San Diego Home Buyer's Guide For Military Families - Are you looking for relevant information on buying or selling a home in San Diego, California? Well hopefully the following details will give you the assistance that you require.
This is a very good time for military personnel past or present and their families to buy or even sell their property in the San Diego area of California. Being part of the Air Force, Army Marines or the Navy allows you to apply for and successfully achieve a 100% loan against a property, which is subject to your annual salary, outstanding debt aond overall credit score.
How can I get a 100% home loan?
There is a VA loan benefit for all military personnel, which basically allows the relevant members past or present to acquire a 100% loan against a property without the need for any sort of downpayment (subject to approval). Once the VA cerificate is clarified by the mortgage financial lender proceedings towards home ownership can begin.
What steps do I need to take?
One of the first things you should do in order to get the wheels in motion, is to find a good real estate agent. You can research on line or get a referral from a friend. By selecting your own real estate agent up front, gives you a big advantage at navigating the process and feeling good about your purchase.
Next, gather all of your relevant financial details such as LES, bank statements, monthly expenses and get a loan preapproval at the earliest opportunity. Here's a big tip from the San Diego's Home Buyer's Guide For Military Families - It would be wise to get preapproved from a few financial institutions other than Navy Federal Credit Union, or USAA to give yourself a bit more leverage. This is a major step because you'll know if you can even qualify for a loan and how much. Also, if there are any credit issues you can work at resolving the matter.
Your real estate agent can be an excellent resource for finding a lender that wll give you personal service much more than major instituiions like USAA or Navy Federal Credit Union.
Listing alerts, showings and writing the offer
Having your own personal website that alerts you on listings that meet your criteria can be provided by a good real estate agent. Agent websites have direct access to listings directly from the local multiple iisting service (MLS) in real time. So, you'll receive alerts as new updates are provided.
Once you see listings that appeal to you, arrange appointments with your real estate agent to view the properties. Upon agreement, your agent can write and negotiate your offer. Skilled real estate agents will get you the best deal possible and be your consultant in order to get the transaction closed.
Need more information on the San Diego's home buyer's guide for military families, please contact Lorraine Santirosa at Sandiegohousingoffbase.com. Experience counts.