Home Buying Advice with a VA Loan?

SGT Private RallyPoint Member — Wed, 23 Apr 2014 14:06:08 -0400

Pretty self explanitory, Has anyone here used the VA to buy a home? If so, was it a pain and is it worth it?

Response by CW2 Jonathan Kantor made Apr 23 at 2014 2:12 PM

CW2 Jonathan Kantor — Wed, 23 Apr 2014 14:12:38 -0400

I have done so twice and it isn't really that much of a problem. There are certain restrictions as to what you can buy and how much the APR can be, but for the most part, it's a really good program.

Response by MSG Wade Huffman made Apr 23 at 2014 2:21 PM

MSG Wade Huffman — Wed, 23 Apr 2014 14:21:52 -0400

Understand that the VA is not a direct lender; they only 'guarantee' a portion of the loan to allow you to purchase with low or no down payment.   Ensure you explore all options, the VA Home Loan Guarantee is not always the best rate available; especially if you are able pay a down payment.  <div>You asked if it was a pain?  Well, no more than any other mortgage!  Good Luck in purchasing your home! </div>

Response by SFC Stephen P. made Apr 23 at 2014 3:58 PM

SFC Stephen P. — Wed, 23 Apr 2014 15:58:24 -0400

I have. It wasn't a pain. Was it worth filling out a form to avoid mortgage insurance? Yeah, I'd say so.

Response by MAJ Private RallyPoint Member made Apr 23 at 2014 5:01 PM

MAJ Private RallyPoint Member — Wed, 23 Apr 2014 17:01:21 -0400

Huge fan of the VA loan.  The no down payment is great and interest rates are rock bottom right now.  Great time to buy as a GI.  

Response by SFC Private RallyPoint Member made Apr 23 at 2014 5:16 PM

SFC Private RallyPoint Member — Wed, 23 Apr 2014 17:16:51 -0400

Its easy if you deal with a realtor that handles VA loans.

Response by SFC William Swartz Jr made Apr 28 at 2014 11:50 AM

SFC William Swartz Jr — Mon, 28 Apr 2014 11:50:39 -0400

Have had no issues when we used it to purchase a home when I was stationed at Ft. Knox....you just need to take a look around, talk to finance companies and realtors in the area you are thinking of purchasing in and make an informed decision! Good luck with the process and possible homeownership!

Response by SPC Anthony Smith made Apr 28 at 2014 11:54 AM

SPC Anthony Smith — Mon, 28 Apr 2014 11:54:03 -0400

Hey SGT Frazer,

Most lenders including myslef regard the VA Home Loan as the best possible program out there to get financing. If structured properly, there would be no money out of pocket and you would not have to pay monthly mortgage insurance which other programs require. There is some bad stigmas that come up from time to time, many from uneducated realtors in my opinion, regarding apprasals and terminte inspections. There are myths, the appraisal these days does not take much longer that other appraisals and the termite inspection is really something most savy buyers get done regularly anyway. Hope that helps, let me know if there are any other questions you may have.

Anthony Smith

Response by SSG Private RallyPoint Member made May 1 at 2014 7:13 PM

SSG Private RallyPoint Member — Thu, 01 May 2014 19:13:22 -0400

I will advice in using a VA Loan to buy a house, because the no money down afford you the chance to own you home, even if you will be there for a little time. If is close to base, even better, because if you PCS, you can rent it and continue to pay for it. In my case was not a pain to apply for the loan, and I can not compare it with other ones because I did not even check other options. I just recomend to buy one as soon as you get to your new duty station.

Response by SSgt Gregory Guina made May 1 at 2014 7:15 PM

SSgt Gregory Guina — Thu, 01 May 2014 19:15:51 -0400

I have bought two different homes with a VA loan as well as refinanced a couple of times to lower interest rates. It is as esay as possible especially if you are using a bank that is service connected like USAA or something like that.

Response by Adam C made May 3 at 2014 12:25 PM

Adam C — Sat, 03 May 2014 12:25:25 -0400

The VA funding fee is a fixed % it isn't based on the loan amount. It's 3.3% if you have used it before and I believe it's 2.5% if it is the 1st time use. If you have a 10% service related disability the VA will waive the funding fee.

Response by Sgt Dennis Ford Jr. made Jun 4 at 2014 11:44 AM

Sgt Dennis Ford Jr. — Wed, 04 Jun 2014 11:44:43 -0400

I have never used mind yet, however I have heard stories from both sides of the topic.

