Buying a home as a veteran in the United States comes with several benefits and programs designed to make homeownership more accessible.
If you served in the Army, Marine Corps, Navy, Air Force, Coastal Guard, Space Force, National Guard – make sure to utilize VA loan benefits – No Down Payment aka 100% FINANCING and no PMI (private Mortgage Insurance) loans. Be sure to take full advantage of these benefits.
Here are some key steps and considerations for veterans looking to buy a home:
We will connect you with the VA-approved lender: While VA loans are guaranteed by the VA, they are issued by private lenders such as banks and mortgage companies. It’s essential to work with a lender who is approved by the VA and has experience with VA loans. It’s a good idea to get pre-qualified or pre-approved for a VA loan before house hunting.
Determine your budget: Before you start house hunting, establish a budget based on your financial situation. Consider your income, monthly expenses, and how much you can
comfortably afford as a monthly mortgage payment.
House hunting: Once you know your budget and are pre-qualified or pre-approved, you can start looking for homes that fit your criteria. Consider factors like location, size, and features that are important to you and your family.
Make an offer and negotiate: When we find a home you like, we will discuss the property value and help you make an offer on the home of your choice and assist in negotiating price and terms.
Home inspection: After your offer is accepted, we will help you schedule a home inspection, radon test, etc, to ensure there are no hidden issues with the property.
Finalize your loan: Once the inspection is satisfactory, you will work with your lender to complete the loan application process, provide necessary documentation, and secure your financing.
Closing: We will accompany you for the final walk through of the home, after which you will attend the closing where you will sign the necessary paperwork and officially become the owner of the home.
We welcomed many veterans into their homes over the years! One of our biggest achievements in helping Veterans securing homeownership is the ability to plan out their purchase and negotiate a seller credit big enough to cover all closing costs. Our veteran clients buy homes with ZERO out of pocket!
It’s important to work with professionals who are familiar with VA loans, including real estate agents and lenders, to navigate the process successfully. VA loans can be an excellent option for veterans, as they offer competitive terms and make homeownership more attainable.
