Many families relocating to Patuxent Naval Air Base like the convenience of living on base while others like the opportunity to become part of a local community and school system. If you are considering purchasing a home in your next relocation be sure you start the process with a knowledgeable Realtor and Lender in the area.
You want to interview Realtors that are familiar with military relocation and you want to deal with an agent that is full-time. Given the time constraints most relocated families face "Time is of the Essence." Ask for references from the prospective Realtor to talk to other military persons about their experience with them.
If you decide to purchase and you want to use your VA benefits to secure a loan you need to know that the maximum "insured" loan amount with no down payment is $417,000 NOT including the VA funding fee. You can secure an "insured" loan of $450,000 with a 5% down payment. For more information about the VA funding fee and/or your benefits please visit http://www.va.gov/.
Make sure you do you own homework - don't rely totally on the Realtor or Lender. You want to ensure that the real estate market is positive in the area you are considering. Are the market values on the rise, decline or are they stable. Your Realtor can run reports for you to review and ask questions to get a better understanding of the market.
Please feel free to visit my website at www.kcsellshomes.com. You can contact me via email kyc@mris.com or by telephone at 240-765-1339 if you have specific questions I can assist you with. I look forward to hearing from you.
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