Response by SSgt David Dion made Jun 4 at 2014 12:09 PM

SSgt David Dion — Wed, 04 Jun 2014 12:09:56 -0400

Melinda - I served in the active duty Air Force, the Massachusetts ANG and have a service connected disability. I am also a real estate agent in AZ and CA. I moved to CA a few years back, started my home search about 2 years ago, planning on using my VA benefits. I am a good agent, having sold close to 1000 regular residential homes for buyers and sellers since 2003. You know what, not one full price offer using my VA benefits was being accepted. You know what I did? I started http://www.MVAREP.org - a nonprofit created to promote home ownership within the military and veteran community. We have over 1100 members throughout the country. Granted, I have a lot of things on my plate, and I have big plans for this organization to bring attention and resolution to this topic. It is going to be a grass roots effort, focused on educating the real estate and home buyer and seller community...

Response by SPC Jonathan Rhine made Jun 10 at 2014 2:39 PM

SPC Jonathan Rhine — Tue, 10 Jun 2014 14:39:57 -0400

I have and it's really painless.

Response by SSG Joshua Locke made Sep 17 at 2014 8:13 PM

SSG Joshua Locke — Wed, 17 Sep 2014 20:13:29 -0400

Ok, I know I am a little late on this thread, but it seems the most relevant to my case. I just signed all of my papers and have about 60 days before my terminal leave starts. I have decided it is probably cheaper to buy a house than to rent one when I get back home, but I have SO many questions... What is the process?? Where do I start?? What if I have terrible credit?? oh, and I am 100% disabled through the VA. I have always rented from people right outside of the base and dont really have parents. Also, I dont know that many people in Indiana that have used the VA loan so I can ask questions. I just need help.

Response by SSG Carlos Madden made Jul 7 at 2015 4:00 PM

SSG Carlos Madden — Tue, 07 Jul 2015 16:00:21 -0400

SPC Anthony Smith thanks for all the info. I'm looking at beginning this process in MA. Mind if I contact you if I have questions?

Response by Sgt Robert Sharp made Jan 22 at 2020 7:57 PM

Sgt Robert Sharp — Wed, 22 Jan 2020 19:57:26 -0500

Yes. This is my second. The first was in 1085.

Both were very easy as far as documents required. Good luck.

Response by SCPO Kenneth Duncan made Jan 22 at 2020 8:03 PM

SCPO Kenneth Duncan — Wed, 22 Jan 2020 20:03:42 -0500

Is there a time limit or can you still use the VA if you had a bankruptcy 4 years ago? I’m ready to buy again and in a better position financially. Thank you.
Ken Duncan

Response by LCDR Kenneth Phelps made Jan 22 at 2020 8:09 PM

LCDR Kenneth Phelps — Wed, 22 Jan 2020 20:09:33 -0500

Yes, it is very much worth the effort.

Response by Sgt Yvonne Sullivan made Jan 22 at 2020 8:11 PM

Sgt Yvonne Sullivan — Wed, 22 Jan 2020 20:11:13 -0500

I used the VA to buy a home, totally worth it. There is a 3% loan processing fee that the VA covers for you and they guarantee your home loan so lenders are more likely to give you a loan.

Response by FA Robert Makela made Jan 22 at 2020 8:14 PM

FA Robert Makela — Wed, 22 Jan 2020 20:14:02 -0500

It was very very very easy so impressed thank you VA

Response by SPC Gary Gray made Jan 22 at 2020 8:16 PM

SPC Gary Gray — Wed, 22 Jan 2020 20:16:21 -0500

Easy

Response by SGT Becky Adams (Margerum) made Jan 22 at 2020 8:18 PM

SGT Becky Adams (Margerum) — Wed, 22 Jan 2020 20:18:27 -0500

I used veterans United for my va loan. They have a network of realtors and are a breeze to get the loan through. If you use a realtor in their network, you get money back after closing.

Response by LCpl John Bright made Jan 22 at 2020 8:19 PM

LCpl John Bright — Wed, 22 Jan 2020 20:19:38 -0500

One thing different for va loans. When a home is inspected to see if the loan company will except it, roof, termite, etc. On regular loans just the home gets inspected. But with VA loan backed. Then all buildings, barns, shacks etc get inspected.

Response by PO2 Frank Barraco made Jan 22 at 2020 8:21 PM

PO2 Frank Barraco — Wed, 22 Jan 2020 20:21:18 -0500

Response by SGT Jeffrey Madden made Jan 22 at 2020 8:22 PM

SGT Jeffrey Madden — Wed, 22 Jan 2020 20:22:46 -0500

Response by PO2 Frank Barraco made Jan 22 at 2020 8:23 PM

PO2 Frank Barraco — Wed, 22 Jan 2020 20:23:39 -0500

Looking to refinance

Response by PFC Teiana Po made Jan 22 at 2020 8:24 PM

PFC Teiana Po — Wed, 22 Jan 2020 20:24:28 -0500

We used it. It was pretty easy. I think it was worth it. But if you do have funds to put down on a home I would advise to do so. Especially if you can have a cheaper mortgage. Also get the book home buying for dummies.

