Not long ago, VA Home Purchase is one of the most preferred choice for most veterans and active military service members due to its incredible advantages given to our patriots. Buying a home making use of your VA loan is simple and as easy as 1, 2, 3 making homeownership easier for you and your family.
Buy A Home With Zero Down Payment
This is an exclusive benefit simply for veterans and military service members. This VA home purchase advantage allows a veteran or active military service member to buy a home with no up front costs involve making room for personal expenses for future home repair. VA loan is definitely the only loan program that promises this kind of benefit.
Save Hundreds of Dollars Each Month
Interest rates usually are lower than most standard conventional loans. Another excellent advantage is the fact that there is absolutely no PMI involved which happens to be an additional monthly expense in most conventional loan and once added up can amount to bigger monthly savings on your part as a future home buyer.
Buying the perfect home can be a very rewarding experience for first time home buyers just before buying that dream house of yours let us discuss a few aspects to consider before closing the deal with your agent.
1. Shop together
It is essential to talk about your needs together with your partner when looking for a home. Try to go on home tours and constantly look into new listings available in the market.
2. Put your finances in order
Before thinking about buying that dream home of yours be aware that that a VA loan borrower is invariably under credit scrutiny by VA lenders. Credit scoring for VA loan borrowers should measure up to 620 minimum. Your monthly income and employment will always be reviewed by a VA lender.
3. Don?t overspend
Be aware that buying a home way beyond your means essentially implies financial suicide. Do not ever invest in a home that is more than 2 1/2 times your annual salary.
4. Consider your neighborhood
Try to look for homes that are within your budget but pick a home with the right kind of neighborhood for your family. Pedestrian-friendly sidewalks, low crime rate, park for the little ones, community center, and convenient transportation are some of the facts to consider before you make the prospected home as ?the? one.
5. Remember, have fun
Do not rush yourself into buying a new home right away. You will always know when a perfect home for your family comes along. Always wait for the best offer from the agents. In the meantime, enjoy house hunting while it lasts.
This is the perfect time to purchase that dream home you have always wanted. With rock bottom VA Rates in the market today you will have a bigger chance of owning a home. But most of all enjoy your journey to future home ownership.
Find out how easy it is to obtain a veterans loan. Ask one of our VA lenders today. For more info visit us at www.va-loan.org
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Source: http://www.themoneyfinances.com/2012/03/24/va-home-purchase-homeownership-made-easy-for-you/
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