VA Home Purchase: Tips On Buying Your Dream Home
Just recently, VA Home Purchase is considered the most preferred choice for most veterans and active military service members because of the incredible benefits provided to our patriots. Acquiring a home with your VA loan is simple and as easy as 1, 2, 3 allowing you to become proud home owners in no time.
Acquire A Home With Zero Down Payment
This is an exclusive benefit mainly for veterans and military service members. This VA home purchase advantage allows a veteran or active military service members to acquire a home since there is no up front cost involve making room for personal expenses for possible home repair. VA loan is definitely the only loan program which offers this kind of benefit.
Save Hundreds Dollars Every month
Interest rates are typically lower than most standard conventional loans. Another great advantage is that there is no PMI involved which is an added monthly expense in some conventional loan and when added up can amount to bigger monthly savings on your part as a future home buyer.
Buying the perfect home is a very rewarding experience for first time home buyers prior to buying that dream house of yours allow me to share a few facts to consider before closing the deal.
1. Shop together
It is essential to talk about your needs together with your partner when looking for a home. Try to go on home tours and constantly look into new listings available in the market.
2. Put your finances in order
Before thinking about buying that dream home of yours keep in mind that VA loan borrowers are normally under credit scrutiny by VA lenders. Credit ratings for VA loan borrowers need to make the cut to 620 minimum. Your monthly income and employment will always be reviewed by a VA lender.
3. Don't overspend
Be aware that buying a home way beyond your means essentially implies financial suicide. Do not ever invest in a home that is more than 2 1/2 times your annual salary.
4. Consider your neighborhood
Look for homes that are within your budget but choose a home with the right kind of neighborhood. Pedestrian-friendly sidewalks, low crime rate, park for children, community center, and convenient transportation are some of the things to consider before making the prospected home as "the" one.
5. Remember, have fun
Do not rush yourself into buying a new home right away. You will always know when a perfect home for your family comes along. Always wait for the best offer from the agents. In the meantime, enjoy house hunting while it lasts.
This can be the perfect time for you to purchase that dream home you have always wanted with VA Financing. With the lowest VA rates available on the market today you will have a bigger chance of owning a home. But most of all enjoy your journey to future home ownership.
Acquire A Home With Zero Down Payment
This is an exclusive benefit mainly for veterans and military service members. This VA home purchase advantage allows a veteran or active military service members to acquire a home since there is no up front cost involve making room for personal expenses for possible home repair. VA loan is definitely the only loan program which offers this kind of benefit.
Save Hundreds Dollars Every month
Interest rates are typically lower than most standard conventional loans. Another great advantage is that there is no PMI involved which is an added monthly expense in some conventional loan and when added up can amount to bigger monthly savings on your part as a future home buyer.
Buying the perfect home is a very rewarding experience for first time home buyers prior to buying that dream house of yours allow me to share a few facts to consider before closing the deal.
1. Shop together
It is essential to talk about your needs together with your partner when looking for a home. Try to go on home tours and constantly look into new listings available in the market.
2. Put your finances in order
Before thinking about buying that dream home of yours keep in mind that VA loan borrowers are normally under credit scrutiny by VA lenders. Credit ratings for VA loan borrowers need to make the cut to 620 minimum. Your monthly income and employment will always be reviewed by a VA lender.
3. Don't overspend
Be aware that buying a home way beyond your means essentially implies financial suicide. Do not ever invest in a home that is more than 2 1/2 times your annual salary.
4. Consider your neighborhood
Look for homes that are within your budget but choose a home with the right kind of neighborhood. Pedestrian-friendly sidewalks, low crime rate, park for children, community center, and convenient transportation are some of the things to consider before making the prospected home as "the" one.
5. Remember, have fun
Do not rush yourself into buying a new home right away. You will always know when a perfect home for your family comes along. Always wait for the best offer from the agents. In the meantime, enjoy house hunting while it lasts.
This can be the perfect time for you to purchase that dream home you have always wanted with VA Financing. With the lowest VA rates available on the market today you will have a bigger chance of owning a home. But most of all enjoy your journey to future home ownership.
About the Author:
ConsideringVA home purchase? Get started now and request forour current VA rates. For a hassle free and easy approval visit us at www.va-loan.org
posted by Vittoria @ March 23, 2012
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