Lake Ridge Virginia Real Estate News: This Weeks Caller Asked: "I Know I Can Buy a Home Using My VA Loan. Is It True I Don't Have To Put Any Money Down?"

This Weeks Caller Asked: "I Know I Can Buy a Home Using My VA Loan. Is It True I Don't Have To Put Any Money Down?"

This week's caller asked :"I Know I Can Buy a Home Using My VA Loan. Is It True I Don't Have To Put Any Money Down?"

We get this question a lot. The answer is yes!

Best of all since  Prince William County Virginia is located near Quantico, Fort Belvoir and within an hour of the Pentagon, the Navy Yard and Ft. Meyers real estate agents typically prepare sellers to expect this type of offer.

Now let me share some even better news with you. In the current market conditions, our real estate team has been able to help many VA Home Buyers get most if not all of their closing costs paid. ( that will all depend on the motivation of the seller, however we always go to bat for our buyers. Remember we work as a Buyer Agent for you. Not the seller.

The snapshot below is of the final Hud-1 Statement from Monday on a home that was closed for $510,000 here in Prince William County Virginia. You will see on Line #201 it shows the VA Buyer put up an earnest money deposit of $5000.00 at time of contract.Then on Line #303  notice the VA Buyer received $5224.95 back from the settlement attorney on Closing Day!  Success!

 VA Zero Down Loans- Can I get one?

 

Now here are a few other things you should know if you would like to buy with your VA Certificate of Eligibility.

  • If you have used your VA Loan before but the home was sold quite some time ago, you can use your VA Loan Again.
  • VA Buyers can purchase up to $818,750 with No Money Down ( if you qualify)
  • Sellers can pay all of your closing costs ( if they have enough equity...not all do)
  • The time it takes to do a VA Loan is typically 30 days.
  • You do not have to be Active Duty to purchase a home.
  • Disabled Vets have additional benefits when purchasing a home with No Money Down Financing
  • You can buy any home with VA Zero Down Financing ( unless the home will not appraise)
  • Buying a Foreclosure Home can be tricky with a VA Loan ( call me, I share with you why...)
  • The VA Appraisal Process will keep you from overpaying for a home! If the VA Appraisal comes in lower than the agreed sales price, buyer can walk away, seller and buyer can split the difference or seller comes down in price. Typically is it the later that takes place.
  • If you are thinking you want to buy a home with your VA eligibility before rates go up...call me, let's get started.

 Curious about what homes are currently Active For Sale right now in the Lake Ridge Area? View Here

Note: this communication is provide to you for information purposes only and should not be relied upon by you. Peggy James of Exit 1st Choice Realty is not a mortgage lender and so you should any lender of your choice to learn more about this VA Zero Down Mortgage product and your eligibility for such product.

Other related posts:  Click here to read more of This Weeks Caller Series

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Peggy James
Twins Selling Real Estate Team
EXIT CHOICE REALTY
My direct # is 703-851-3085
Our Office # 1-571-477-1105
 
Twins Selling Real Estate Woodbridge Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Note: This real estate blog is written by me Peggy James and it is is my opinion and may not reflect the opinion of Exit Choice Realty 14067 Crown Ct, Woodbridge Virginia 22193.I have been blogging since 2008 and I am a full time REALTOR® .

Fair Housing Symbol

 

3 commentsPeggy James • July 27 2011 12:40PM

Comments

I'm a Veteran, and I think this is one of my best benefits!  Great Information

Posted by Joshua Harley (Fathom Realty) about 3 years ago

Hi Joshua, thanks for stopping by my blog to comment today. As I was just coming home tonight I saw signs lining the neighborhood. Another Veteran is coming home tonight in Lake Ridge Virginia. I never get tired of seeing those signs that say " We missed you Daddy!" Thanks for your service.

Another huge benefit is no funding fee for disabled veterans. This past week I helped two disabled veterans close on homes. Just keep my name and number and let me know if you have anyone heading to Virginia. I'll take good care of them and report back to you weekly.

Posted by Peggy James, Lake Ridge Virginia Real Estate Specialist (Twins Selling Real Estate Team) about 3 years ago
Patty, thanks for adding such relevant content to this blog post! I'm sure many people reading this will find a pearl of wisdom in what you said.
Posted by Peggy James, Lake Ridge Virginia Real Estate Specialist (Twins Selling Real Estate Team) about 3 years ago

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