Response by PFC Teiana Po made Jan 22 at 2020 8:24 PM

PFC Teiana Po — Wed, 22 Jan 2020 20:24:37 -0500

Response by SSG Erling Ericksen made Jan 22 at 2020 8:27 PM

SSG Erling Ericksen — Wed, 22 Jan 2020 20:27:23 -0500

So far I have used the VA home loan benefit 2 times and each time it was easier than any other way to finance a home.

Response by SPC Gary Hurst made Jan 22 at 2020 8:31 PM

SPC Gary Hurst — Wed, 22 Jan 2020 20:31:38 -0500

Done it several times

Response by SPC Leonard Foster made Jan 22 at 2020 8:33 PM

SPC Leonard Foster — Wed, 22 Jan 2020 20:33:28 -0500

Took over 10 months to get and had to apply and reapply (and pay appraisal fees) FOUR times on FOUR different properties before it finally went through because the amount of the home loan was more than VA would pay. The lower interst rate is good, but the time and hoops you have to jump through are endless. Had to give away a previous property in order to finally get a loan. Had to pay off ALL debts to qualify, including contested debts. Bought my home in 2015.

Response by SSgt Kevin Scott made Jan 22 at 2020 8:38 PM

SSgt Kevin Scott — Wed, 22 Jan 2020 20:38:20 -0500

It is so worth it - I have now had 3 homes using VA funding - $0 down and cash at closing too!!!

Response by SFC Franklin Cabrera made Jan 22 at 2020 8:39 PM

SFC Franklin Cabrera — Wed, 22 Jan 2020 20:39:52 -0500

I bought my house with a VA Loan. $0 Down Payment, seller paid the closing costs and I closed in less than two weeks.

Response by PO3 Lisa Burke made Jan 22 at 2020 8:41 PM

PO3 Lisa Burke — Wed, 22 Jan 2020 20:41:00 -0500

Does the VA home loan include property when used to build a home?

Response by PFC Daniel Lautaret made Jan 22 at 2020 8:41 PM

PFC Daniel Lautaret — Wed, 22 Jan 2020 20:41:14 -0500

I am only 70% rated and haven’t worked since January 2018. I’ve rented the same apartment for 10 years come May. It’s tiny and I need more space for myself and my family. 4 of us. Are there programs that help with loan approval?

Response by SSgt Dan Thurber made Jan 22 at 2020 8:41 PM

SSgt Dan Thurber — Wed, 22 Jan 2020 20:41:20 -0500

I used it many years ago and found the process simple and easy to complete. In most cases the Loan Officer will do most of the work. In fact I sold my last house to a Vet and the closing was very simple and quick.

Response by CPL Gwen Tegtmeier made Jan 22 at 2020 8:41 PM

CPL Gwen Tegtmeier — Wed, 22 Jan 2020 20:41:32 -0500

I have an odd question. I just purchased a home with my VA loan. The sellers did not disclose a flood or mold infestation. I am currently in litigation, but is there anything the VA can do to help me? Do you know who I can contact?

Response by PO3 Lisa Burke made Jan 22 at 2020 8:41 PM

PO3 Lisa Burke — Wed, 22 Jan 2020 20:41:46 -0500

Can the VA home loan be applied to pre-manufactured homes?

Response by MCPO Bernard N. made Jan 22 at 2020 8:44 PM

MCPO Bernard N. — Wed, 22 Jan 2020 20:44:14 -0500

Yes, I used it a few times, it's pain free (the lender will do all the paperwork) and will save you lots of money!

Response by LCpl George Mowl made Jan 22 at 2020 8:44 PM

LCpl George Mowl — Wed, 22 Jan 2020 20:44:36 -0500

Is it worth it?

Response by SPC Latasca Davis made Jan 22 at 2020 8:45 PM

SPC Latasca Davis — Wed, 22 Jan 2020 20:45:27 -0500

I just obtained my certificate and my credit isn't that good. My question is that is it even possible to still get a home then?

