Friday, April 27, 2018

Buying a Home with the VA Loan

          Buying a Home is a process, it could be short or long. Key things to remember is that every home is not the same. Below is the simple version of the process but keep in mind there are some hiccups along the way but remember your working with a professional, I will make it a smooth sailing to home ownership.

 First step find a Realtor
    So that means "Call Me".
Byron Charles  ph: 240-308-4663

Get approved for a "Mortgage"
     The VA loan has some requirements, as long as you qualify it is one of the best loans out there.
Requirements: You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy.

Let the search begin
House Hunting time.

 Make an Offer
Thats right,cross your X's and O's, hopefully your offer will be accepted.

VA Appraisal
This is ordered from your Lender, an approved Appraiser from the VA Department is assigned to appraise the property. What does that mean? the VA is ensuring the property is worth the amount you are trying to buy the property for.

 Home Inspection
As beautiful as you future home may look, it's wise to and mandatory on some loans to have an inspection done. Trust me its worth it.

Termite Inspection
Through the VA Loan the Seller is mandated to perform a termite inspection.
Hopefully no wood eating critters are found.

Close, Close, Close
Be prepared to sign a lot of paperwork, but its all worth it, your signing the Deed to your Home.

 Congratulation your a Home Owner
Don't forget to invite me to the house warming. :)

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