Va Home Loans In Colorado Springs

Reblogger Guy Thomas
Mortgage and Lending with WR Starkey Mortgage

VA HOME LOANS IN COLORADO SPRINGS are one of the primary reasons that so many active duty and retired military personnel have had the opportunity to own that special place they call home. The VA HOME LOANS have provided the perfect "nothing down" alternative in the financing world that made it possible for them to enjoy their own piece of Real Estate.

va home buyer

The VA HOME LOANS are characterized by their lower closing costs, easier qualifying criteria, and fixed rate assumable Notes. To further protect the VA buyer, the Veterans Administration assigns an appraiser from their select board to verify the value and the safety of each home for its soon to be new occupants.

Other factors to consider when purchasing a home are the home warranties and the ease of resale. Your professional Realtor can help you with your home warranty and your mortgage lender can assist you in qualifying for your VA HOME LOAN. With all the benefits of a VA HOME LOAN, combined with the low rates and affordable home prices, plan now to find the perfect home for your family

            For further information and qualifying look here

                         www.dreamloans4dreamhomes.com

 

 

Original content by Cherise Selley

In today’s Colorado Springs Real Estate market, oftentimes buyers not only want the best value for the dollar when purchasing property, but they also want some type of guarantee about the quality of their Colorado Springs Real Estate purchase.

 

From start to finish our group of Colorado Springs Realtors impeccably follows the transaction closely until closing.  And right before the papers are finally signed, of course, the final walk-through occurs for purposes of the last inspection for the buyer.  Usually the repairs are either completed or the contract shows financial considerations for work to be performed later.

 

Our company of Colorado Springs Realtors likes to take the opportunity at the final walk-through to insure repeat business with our clientele.  Perhaps we’ll pay for additional housecleaning, carpet cleaning and such.  But nothing is as important as making sure the client considers a home warranty.

 

The home warranty takes care of the unseen possibilities of the home which might not have been found prior to a competent inspection.  In essence, this gives peace of mind to your client and validates the thoroughness of detail to the entirety of the contract by the Colorado Springs Realtor.

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va home loan
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Rainmaker
2,520,796
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

I wish we could find a way to give even more, they deserve it and then some.

Dec 08, 2009 01:07 PM #1
Rainmaker
440,629
David Zablatsky
Avant Realty Group - Needham, MA
Real Estate - Needham, MA

Guy,

 

Thank you for your posting, much appreciated.

 

-David

Dec 08, 2009 02:09 PM #2
Rainer
321,367
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

That's something I don't understand. I have many friends in the military, many of them overseas. I know what their salaries are. Why no-down loans for them?

Isn't it the no-down and no-doc loans that got us into this real estate and economic mess?

There's an area here in Chula Vista that used to be about 60% military. Now it's 60% foreclosures and short sales.

Just because they have served, or or serving, our country doesn't mean they are exempt from monetary problems.

Have we not learned anything?

Happy end of year!

Dec 10, 2009 02:10 AM #3
Rainer
66,412
Guy Thomas
WR Starkey Mortgage - Colorado Springs, CO

Thanks fo the comment, Russel. You brought a number of good points. Actually, since the 1944 Law that put the VA program in place, we would probably find that the VA loan has performed very well. One of the reasons for that is that the military pay is consistent and most personnel try to keep a clean nose, so to speak, to keep anything from hurting their promotions. You mentioned Chula Vista and its problems. I am assuming that this was a heavy VA area. I don't know what happened ther, but if there was a base closure or cutback it could be disastrous when troops relocated and had noone to sell to. Of course, this would also be the case if everybody had put 20% down on a conventional loan and the town dried up for some reason, like a major employer moving out, you would be left with lower values and no one to sell to.

You mentioned the stated income and no doc loans that we are paying a price for today. It wasn't the 0% down that got us into trouble as much as the phony incomes used, etc which put a lot of folks who really didn't qualify for the home they purchased. The liberal qualifying ratios, used on top of the inflated incomes really put people at risk and is what started the foreclosure cascade.

Now, as to the validity of giving the veteran the preferential treatment of a nothing down loan goes, I guessd it could be argued either way. I know that the VA program has undergone numerous changes since it's inception. Of course, after the big war, its purpose was to help veterans who had not stayed home, and developed a credit history, to be able to buy a home and start a family. The terms were more restrictive then, but it did fuel a housing boom during what would have been a post war recession.

Now to what I think really caused the situation we are in today. the funky loans over the past 5 to 7 years were allowed to happen through misguided federal legislation that allowed the banks and investment houses to participate in the mortgage market. (repeal of Glass-Steagal Act). Once they saw the profit to be made securitizing these loans, selling derivatives and credit swaps etc this market got absolutely crazy. I saw the qualifying criteria deteriorate by the 2002-2007 period to where the saying, "if you are breathing you can get a loan", and in some cases you didn't even have to do that much, become the rule of the day. At that point it was pretty obvious that a housing bubble was developing. And here we are today. I will stop with this now as I could go on longer than either of us need, but would enjoy hearing your thoughts.

 

 

 

Dec 10, 2009 10:10 AM #4
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Rainer
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Guy Thomas

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