Response by PO2 Kenneth Riedel made Jan 22 at 2020 8:45 PM

PO2 Kenneth Riedel — Wed, 22 Jan 2020 20:45:50 -0500

It's a pain for me because I happen to live in a condominium complex where the majority of units are non-owner occupied and are rentals so even though I am a veteran, I can't use my VA Benefits for a VA Loan

Response by SPC Joy Moore made Jan 22 at 2020 8:48 PM

SPC Joy Moore — Wed, 22 Jan 2020 20:48:15 -0500

I'm currently attempting a refi to combine debts, lower my monthly payments etc. The company I'm working with has had me jumping through one hoop after another to include the termite inspection, which really was the less painful of all the processes. I paid for that and for an appraisal, even though I had the property appraisal in the summer of 2019. Before the appraisal could happen, the Loan company said that VA wouldn't close on a refi until April 5th, 2020. Ok, I can wait... However, the termite inspection expires after 30 days, I'd have to have it done again and the Loan Co said to wait on the appraisal too. Do I get a refund of the money I paid for the appraisal? Oh yes, sure.
So, this all started Jan 2nd and 20 days later, I'm no closer to finding out if I am qualified. :( I tried to call VA but the person I spoke with said that the Loan Co Dictates the progress. I'm a little overwhelmed. Does all this sound normal to you?

Response by Shawn Harris made Jan 22 at 2020 8:51 PM

Shawn Harris — Wed, 22 Jan 2020 20:51:39 -0500

My dad is a Vet and I am a former reservist. Unfortunately, I didn't go active so I'm not eligible for a VA loan. Would I be able to use my dad benefits to apply?

Response by 1st Lt Norma Lundy made Jan 22 at 2020 8:52 PM

1st Lt Norma Lundy — Wed, 22 Jan 2020 20:52:58 -0500

Easy purchase and released when sold

Response by LCDR Ronald Konopaski made Jan 22 at 2020 8:54 PM

LCDR Ronald Konopaski — Wed, 22 Jan 2020 20:54:02 -0500

I attempted a VA refinance a couple of years ago, but the lender talked me out of it because there was a quite large fee added to the loan. Has that been changed?

Response by HN Thomas Marino made Jan 22 at 2020 8:55 PM

HN Thomas Marino — Wed, 22 Jan 2020 20:55:10 -0500

All good it took some time to get it done

Response by Sgt Bob Puetz made Jan 22 at 2020 8:55 PM

Sgt Bob Puetz — Wed, 22 Jan 2020 20:55:38 -0500

Any body know the details on building a home using the VA loan? Always thought that building a home you had to do 20% or 30% down.

Response by SP5 Ron Woodgeard made Jan 22 at 2020 8:56 PM

SP5 Ron Woodgeard — Wed, 22 Jan 2020 20:56:50 -0500

Yes, Twice. It's a very simple process. You'll contact a Realtor that does VA buys, builds and Refinance programs. You're going to go through the credit process but being the VA will Guarantee your loan it's much easier. You'll need to meet the parameters of Credit, Work Etc. All the VA really does is take away the down payment and Guarantee.

Response by SPC Chris Weeks made Jan 22 at 2020 8:57 PM

SPC Chris Weeks — Wed, 22 Jan 2020 20:57:24 -0500

Has anyone been able to get a VA loan to remodel a home that they already own?

Response by PO3 Michaelee Cadestin made Jan 22 at 2020 8:57 PM

PO3 Michaelee Cadestin — Wed, 22 Jan 2020 20:57:53 -0500

I want to buy a home but my credit is in low to mid 500. Can i still get approved

Response by CPL James Dolan made Jan 22 at 2020 8:59 PM

CPL James Dolan — Wed, 22 Jan 2020 20:59:15 -0500

Trying to now

Response by PO2 Victor Jue made Jan 22 at 2020 8:59 PM

PO2 Victor Jue — Wed, 22 Jan 2020 20:59:33 -0500

Active duty. 1967-1970

Response by PO2 Joey Zarrillo made Jan 22 at 2020 9:02 PM

PO2 Joey Zarrillo — Wed, 22 Jan 2020 21:02:56 -0500

I've used a VA Loan to buy all 3 of the homes we have ever owned. The inspection process can be a little more tedious than other types of loans, but it is to ensure you get a good solid home. No money down is a nice option. Just review all of your options with a lender to get what's right for you and your specific situation.

Response by 'Milly Combs made Jan 22 at 2020 9:11 PM

'Milly Combs — Wed, 22 Jan 2020 21:11:58 -0500

We have used it 2x's, one time in the early 90's and right now. It has come a long way but you have to find the right people. We used Veteran's United, specifically the Rick Bridgeman team, and they were a godsend, other than having to assist some with student loan data and sending in employment data, they've done basically everything including finding us an awesome realtor team too. Even credit issues, they have a free credit repair company that will hold your hand until all 3 scores are above a 620. We close on the 31st!

