Are you or your spouse a Military Veteran looking for a home? A Military Relocation Professional can help you!

Are you or your spouse a Military Veteran looking for a home? A Military Relocation Professional can help you!

VA Financing:

If you or your spouse are a Military Veteran and you are looking to purchase a home, a Military Relocation Professional (MRP) can help you. Are you tired of paying rent and contributing to another person’s home equity? Talk to an MRP. Home ownership is within your reach, thanks to the Department of Veterans Affairs’ housing benefit, known as VA financing. Consequently, with VA financing you can obtain a mortgage loan and purchase a home with NO money down. It’s time to live the so-called American dream.

A REALTOR® with an MRP certification and/or a Military and Veterans Housing Certification (MVHC) can best assist you with the various steps to obtain VA financing. Dawson’s Way Realty Services LLC has an experienced REALTOR® with both the MRP certification and MVHC ready to help you find your ideal home and get you to the closing table with as little stress as possible.

Eligibility:

The very first step is to determine your eligibility if you are a military veteran, retiree or active duty service member. Your MRP can provide a list of lenders with VA financing experience who can obtain your Certificate of Eligibility (COE). The COE will detail your entitlement; that’s the amount the VA will guarantee on your loan. Next, with your COE in hand, the lender will pre-approve you to determine how much house you can afford. With VA financing, lenders may accept lower FICO score requirements and the debt-to-income ratio is less stringent. Although you are purchasing your home with NO down payment, you will still need some funds for certain upfront fees and closing costs.

VA Home Mortgage Loan:

The most exciting step is when your MRP/REALTOR® previews homes with you until you find the one that best fits your requirements. When your offer is presented and accepted by the seller, the sales transaction begins. Your REALTOR® will deliver the sales contract to the closing agent and to your lender. Subsequently, the lender will have you complete a loan application package for submittal to the VA Regional Office for review. The VA requires minimum property standards, meaning the home must be safe, structurally sound and secure. A VA Appraiser will visit the property to substantiate the value of the home.

After all contingencies have been fully satisfied, your VA home mortgage loan will be cleared to close by the lender. Your final step will be a seat at the closing table, eager to receive the keys to your new home.

Contact Dawson’s Way Realty Services LLC to talk to our Military Relocation Professional. Dawson’s Way helps you home!

For more VA information, visit the Department of Veterans Affairs