Home : Blogs : Rich Jacobson Your Kitsap County WA Real Estate Agent : "Singing in the Rain!" Kitsap County WA Real Estate

Adventures in VA Loan Home Buying in Kitsap County WA

va-home-loans-kitsap-county-wa One of my most favorite and popular series I've authored since jumping into the blogging fray has been "Adventures in 1st Time Home Buying!" a fun and informative collection of 10 articles created specifically to guide 1st Time Buyers through the home purchasing process.

As a veteran who proudly served on-board a submarine in the US Navy, my first two homes were purchased using VA financing. Living here in Kitsap County WA, home to the Bangor Sub Base and Puget Sound Naval Shipyard, many of my Buyer clients are Active-Duty military and choose VA loans when buying their homes. va-home-loans-in-kitsap-county-wa

Given the unique nuances and pros/cons of VA financing, I thought it would be helpful to publish a series of articles geared towards helping Active-Duty service members and veterans to better understand the VA loan process, and equip them to intelligently navigate the potential challenges they may encounter.

First, let's dispel what is typically the most common misnomer about VA loans:

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs, and may be issued by any number of qualified lenders, i.e., banks, savings & loans, credit unions, mortgage companies, etc.. However, neither the loan nor the money borrowed is provided by the VA.

military-relocations-pcs-to-kitsap-county-wa The VA Loan began in 1944 through the original Servicemen's Readjustment Act (also known as the GI Bill of Rights). The GI Bill was signed into law by President Franklin D. Roosevelt and provided Active-Duty Service Members and Veterans with a federally guaranteed home loan with no down payment. This program made the dream of home ownership a greater reality for millions of service people and veterans. The GI Bill has contributed more than any other program in history to the welfare of our uniformed personnel, veterans, and their families.

In our next installment, we'll compare the VA Home Loan with other loan products, and help to determine if VA financing is the best choice for you.

~ o ~ o ~ o ~ o ~ o ~

Rich Jacobson is a licensed real estate professional providing knowledgeable empowerment and relentless representation for his clients of residential properties and vacant land throughout all of Kitsap County WA and portions of Pierce, Mason, and Jefferson Counties. You can also find him at KitsapLife.com, SOUNDBITEBLOG, and Crabbing in the Hood, or e-mail: kitsapagent@gmail.com

Posted by Rich Jacobson Your Kitsap County WA Real Estate Agent on 09/17/2009 02:33 AM

Comments (18)

Va Home Loans in the Home Buying Channel

va home loans, va financing, pcs, military relocations, kitsap county wa real estate

Originally posted at: "Singing in the Rain!": Adventures in VA Loan Home Buying in Kitsap County WA

This post has been included in Washington Information Kitsap County, WA Information Bangor Submarine Base, WA Information
Post is included in group: Puget Sound - WA Real Estate
Post is included in group: Peninsula Real Estate
Post is included in group: Military Relocations
Post is included in group: Life on the Kitsap Peninsula WA
Post is included in group: 1st Time Buyers

18 Comments on Adventures in VA Loan Home Buying in Kitsap County WA

SEP

Rich,

I didn't know you were a fellow submariner! To think I was going to give you some grief for the picture being in Pearl Harbor and not local OP Areas.

Marty

My last sale was a veteran who spend 10 years in Navy submarine duty. His purchase in Lovettsville was a 10 acre property with a pond, a barn for the horse they planned to buy, a lovely rambler and a 3 car detached garage, all for $457,000, no money down and all closing paid.

I love the VA loan.

Rich, VA loans are great. I use to do a lot of them in Northern VA, Only one this year in WV, but hoping to do more.

I think VA loans are G R E A T and benefit those who are well deserving! BTW my brother in law was a Submariner too! Have a good week my friend!

Rich,

Hats off to you for your service to our country! And ditto for VA loans...

I look forward to your series, Rich. We don't have too many here, but this year I did two of them. One on the buying side and one on the lending side. Besides taking a long time to get the appraisal's done, and the VA appraisers being from Detroit, it is a great program and I look forward to learning more.

I knew you were in the Navy but didn't realize you were on a sub. Thanks for serving our country.

Rich-I too bought my first homes with a VA loan too. I work with a lot of VA loans here in the DC area. It is a terriic benefit for both active duty, retired and surviving spouses. A good friend of mine was a submariner!

My daughter just purchased her first home with a VA loan. Her husband just came back from Iraq and he wanted to use his VA loan to purchase. The Va loan allowed them to get their dream house with no money down and the builder picked up their closing costs. This allowed them to keep reserves to help them get started as they raise their family. How cool is that?

i was born and raised in Dover, NH. when i first started as a loan officer i was surrounded by Pease AFB, the Portsmouth Naval Shipyard, and the Marine prison.

needless to say Veterans were everywhere.

this is just a great program

and

an EARNED benefit!

Hello Rich, this is a great program and we look forward to your next installment on this topic. We too have many active and veteran service people in the Vancouver area that can take advantage of this great benefit. John

PS - my first boss was a Skipper of a Destroyer, and he loved chasing Subs and telling the Stories!

VA loans have always been a great loan product for those that serve their country! Nice job Rich.

Rich: Thank you. I appreciate the education very much. I have yet to do a VA loan but may be on the verge. We need to get my client's credit score up a bit and we'll be ready to roll. Take care.

Rich:

I have several pending buyers who will be going VA. Haven't done much with these until recently and keep learning more all the time. Looking forward to the next installment.

Jeff

VA loans are good for sure. It's been awhile since I've had a client /custumer who used one however.

Patricia

Rich - Also doing a sale tomorrow in fact with a VA. It has gone impressively smooth. Hadn't had much experience with these before and will be looking forward to your new posts on them. Thanks

I haven't had a Buyer using a VA loan in years; this month I closed on two.

I'm a Marie Mom. My son is a Marine and he just bought his first home with a VA loan.

Semper Fi

SEP

Rich,

Thank you for talking about VA loans. For those active or non-active in service, this is a great option. Please spread the word to those who qualify, since they can get in for zero down.

Regards,

Jeff

VA programs are a great financing option for our veterans. (Personal note: my husband served on a sub tender.)

Also, great articles for first time home buyers! Knowledgable buyers will prevent a lot of fraud and abuse. Just don't sign the closing papers!!! In my book "Gettng To Closing" (www.CherylLPeck.com), I give readers information on the application and closing process that I gave my clients during my ten years as a mortgage broker. If we educate the consumer on what to expect and what rights they have, it will be harder for unethical brokers and loan officers to take advantage of their clients.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?