Response by SSgt Jerry Waller made Jan 22 at 2020 9:14 PM

SSgt Jerry Waller — Wed, 22 Jan 2020 21:14:14 -0500

I want too see about refiance my home.

Response by MGySgt Andre Hunter made Jan 22 at 2020 9:17 PM

MGySgt Andre Hunter — Wed, 22 Jan 2020 21:17:23 -0500

My first VA loan 1991 wasn't but gotten your eligibility letter - If that's still being used?

Response by SrA Joseph Hebert made Jan 22 at 2020 9:24 PM

SrA Joseph Hebert — Wed, 22 Jan 2020 21:24:24 -0500

EASY PEASY I BOUGHT 3 HOMES WITH NO DOWN PAYMENT OUT OF POCKET. YOU NEED A CERTIFICATE OF ELIGIBILITY WHICH YOU GET FROm THE V.A. present that to the loan officer then your all set. the certificate shows you how much you are eligible for

Response by PO1 Randy Finley made Jan 22 at 2020 9:26 PM

PO1 Randy Finley — Wed, 22 Jan 2020 21:26:03 -0500

Yes, I used the VA Loan in 1996, it was very easy and got my VA Home Loan Approved with no problem.

Response by TSgt Alfonsoj Pollard made Jan 22 at 2020 9:27 PM

TSgt Alfonsoj Pollard — Wed, 22 Jan 2020 21:27:32 -0500

A pain 44 years ago because I had marginal credit. Finally got a house and now living in my 5th house. Easier after the first go round.

Response by PO2 Jeffrey A. Gilliland made Jan 22 at 2020 9:31 PM

PO2 Jeffrey A. Gilliland — Wed, 22 Jan 2020 21:31:28 -0500

I’ve been trying for years to use the VA home loan to purchase a house. I just can’t seem to close.

Response by SGT Terry Brown made Jan 22 at 2020 9:32 PM

SGT Terry Brown — Wed, 22 Jan 2020 21:32:10 -0500

easy to do on my 3Rd one

Response by MAJ Will Sullivan made Jan 22 at 2020 9:32 PM

MAJ Will Sullivan — Wed, 22 Jan 2020 21:32:27 -0500

Not a pain and worth it. Thanks for their backing i didnt have to put any money down.

Response by TSgt Antonio Strong made Jan 22 at 2020 9:32 PM

TSgt Antonio Strong — Wed, 22 Jan 2020 21:32:35 -0500

SGT, yes I have used it and it was an easy process. First, you have to make sure you have the COE the certificate of eligibility. This is needed to verify that you have the benefit. The loan company, bank or credit union are the ones that make it difficult.

Response by SPC Nick Skelton made Jan 22 at 2020 9:34 PM

SPC Nick Skelton — Wed, 22 Jan 2020 21:34:49 -0500

It’s worth it!

Response by SPC Charles MacIntyre made Jan 22 at 2020 9:36 PM

SPC Charles MacIntyre — Wed, 22 Jan 2020 21:36:01 -0500

We need a realtor to try and find a home to buy or rent. I have 100% disability.

Response by SGT Lenise Hamilton made Jan 22 at 2020 9:36 PM

SGT Lenise Hamilton — Wed, 22 Jan 2020 21:36:45 -0500

I've used my VA Certificate on my 1st home, paid it off, and now getting ready to use it again in 2021, it was not a pain in using the certificate, it was easy, just make sure that you stay focus and your dream will come true.

Response by SPC Jerome Henehan made Jan 22 at 2020 9:37 PM

SPC Jerome Henehan — Wed, 22 Jan 2020 21:37:02 -0500

Curious about the va home loan process. Step by step walk through. Thanks.

Response by SGT William Barger made Jan 22 at 2020 9:38 PM

SGT William Barger — Wed, 22 Jan 2020 21:38:53 -0500

It was no.pain at all and this was back in a bad recessiom

Response by Cpl Morris Diehl made Jan 22 at 2020 9:38 PM

Cpl Morris Diehl — Wed, 22 Jan 2020 21:38:53 -0500

I used it first time 5 years ago and my bank (Amegy) in Texas kept it 2 months and sold it to Penny Mac that makes me have an escrow account takes almost $300. a month out to put into escrow and my insurance is under $700. a year. My principal and interest is $720. so I think I am getting screwed on this and I haven't figured out whether the VA will help out on these crooks.

Response by Sgt Laura Fitzgerald made Jan 22 at 2020 9:40 PM

Sgt Laura Fitzgerald — Wed, 22 Jan 2020 21:40:13 -0500

I am one of the only Brokers in my are to work with VA buyers. