It’s truly an honor to served veterans and active military. I once sat at a closing table of the sale of my listing where the seller, the buyer and the buyer’s agent were all veterans. Boy, you should have heard the conversations! It was a joy to see such a bond, such camaraderie.
I grew up in Germany, attending army schools. My Dad was in the army, stationed in France in the 50s, when he met my Mom. My Mom was from the Alsace region of France and had lots of extended family in that area of France near the German border. Once he finished his army term, my Dad found work as a civilian working for the army as the Merchandising Manager of the Stars and Stripes bookstores on the bases.
One thing I learned from growing up with “Army Brats” is that they move quite frequently. So, working with active military, that is a major point to keep in mind.
If you’ve ever served this country or are active now, there are some great benefits you can take advantage of. Hands down, one of the best benefits is being able to get a VA mortgage with zero down payment! If you have a service related disability, you may be exempt from paying the VA funding fee, which is a percentage of the loan amount. VA loans have more forgiving credit requirements, lower closing costs, lower interest rates and more flexible underwriting. Even part time reservists can qualify after six years and sellers can contribute up to 4% of the appraised value in concessions.
To find out what you may be eligible for, go to the VA Benefits website and apply for your COE (Certificate Of Eligibility). You’ll need a copy of your DD214 or Report of Separation, better known as your Discharge Papers. You can use the loan to purchase and improve a property, refinance, build new and you can even use it for a manufactured home and lot.
In my experience, the VA appraiser inspects the property very thoroughly! The VA has Minimum Property Requirements (MPR) that aim to provide the veteran or service member with a home that is safe, structurally sound and sanitary. Therefore, when house hunting, it’s best to look for homes in relatively good condition. Otherwise, we will negotiate with the seller to remedy any issues found at inspection.
To use a VA loan, the purpose has to be for an owner occupied investment. To learn more about a VA loans, talk to an experience mortgage professional. You can find some on my Service Providers page. If I may be of service you, to assist you in buying or selling a home, please call me at 407-236-6559 for a free, no obligation meeting to discuss your needs. If you get transferred elsewhere, keep in mind, Watson is a member of Leading Real Estate Companies of the World and I can provide a referral to an excellent agent worldwide!
Thank you for your service. It would be an honor to serve you. Please contact me any time!