VA loans and the value they can have in a market.

By
Mortgage and Lending with Edward Moloney Loan Officer GMH Mortgage Services

All markets have veterans. The issue is that many markets forget about the value of the VA loan. The reasons that it is overlooked is simple.

1. Many markets do not have large military bases so agents and sellers do not have much if any knowledge about the loan and potential buyers.

2. Many sellers fear the 100% financing.

3. The lack of education available to the veteran if they qualify for the benefit or not.

We are seeing affordability change in many markets. This impacts the first time buyers as well as the upgrade buyers. The VA loan allows for great affordability options for home ownership for the veteran. Now the key is to find ways to get that information to the Veterans in your area. I am not saying the VA loans are easy because they are not. As they have their own sets of unique guidlines to work through. But the loan does provide great access to home ownership.

If you have any questions on this loan or any other loan type please do not hesitate calling me.

Edward Moloney

GMH Mortgage

NMLS 10321

774-573-0329

 

 

 

Comments (1)

Edward moloney
Edward Moloney Loan Officer GMH Mortgage Services - Holliston, MA
Loan Officer Providing 5 STAR SERVICE

This is an active time for first time buyers

Sep 17, 2014 09:56 AM