Home Shopping Future Military Homeowners

  • Don't Make An Offer Without Asking These 5 Questions

    Don’t Make An Offer Without Asking These 5 Questions

    House hunting can bring out the indecisiveness in all of us. You love a home, but it’s a tad expensive. The location is perfect, but you’re not sure about the pink carpet. So how do you know if you’re ready to make an offer? Ask yourself these five questions to tamper down the uncertainty on your house hunt. Does the Home Fit in my Budget? It’s very easy to become “house poor.” “House poor” …

  • 5 Key Reasons to Have a Home Inspection Before You Buy

    5 Key Reasons to Have a Home Inspection Before You Buy

    It’s easy to get swept up in the excitement of buying a new home and forget to make the important decision to have a home inspection conducted soon after you are under contract. Home inspections are an instrumental part of the homebuying process that can save you a lot of time and money in the long run. Remember that a VA home appraisal and a home inspection are not the same thing. Appraisals will not provide…

  • 5 Must Know Facts When Using Your VA Loan on New Construction

    5 Must Know Facts When Using Your VA Loan on New Construction

    When you are ready to purchase a home, you have a plethora of options. From condos to single family residences and from older properties to new construction. If the idea of selecting your own finishes, paint colors and flooring options is appealing, new construction is probably the way to go. Here are 5 things you need to understand if you want to use your VA loan on new construction There are lots of options when i…

  • 3 Questions to Ask a Builder When Using Your VA Loan

    3 Questions to Ask a Builder When Using Your VA Loan

    Do you want the opportunity to select a floor plan, paint colors, flooring, landscaping and countless other options and finishes for your new home, without having to do the hard labor? If so, working with a builder on a new construction home is your best bet to get the customized feel without the sweat. The great news here is that you can use your VA loan benefits on new construction. If building a custom home int…

  • Do You Know These 5 Minimum Property Requirement Pitfalls?

    Do You Know These 5 Minimum Property Requirement Pitfalls?

    The Department of Veterans Affairs established Minimum Property Requirements (MPRs) to ensure that our service members were buying homes that were safe, structurally sound, sanitary and up to code. Buyers often complain when a MPR is pointed out during an appraisal, but if complaints happen to you, know that these safeguards are really there for your benefit, and for the benefit of your home. Here's an outline of …

  • Should ‘For Sale By Owner’ Scare You?

    Should ‘For Sale By Owner’ Scare You?

    You've found your dream home, but there's just one catch – it's for sale by owner (FSBO). You can usually identify these homes by their signs and listings, as they will be noticeably vacant of real estate agent information. Some are even handmade. Many homebuyers shy away from purchasing a home that's a FSBO property for a number of reasons: advice of their real estate agent, advice of a friend or lack of familiarity with the transaction process. FSBO homes may offer a deal you can't res…

  • Using Your VA Loan Benefit To Buy a Condo

    Using Your VA Loan Benefit To Buy a Condo

    Many service members and veterans are looking to take advantage of their VA loan benefit but aren’t quite ready to take the leap into homeownership. A condo may have amenities and benefits that better fit your lifestyle. The VA offers the same guaranty on condominium purchases as they do for traditional home loans. Veterans are offered a less vigorous application process and lenient credit requirements helping …

  • 5 Common Reasons Homes Fail The VA Loan Appraisal

    5 Common Reasons Homes Fail The VA Loan Appraisal

    While the VA loan process consists of multiple steps, the appraisal process can prove the most frustrating for some service members. The VA utilizes a set of Minimum Property Requirements that must be addressed before a loan can receive the agency’s guarantee. Those MPRs cover a range of important things and are in place to ensure the safety and health of military home buyers. The VA wants homes to be “move…

  • 7 Tips for Crafting a Captivating Home Buyer’s Letter

    7 Tips for Crafting a Captivating Home Buyer’s Letter

    In a competitive buying market like we’re currently experiencing, making your offer stand out could make the difference between being a happy new homeowner and a buyer still in the market for a home. Unfortunately, sellers aren’t just going to hand over the keys to their home. So how can you set yourself apart from the competition? One answer: A letter. More and more homebuyers are writing personal letters to sellers to make their offer stand out. This letter is a chance for you to shine …

  • Should You Save Your VA Eligibility and Go FHA?

    Should You Save Your VA Eligibility and Go FHA?

    The past few years FHA loans have been enormously popular. This is largely a byproduct of the fact that FHA financing is a known quantity; these loans have been used by more than 41 million borrowers since the 1930s compared to 22 million borrowers with VA loans since the 1940s. No less important, FHA is especially geared toward first-time and low- to middle- income borrowers. Like VA loans, an FHA mortgage allows…