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VA Funding fees are down

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Real Estate Agent with ALLEN REALTORS

The area where I work is adjacent to joint base Lewis-McChord.  Not surprisingly, we see a lot of buyers using the VA loans here.  There are lots of active duty service-people here, and many retired soldiers as well.  It's a great place to be.  We have daily opportunities to thanks our folks in uniform for their service--- and if you see someone in uniform in the mall or at the grocery store, I encourage you to take that step.  Say thank you.

 

The good news for soldiers and vets who are thinking about home-ownership is that rates and fees are great right now.  The VA funding fee has just been reduced, and I have seen local rate sheets with VA rates as low as 3.8%.  These rates, combined with the competetive home pricing we are seeing makes is a great time for military buyers.   Great houses, great prices, great rates.  It's a win-win-win.

 

http://www.valoans.com/monthlynewsletter.cfm

Comments(5)

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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

3.8 percent is a great rate for our guys.  It should be even better for them.  Our vets have paid a price for our freedom.

Nov 04, 2011 07:30 PM
Emilie Greenwell
ALLEN REALTORS - Lakewood, WA

I totally agree!  Our vets deserve their benefits and so much more!  They are so underappreciated.  And their families too.  In this highly military area, I see the sacrifies the spouses and children make.... all so that their husbands/fathers can keep our families all free.

Nov 04, 2011 07:34 PM
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Emilie -- as a lender in the same area - we love to get our veterans and active duty military into good loans and as you point out -- now is an outstanding opportunity for them.

Nov 04, 2011 07:56 PM
Doug Bullwinkel
E Mortgage Capital, Inc. NMLS 1416824 - Roseville, CA
Mortgage Loan Officer NMLS #281609

VA loans are a great program to help veterans get into a home with little or no cash, depending on if the seller is motivated to help with their closing costs.  I've been contacted by several active military personnel while on deployment in Iraq or Afghanistan that found my website, applied on line and got loan approval.  Their wives or families found them a home and we closed escrow within days of their return home.  VA loans are some of the easiest loans to qualify for. VALender.com

Nov 04, 2011 08:51 PM
Emilie Greenwell
ALLEN REALTORS - Lakewood, WA

Steven, Doug, it's nice to hear from the lenders that are helping our troops acheive homeownership.  Thanks for what you do for them.

Nov 05, 2011 06:03 AM