Veterans United Realty Blog
Get the inside scoop on VAloans and military borrowers.
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It ranks with nanotechnology, nuclear physics and bioengineering as one of the world’s most complex sciences. Yep, it’s credit.
Credit determines much of a consumer’s financial possibilities, but can be difficult to keep in check. That’s where an experienced (and reputable) credit consultant can be a godsend.
Of particular interest to our military-friendly real estate agents is the credit consulting provided by Veterans United Home Loans. Military buyers in any stage of credit confusion are eligible for free credit services through Veterans United and its Department of Secondary Approval (DSA). DSA reps help keep service members on the track to homeownership with a focus on credit repair.
Wondering if your military buyer needs a credit tune-up? Watch for these four signs your buyer might need personalized credit help.
Three little “S” words: They can make or break a VA appraisal.
If you’re familiar with the three “S’s” of the VA appraisal, you’re on track for a successful VA purchase. The VA appraisal ensures each home purchased with a VA loan is:
VA appraisers conduct a thorough review of each home to be financed with a VA loan. Homes that don’t meet the criteria of “safe, structurally sound and sanitary” must be repaired before a VA loan can move through escrow.
How does a VA appraiser make those determinations? Read on.
The results of a recent survey of 2,430 real estate professionals on ActiveRain, a real estate social network, found overwhelming optimism that the U.S. housing market will improve in 2013. Survey respondents expressed confidence that every aspect of the U.S. real estate market – from home prices to new construction starts – will increase in the upcoming year. Real estate agents across most of the country believe their local markets will see improvements, even in states still plagued by foreclosures.
The RealEstate.com team created the following infographic based on the results of the ActiveRain survey. A breakdown of the infographic data can be found below.
It’s an extremely common question across Veterans United Network:
“How long will it take to buy a home with a VA loan?”
And it’s a tough one to answer. Buying a home is a multi-step process, and hiccups can occur at any stage of that process. But with good preparation and the right approach, VA buyers can better predict when those precious keys will finally be in hand.
Let’s review five key factors that could affect the timeline of a VA loan purchase.
CREDIT.
Encompassing FICO scores, income, debt and employment, credit plays a huge role in the VA loan process. Fortunately for veterans and active-duty service members, VA loans feature relaxed credit requirements when compared to conventional loan programs.
Wondering what lenders will expect from a VA loan applicant? Take a look at these four questions that will definitely pop up during the credit evaluation.
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