VA loan

Plus they have good income.

Plus they've got access to the VA loan.

So they're actually not bad buyers to quote unquote target if that's what you're talking

about.

Purchasing a home using a VA loan may seem confusing, but knowing the process may be your first step towards your dream home.

This is a Money Minute from In Charge Education Foundation and MilitaryMoney.com. A VA loan allows Veterans of the Armed Forces the opportunity to purchase a home at a low interest rate with no down payment.

Taking advantage of this benefit is a straightforward process.

First, you will need to find a VA-approved lender.

Many banks and mortgage companies offer VA loans.

Once you find a lender, you should pre-qualify for a VA loan so you can make an offer up front on a home you're interested in.

Also, when you're pre-qualified, your lender can start the pre-approval process.

which tells you the amount of money available to you before you apply for the loan.

Me being a vet.

On VA loan, the seller can pay up to 4% in concessions.

Normal closing costs don't count towards that.

Did you know that?

My problem with that, I don't...

CalVet...

I'd rather use a regular VA loan than the CalVet.

Because the problem with the CalVet loan is it is a land contract.

letting more borrowers use lower cost alternatives to title insurance and reducing refinance closing costs.

Lower USDA and VA loan rates, the Secretaries of Agriculture and Veteran Affairs must reduce interest rates on the single-family home loans made directly by their departments.

No target rates were given.

And finally, the order establishes a task force on manufactured housing innovation to improve quality and lower the cost of factory-built homes for eligible housing programs.

You can just pop it out on, you know, into all your platforms, add some captions, you know, there's super easy ways to do it, but a lot of people do really want that polished, you know, professional put together content.

and that's why we're here you know we do have four studios in the greater houston area at the moment our central studio is unavailable it will be available in january there's a lot of construction happening at the at the central location so we're we're working on that but we do have fort ben we have bay area and we have montgomery county studios that are available to our members and you know those services are available to you to create content regarding real estate whether that is staging, mortgage, the location you live in, the certifications that you have, the designations that you have, recruiting if you're a broker, selling, buying, first time home buyers, VA loans, all those things that you guys are experts in, you can create a video about.

And so we're here for that.

We offer the services in the studio, which include the lighting, the professional cameras, the teleprompter, so you don't have to memorize what you're going to say.

home.

Another big thing that's come up the last several years, appraisers have gotten stricter on, not inspectors, but appraisers, is wood rot.

FHA and VA loans don't let the loan go through when there is wood rot.

I've seen them be as specific as this much wood rot on the bottom of the doorway to nitpicking the siding all over the house.

It doesn't cost anything to walk around the house and look for the wood rot.

People don't have money for a downstroke.

And I know there's a lot of creative loans, VA loans, and you can sometimes get 2% down or 5% down.

But most loans, you know, they want that traditional 20% down unless you want to pay PMI.

So guess what? Parents, grandparents, they're stepping up to the plate and they are saying, hey, we're going to loan you the money for this.

Um, [laughs] uh, there's big...

But then I'll, I'll say outside of that, um, I can only buy one home at a time with a VA loan.

Wow.

That's not true.