VA Loans & Foreclosure - Determining Remaining Entitlement. Getting a VA loan after a foreclosure is possible Foreclosure is understandably a bitter pill to swallow for a lot of military homeowners.
But it’s important to remember that defaulting on a home loan, even a VA-backed one, doesn’t mean another VA loan is forever out of reach. The reality is it’s possible to get another VA loan after experiencing a foreclosure, a short sale or a deed-in-lieu of foreclosure. You’ll typically need to wait two years in order to pursue a new mortgage. Many people spend that time working to repair and strengthen their credit, which is something Veterans United’s Lighthouse program can help you with.
Some lenders, including Veterans United, don’t have a waiting period following a short sale, as long as it’s clear the borrower wasn’t trying to take advantage of the market. VA Appraisal - Appraisal Timelines By State. Cheat Sheet: VA Appraisal Timelines By State A required step along the path to VA loan approval, the VA appraisal takes place shortly after contract acceptance.
The appraisal helps lenders calculate a home’s reasonable market value and ensures the property measures up to the VA’s Minimum Property Requirements (MPRs). It’s a tall order for a VA appraiser. Compiling these detailed reports takes careful analysis, supporting documentation, and most importantly, time. Military and Veterans Benefits Insider's Guide. VA Loan Eligibility for National Guard and Reserve. National Guard and Reserve members and veterans have access to the incredibly powerful homebuying benefits of VA loans.
VA loan eligibility for National Guard and Reserve members and veterans received a big boost more than two decades ago. The Veterans Home Loan Program Amendments of 1992 extended VA loan benefits to those who’ve served at least six years in the National Guard or Reserves. Since then, tens of thousands of active and veteran Guard and Reserve have purchased a home using this historic no-down payment program. Some of the paperwork and documentation can vary, but the VA loan process itself isn’t any different for Guard or Reserve borrowers. They have access to the same significant homebuying benefits that have helped millions of service members purchase homes since 1944.
VA Mortgages .............. Overview. Last week I posted the first blog in this VA Loan series.
As I stated last week, in most cases I would start off by giving the highlights of the program as an introduction to the series of blogs that I plan to do, but in this case I start off by addressing the Condo Market first. My reason for doing this was because, a large number of Condo's came off the FHA Approved Condo List at the end of last month, making it more difficult for those who are looking to purchase a Condo to do so. VA like FHA has an Approved Condo List but right now it is very different than the FHA Approved Condo List, because VA is not going through the whole re-certification process like FHA is, and therefore will provide a big advantage to a Veteran looking to purchase a condo.
Having said that lets get into what I would normally have started the series with, an overview of the VA Mortgage Program. Real Estate Information for Military Members. Can You Get a VA Loan With Less Than Two Years of Steady Employment? What Lenders Want and Borrowers Need Employment and income will be two major considerations in your quest to obtain VA home financing.
Rest assured that during the VA loan experience, you’ll be treated as an individual. The VA encourages lenders to underwrite each loan on a case-by-case basis, relying on judgment, common sense and flexibility Lenders will look at how long you’ve been employed, the types of jobs you’ve held and how many periods of unemployment are in your history.
4 Biggest Benefits of VA Loans - Finance - realtor.com. Can I buy new construction with a VA loan? The answer is a resounding YES.
Resources for Agents Serving Military Homebuyers. Robins Air Force Base - Warner Robins Georgia 31088. If you are PCSing or relocating to Robins Air Force Base, this guide will help you get started on your journey.
Having been a “veteran” of 7 PCS moves, over 20 local moves, base housing, and a couple of DITYs, I fully understand the anticipation and fear that accompanies showing up at your “next duty station”. May your tour here at Robins AFB be Blessed…Welcome Home to Warner Robins Georgia! Warner Robins Georgia is home to Robins Air Force Base, the largest industrial complex in the state and one of the three largest Department of Defense repair facilities in the nation.
