Contract to Closing Real estate professionals can provide a valuable service
for military buyers who can not be present to monitor all of the steps between contract and closing.
The real estate professional can
help military buyers or sellers plan a realistic negotiation strategy with specific time frames and goals that are a match for their situation.
It's a benefit that
military buyers love, and one that's tough to locate outside of this exclusive financing program.
Make
sure military buyers know that you can help them find services for home repairs and maintenance, as well as community services, such as local support groups for military families.
None are particularly beneficial outcomes for borrowers, and all can prove more problematic
for military buyers.
San Diego real estate agent Amy Ruiz works frequently
with military buyers, and has excellent advice for buffing up a VA loan purchase offer.
Fortunately for
military buyers who may be short on cash, the VA loan program does not require a down payment and buyers aren't charged mortgage insurance.
Available to veterans and members of the military, VA home loans
give military buyers the ability to finance 100 % of a home at low VA mortgage rates.
Hone in your knowledge and skills for working with active
duty military buyers and sellers, as well as veterans with the NAR's Military Relocation Professional Certification.
Veteran and
active military buyers have unique needs, along with access to what may be the most beneficial loan product on the market: the VA home loan.
The VA loan program seeks to accommodate as many
military buyers as possible with a simple and accessible mortgage.
But the program's more flexible requirements have helped scores
of military buyers who might otherwise struggle to secure conventional and even FHA financing.
Fortunately for cash -
conscious military buyers, VA loans can be used to purchase foreclosure or short sale properties if the property meets the VA home loan guidelines set by the Department of Veterans Affairs.
From prequalification to VA loan closing costs,
everything military buyers and military - friendly agents need to know about VA loans can be referenced in this handy resource.
We also recommend that
military buyers lean on their loan officers when the time comes to dispute credit report inaccuracies.
Military buyers using their VA loan benefits won't typically need to spend years saving for a down payment.
Strategies for
Military Buyers When buyers have a short time to find a home and negotiate a purchase contract, help them develop Plan A, B, and C offers.
But they
say military buyers would insulate the market against a dip if the credit does expire, which has been the case during the worst of this recession.
Active - service
military buyers between the ages of 18 and 35 are purchasing homes at a «far greater rate» than non-military buyers — 51 percent versus 34 percent, according to the National Association of REALTORS ®» newly released Veterans & Active Military Home Buyers and Sellers Profile.
ERA Sarver Real Estate, Inc., in Leesville, Louisiana, works with the Fort Polk community and employs FaceTime, Skype, photos and video to help
remote military buyers tour homes and participate in home inspections.
Real estate professionals who work
with military buyers and sellers attest that they adapt their core real estate skills to best serve the market.
Military buyers in any stage of credit confusion are eligible for free credit services through Veterans United and its Lighthouse Program.
Available to veterans and members of the military, VA home loans
give military buyers the ability to finance 100 % of a home at low VA mortgage rates.
Military buyers who have signed a contract, gone through preapproval and passed the VA appraisal are well on their way to a closing day celebration.
The VA appraisal and a professional inspection vary radically, and each hold crucial benefits
for military buyers.
A VA loan isn't going to be the right fit for
every military buyer.
That can make homeownership tricky for
some military buyers, if not downright treacherous.
Qualified veterans and
military buyers can tap into what's become the most powerful home loan on the market.
But it's a fact in this economy that
some military buyers will fall a bit short.
But with a little budget - shrinking and belt - tightening,
any military buyer can get closer to the VA standards for homeownership.
A good year for the industry was a great one for
military buyers: VA purchase loans surged 19 % year over year, according to recently released figures.
Veterans and
military buyers can face unique credit challenges.
The good news for
military buyers is that VA loans tend to feature lower credit score requirements than conventional loans.
Granted,
military buyers don't always have cash on hand for closing costs.