A VA home loan is the best performing home loan on the market today and to think this is a no money down loan, 100% financing. How can this be you say, well Veterans and active Military personal work on within a structured lifestyle, which means the Veteran does not over extend themselves and lives within their means. He or she has lendable credit and stable employment, do not need assets since a down payment is not required.
VA Home loans are also easy for Realtors to work with. Serving the Military is a brother and sisterhood, close net community, once you provide a great service they are more likely to refer you to other Veterans. Things to know about offering VA home loans to a seller:
- Termite is always required in the State of California whether it is on the purchase contract, can not waive it
- There are closing fees that the Veteran can not pay for
- Can request up to 4% of the purchase amount towards closing cost
- Work with a direct lender who has experience in closing VA home loans, I welcome that opportunity
Do not be afraid to work with these well qualified buyers, if you have questions and want to know more about this or other programs, please call or email me with your questions. California has more Veterans than any other state and with the overseas conflicts winding down, those men and woman are coming back home and my hunch is they would like to purchase a home utilizing their VA benefit.
Of all the loan products I have closed so far this year for 2012, on average my VA loan amount has been higher than, FHA, USDA (another zero down program), HomePath and Conventional programs and this has been my best year assisting Veterans in owning a home. Get to know these buyers they have serviced our country and deserve to own a home.