to discuss the applications that a VA loan has and the eligibility requirements needed for a service member to get approved. A VA loan guaranty has many possible uses, among which are: To buy or build a home. To buy a residential condominium. To buy a residential cooperative housing unit (co-op). To repair, alter, or improve a home. To Refinance an existing home loan. To buy a manufactured home with or without a lot. … (0 comments)
Now that I have covered what exactly a VA loan is, and what the uses and eligibility requirements are, I am going to tackle the last in my series of VA blogs. What about the appraisal and closing costs?;)
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