Mom at WarHats off and deep appreciation for all those who serve in the military and we do exceptional things for them in real estate for them for that reason including

A Financing Break For The Mom At War And All That Serve

It is called the VA loan. The highlights:

Veterans' Administration is basically an insurance company which guarantees the payments to the lenders which can stretch the guidelines and offer competitive terms

No money down for someone in good standing and a loan in most cases to $417,000

The closing costs are negotiated in the sales price and the seller pays for them which can lower the cash to get into a home

Lenders as stated because of the guarantee of repayment are liberal with dings in the credit

Income qualifying is based on Residual Income looking at ALL expenses, not just housing, and is an easier qualification than strictly income ratios

The funding fee to set up a fund to reimburse lenders in case of default is typically added to the loan instead of paying thousands of dollars up front, again saving a major cash outlay

When it comes to refinancing at better rates in the future it is much easier without all the verifications of credit, income, appraisals, and assets of other loans, and closing costs can be added to the loan.

For the fine details of the VA mortgage loan programs talk to a mortgage expert and it should be a busy area in the real estate market as three million veterans will be returning in the next couple of years. Also deployed Moms and all veterans can work with agents while still deployed with email and contact to prepare for their purchases.

 
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3 Comments on A Financing Break For The Mom At War And All That Serve

APR
20
2012
586,763 Points 46 Featured Posts Outside Blog Called Shot Master

A Financing Break For The Mom At War And All That Serve 

Hi Gary -  You're right we should be doing all we can to help all our Vets that sacrifices so very much for our country and the awesome freedoms we have!  Good for you in getting the word out there my friend. 

Have a great weekend. 

John
10:15am • #1
226,661 Points 4 Featured Posts Outside Blog Called Shot Master

Gary - this is a wonderful loan program that helps those who have served our country. There are so many deserving men and women who have sacrificed and put their lives on hold to preserve the freedom that we all enjoy. It is time that we give something back to these brave servicemen.
1:08pm • #2
590,122 Points 56 Featured Posts Outside Blog Called Shot Master

Hi Gary, Kudos to you for Shouting out the Loan Program for our deserving Vets. I like this so much that I plan to re-blog later. The VA is still a good loan for our military who are looking to get their "Dream Home".
3:22pm • #3


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Gary Woltal - Assoc. Broker REALTOR® SFR Dallas Ft. Worth

Flower Mound, TX

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Keller Williams Realty

Address: 2611 Cross Timbers Rd, Suite 100, Flower Mound, TX, 75028

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