Military Buyers & Sellers Real Estate Blog

  • An Overview of Property Types Eligible for VA Loans

    Apartments, condos, manufactured homes, co-ops, single-family homes — modern real estate has come a long way since the days of the one-room shack. The current market offers a wide variety of homes to satisfy any buyer’s desires. But VA loan buyers will need to focus on certain types of properties to win final loan approval. Knowing how VA loans work is the first step toward getting the home of your drea…

  • How Long Does it Take to Close a VA Loan?

    How Long Does it Take to Close a VA Loan?

    It’s an extremely common question for many first-time homebuyers: "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 everyone's homebuying journey is different. But there's a lingering myth that VA loans take forever to close. And that's simply not the case. Most VA loans close in 40 to 50 days, which is standard for the mortgag…

  • The Importance of Being Earnest: All About Earnest Money Deposits

    The meaning of earnest money is in the name -- it’s a deposit of good faith on a home loan from buyer to seller. An earnest money deposit will set your offer apart from other applicants, and it's generally an accepted part of the VA loan process. Buyer Protection Breaking out the checkbook and presenting an earnest money check to the seller shows that you’re a serious contender, and it helps your offer …

  • Why VA Loans Don't Require a Down Payment

    Why VA Loans Don’t Require a Down Payment

    It’s far and away one of the most notable VA loan benefits: VA loans don't require a down payment. But it’s also a perk that arouses skepticism. “What’s the catch?” “How much is that going to cost me?” Let’s put those suspicions to rest with a thorough discussion of the VA loan program, and an explanation of some why some VA borrowers can get a VA loan with a $0 down payment. All About the VA L…

  • VA Loan Basics: What is the Certificate of Eligibility?

    Lenders are required to get proof of a veteran’s service during the VA loan process. The Certificate of Eligibility (COE) serves as that proof, and tells a lender that an applicant has officially met the minimum service requirement. There is more than one way to obtain a Certificate of Eligibility, and while it’s a short and simple document, it can stir up a lot of confusion. Let’s clear up the mayhem a…

  • How Much Can I Borrow With a VA Loan?

    Once service members start thinking about a home purchase, a common question arises: "How much can I borrow with a VA Loan?" It’s a simple question. The answer? A bit more complex. Here’s a look at five factors that will determine how much VA loan you can get: Factor #1: The VA Guaranty The VA loan program doesn't employ a loan maximum. But there's a limit above which buyers need to make a down pa…

  • How VA Appraisers Determine a Home’s Value

    Contract? Signed. Movers? Hired. Appraisal value? $20,000 low. Uh-oh. Buying a home isn’t as simple as signing a purchase contract and packing a few boxes. All parties to the transaction must be fully on board with the purchase. And a VA lender will refuse to step on-board if a property’s value falls short of the loan amount. Should the VA appraisal value fall below the desired loan amount, buyers mus…

  • The VA Appraisal and Electrical Systems: What Is Required?

    Are you wondering how your VA appraiser will feel about exposed wires, a sparking fuse box or knob-and-tube wiring? Ponder no more. Let’s talk about the electrical portion of the VA appraisal. MPRs and Electrical Systems The VA issues a list of Minimum Property Requirements (MPRs) to every VA appraiser. Appraisers must ensure that properties meet or exceed MPR standards to qualify for VA financing. …

  • 6 Factors That Can Sink Your Home Value

    House hunting? Ready to sell? It’s time to talk home value. No matter where you are on the spectrum of buying or selling, it’s important to know what will affect your home value. Several factors can singe your property value and potentially lead to a resale loss. Protect your investment and boost your resale return with a look at six items that can drag down your home value: 1. Busy streets Incessant hon…

  • 5 Tips for Selling a Home In Winter

    In most parts of the country, winter is a slower time for real estate sales. Buyers hibernate, inventory shrinks, and sales languish. Selling a home in winter can be a bit more challenging, but don't panic. With a few winter-specific selling tips in your pocket, you'll be able to put the best face on any winter listing. Tip #1: Display the year-round beauty of your listing. Landscaping typically doesn’t lo…