Admin

Five Things You Might Not Know about VA Loans

By
Real Estate Agent with Coldwell Banker United, Realtors - Subsidiary of NRT LLC #0473270

The majority of homes in the Fort Hood real estate market are financed with VA loans.  Our buyers always have great questions when starting their loan process because there is a lot of misinformation floating around about VA loans.

Here are some VA loan facts you might have been wondering about, too:

 

VA Loans for Soldiers at Ft Hood1. Active duty personnel can use their VA loan benefit as soon as they have 181 days of continuous service.

2.  You can have more than one VA loan at a time!

3.  You don't need your Certificate of Eligibility in hand to start looking for a home.

4.  VA loans are available up to $417,000 in Texas.

5.  You can use your VA loan benefit over and over during your lifetime.

 

And a BONUS fact:

The VA loan benefit allows you to purchase with no money down, and the seller is allowed to pay all your closing costs, too!

 

 

Over 60% of homes sold in the Killeen Fort Hood market are financed with VA loans.  With 14 years of experience in a military market, we've got the answers to your questions about buying a home with a VA Loan.



Comments(5)

Show All Comments Sort:
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Mary Ann, all great points and some of which are not well known.  I know that the 100% VA financing is a big plus and it certainly helped me buy my first home.

Aug 29, 2013 04:25 AM
Mary Ann Daniell Realtor
Coldwell Banker United, Realtors - Subsidiary of NRT LLC - Killeen, TX
Delivering Successful Results Since 1999

Thank you, Nick.  The little questions become big hangups sometimes, and we always try to help buyers get a better understanding of the process!  

Aug 29, 2013 04:34 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Excellent information to get out to your clients and other Realtors!

Aug 29, 2013 09:56 PM
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Good info Mary Ann, thanks for sharing.  I did not know you could have more than one Va loan.

Aug 29, 2013 10:25 PM
Mary Ann Daniell Realtor
Coldwell Banker United, Realtors - Subsidiary of NRT LLC - Killeen, TX
Delivering Successful Results Since 1999

Thanks for your comments!  I learn new things every day about VA loans.. today we had a discussion about termite treatments.  VA does not allow the buyer to pay for the termite inspection, BUT the buyer may pay for any required repairs and treatments associated with damage or infestation found in the inspection. 

Sep 12, 2013 05:44 AM