Are you A Veteran with a VA Loan Benefit?
Are you low on cash but want to own a home for yourself or your family?
As you are looking at homes in Woodbridge, Virginia it is important to know not every home will have enough equity to allow for the seller to pay all the closing costs for a VA loan.
Our market went through a major adjustment and while sellers are able to sell their homes many are not taking a huge amount of equity out. So asking for 3 to 4% in closing costs may not be possible.
So what is a buyer to do if they want to maximize their VA benefit with Zero down and Zero closing costs?
This is where a savvy REALTOR and a great loan officer can work together to help you through the process. Before you go out and fall in love with a house make sure you understand your needs, make sure your agent understands your goals, and be prepared to move on if you have found a home at the top of you qualifying amount and the seller cannot or will not pay your closing costs.
I recommend buyers stay under their maximum qualifying 
amount so they leave wiggle room for the multiple offer or the rejection of closing cost assistance. This way we can assure we can make a successful bid that will meet your ultimate needs and get you the home you love. Multiple offers are happening in all price points right now!
You can buy a home with No Money Down Up to $625,500 using your VA Benefit if you qualify. You can buy over that amount with a minimal down payment still using your VA Loan.
This week I helped a couple who were using their VA loan to buy a home. They were well qualified but cash poor. We asked the seller for $12,000 in closing costs on a $420,000 home. The seller countered back saying they could pay $6,000. The buyers did not have the additional money for closing costs and thought that was the end of the offer. If they were working with someone who did not understand VA loans that may have been the case! The sale would have fallen apart.
But A quick explanation of how they could get their dream home by simply adjusting their interest rate. By adjusting the rate up, it would allow them to get a credit from their lender and the home and community they wanted. Once they understood their payment would adjust less than $30.00 a month and save them from starting all over again or asking family for $6,000 they were so relieved!
The sale was ratified a few hours later and we are now moving forward to a closing.
They Closed on their Dream Home and they got their contract deposit back except for $97.00! So they purchased their dream home for $97.00 and got to pocket their rental deposit! They were so happy.
The were successful because they remained Open to coaching.
Rates change daily on any given day this may not have been possible. That is why you need a strong Buyer Agent who understands VA Loans as your loan officer may not always be available and able to answer these questions and as your agent I want to know the options to prepare you for success!
If you or someone you know is looking for new place to call home I would be honored to help you also. It costs you nothing to have a seasoned REALTOR working on your behalf and it just might help you secure your Dream Home. There is no cost to you my services are FREE to you the seller always pays my fee. You have nothing to lose and everything to gain by picking up the phone!
I have wonderful references who would be happy to endorse me if you have questions or concerns.
I would be honored to help you find a new place to call home here in Northern Virginia.
Call Patty at 703-801-9367 or Click Here Now
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