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Anyone buy their house with a VA Loan? I am wanting to buy a house in Texas. I have researched a bit but I am wanting to know your experiences.
Posted in these groups: 
Housing
Housing
Posted >1 y ago
Responses: 5
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I bought with a VA loan, and have refi'd twice since then.
Each of my transactions has been completely smooth and with no hiccups.
With the first one, you need to make sure you have your VA eligibility document in advance. Way back when, I think it took 2-3 weeks from the time I requested it to its arrival, and another week before that to get a letter from the Guard confirming my service, to be submitted with the request.
IIRC, there was one thing that the VA inspection required the homeowner to fix & they did. The entire purchase process from offer to final docs was 2-4 weeks.
Each of the refi's were less than a week from start to end.
Edit: This has all been through a credit union, don't know that it would have been different at a bank, pure mortgage place.
Each of my transactions has been completely smooth and with no hiccups.
With the first one, you need to make sure you have your VA eligibility document in advance. Way back when, I think it took 2-3 weeks from the time I requested it to its arrival, and another week before that to get a letter from the Guard confirming my service, to be submitted with the request.
IIRC, there was one thing that the VA inspection required the homeowner to fix & they did. The entire purchase process from offer to final docs was 2-4 weeks.
Each of the refi's were less than a week from start to end.
Edit: This has all been through a credit union, don't know that it would have been different at a bank, pure mortgage place.
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SSG (Join to see), I did buy my house with a VA loan, and it was not only cheaper, but a lot easier than a conventional (traditional) loan. There's a fellow here on RallyPoint who knows all about this. Check out SSgt Kelly Hull and his post on VA home loan facts:
https://www.rallypoint.com/answers/va-home-loan-facts
https://www.rallypoint.com/answers/va-home-loan-facts
VA Home Loan Facts | RallyPoint
Did you know? It is a true statement that an eligible Veteran can obtain a Zero Money Down VA Home Loan up to $692,500 in the Washington DC MSA. The Zero Money Down VA loan helps Veterans obtain Home Ownership at a faster pace. All loans are subjuct to credit qualifications and Underwriting.
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SSG (Join to see)
Thank you for the link on the VA Loan. We do plan on taking leave sometime next year and looking for a house. Hopefully it all works out for us.
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I bought my house using USAA and did not use the VA loan got a better rate and lower monthly payment. The advice given to me at the time was to use the commercial loan and save the VA loan for my second house or retirement home. You might have the same luck if you can pre qualify for a mortage through your bank. Good luck.
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CWO4 Ken Rickard
Fyi, you can use your va home loan entitlement more than once, however, not more than once at the same time. So, if you sold a home and satisfied the mortgage, you can then obtain another va loan. Also with a va loan, there is no down payment required or mortgage insurance.
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