The base employs over 27,000 civilian workers, contractors, military members, and non-appropriated fund employees. Robins AFB was originally an Army Air Corps repair facility called Wellston Air Depot at Robins Field. Co-located on Robins Air Force is the Warner Robins – Air Logistics Center (WR-ALC), the Headquarters Air Force Reserve Command (AFRC), and the Georgia Air National Guard (Air Control Wing). You Can Convince a Seller: VA Loans Are Always Worth Considering. You Can Convince a Seller: VA Offers Are Always Worth Considering Think back on your time as an agent.
Have you ever come across a listing that accepted Conventional, FHA and USDA but didn’t mention VA? I think most agents have seen at least one. How to Choose a VA Lender. Top 5 Concerns of Relocating Homebuyers. Top 5 Concerns of Relocating Military Homebuyers We recently asked our social media followers what they found most challenging about relocating.
Here are five of the issues we saw repeated again and again. I’ve put them together with some tips on how you, their real estate agent, can best serve the needs of your relocating homebuyers. Robins AFB: Lodging. <a href=" our poll</a> Increased from last year161 votes - 32.99%Decreased from last year258 votes - 52.87%Stayed the same69 votes - 14.14% Map Data Map data ©2015 Google Map After your PCS to Robins AFB you may need specific goods and services from businesses located at the post.
A Bittersweet Homecoming: Transitioning and Finding the Right Home. A Bittersweet Homecoming: Transitioning and Finding the Right Home For many service members, the thought of leaving the military is bittersweet. No longer will they be separated from loved ones, be shipped from base to base, or have to deal with ambush drills in the middle of the night. However, on the other hand, these returning soldiers will be separated from the life they have come to know and love, separated from their brothers and sisters in arms, and removed from the daily routine of a US soldier.
While some veterans may have trouble reintegrating back into civilian life, they should know there are many programs available to offer support. Non-profit organizations such as Operation Homefront, Hire Heroes USA, and the Department of Veterans Affairs’ Transition Assistance Program all offer amazing programs to reintegrate our nation’s heroes back into civilian life. However, for many of those out of the service they must make the choice between renting and buying.
Veterans Day Discounts in Warner Robins Georgia. What better way to show our appreciation for all that our soldiers, sailors, airmen, marines, and coast guard have done to preserve our freedoms than to offer them free and discounted services this Veterans Day weekend (Nov 11th-12th 2012). Below is a list of Veterans Day discounts in Warner Robins and the surrounding communities for active duty, reservists, retirees, and veterans. As always, check with the individual store/vendor to ensure the discount is available. A valid military ID, state issued ID card, membership in a veteran service organization, or DD-214 is required to receive the discount, and vendor participation is voluntary, so make sure the discount is available. In addition, many of these stores offer daily savings, you just have to ask. VA Home Loans from the Specialists at Veterans United Home Loans. Military Service 101 For Real Estate Agents. Military Service 101 For Real Estate Agents When working with military buyers, you have to understand a few things about their military service.
In addition to understanding the basics of the VA loan, you’ve got to understand how different stages of service can influence their home search and loan qualification. For many service members, military service is their first experience with a “real” job. Some enter straight out of high school, while others attend college first. Relocating to Robins Air Force Base and Warner Robins, GA. If you are planning on relocating to Robins Air Force Base, then you might be looking into the advantages of the VA Loan Program. You will also need to find a reputable real estate professional in the area who can help you to find the home of your dreams. Qualifying for a VA Home Loan. What is a VA Loan Certificate of Eligibility. VA Loan Limits and the VA Loan Guaranty. What Income Counts for a VA Loan.
VA Loan Preapproval Process. The VA Loan Preapproval Process can be easily achieved in five easy steps, making it significantly easier for veterans of our armed services to acquire a home for a very affordable cost. In 2013, the Veterans Administration even raised the maximum mortgage limits in several major real estate markets around the country. What are the VA Appraisal Guidelines. In order to qualify for a VA Loan, one of the prerequisites is to have your potential property thoroughly inspected by a VA certified professional in order to ensure that the home falls under the strict protocol of the VA Appraisal Guidelines. These appraisers will be inspecting the home systematically and methodically, both interior and exterior, performing a comparative analysis of the neighboring properties. What Property Types are Eligible for VA Loans?
Veterans of the United States military often wonder if there are any limitations on the VA Loan Qualified Property Types covered in this mortgage assistance program.