Whether you’re a former military member or a current member relocating for work, you have a number of valuable resources designed specifically for military buyers available to you. The primary real estate tool for veterans? VA loans.
If you’re curious about what the buying process looks like as a military member, the Stonedale Realty Team is here to help. In addition to breaking down all aspects of the VA loan, we can also help with more general buying tips and tricks.
What is a VA Loan?
VA loans are available for veterans, active duty members, reservists, and National Guard members. Additionally, spouses of military members who have recently passed may also be eligible for one of these loans.
Essentially, a VA loan is in place to make your home-buying process easier. These loans don’t ask for traditional the down payments amount or mortgage insurance and can even require as little as 0% down on a home. Other benefits of the VA loan include possible property tax reductions, less-strict regulations on credit requirements, and no Private Mortgage Insurance (PMI) requirements.
So where does all of the money for the loans come from? Technically, the VA isn’t supplying the money for your loan. Instead, they’re guaranteeing the money from a certified lender and acting as a sort of middle-man between the two of you.
How Do I Get a VA Loan?
VA loans are a valuable resource for military buyers, and one that should be taken advantage of if possible. The easiest way to successfully secure a VA loan is by working with a trusted and experienced agent who can guide you through the process.
As far as the process itself goes, you’ll need to go through a few steps to secure your loan, including getting a Certificate of Eligibility, getting your home approved by a VA appraiser, submitting your loan application, and dealing with processing paperwork and closing.
What Other Buying Resources Are Available?
When you work with our team, we’ll be around to guide you through every step of the VA loan process, from finding an eligible home to finishing your application. But we also offer our buyers a number of other resources, including years of experience and local expertise.
Have a few basic buying questions? Check out our Buyer FAQs to get some answers. Buying a home for the first time, on top of using the VA loan, and not sure what else to expect? We’ve got a first-time buyers’ guide to help. Need help with your packing process? We’ve even got some tips and tricks for streamlining it all.
Secure Your VA Loan and Find Your Dream Home
If you’re a military member around the Triangle area, there are a number of valuable resources available to make your home-buying process easier. With years of experience and local expertise, the Stonedale Realty Group is here to make your real estate journey stress-free and successful.
If you’re ready to get started with securing your VA loan and finding your home, give our team a call today.