Million Dollar Homes and Veteran Home Loans

By
Mortgage and Lending with Fairway Independent Mortgage NMLS #196099
https://activerain.com/droplet/4JrZ

I am sure when you think of Million Dollar Homes a veteran home loan does not come to mind...

It certaintly didn't for a couple looking to secure a property in Fairfax, Virgina where million dollar homes are common. Their credit union didn't think of a va home loan as a feasible option either.

Luckily their real estate agent asked them to meet with me and go over the fact they could actually make a savvy financial move and utilize their veteran home loan benefits to buy their dream home.

Million dollar home in fairfax

Although the maximum county limit for no money down VA loans is $625,500 in the Washignton DC metro area, using the VA Loan Guaranty saved the veterans tens of thousands dollars versus using a conventional jumbo loan which will typically requires at least twenty percent down payment which is $200,000 or more for a million dollar property.

By maximizing the VA Loan Guaranty the borrowers down payment was far less.

Looking to buy a Million Dollar Home in the Norther Virginia Area, if you are a veteran let's talk about structuring a sweet deal for you. No matter what the credit union says it can be done using your Veteran Home Loan Benefits. Schedule a time to chat at www.meetme.so/MarkitaWoods or send an email at mwoods@hancockmtg.com . It's tuly my pleasure to serve you.

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Topic:
Home Buying
Location:
Virginia Fairfax County
Groups:
Military Relocations
VIRGINIA

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Rainmaker
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Markita Woods NMLS#196099

Queen of Mortgages - FHA, VA, Conventional, USDA
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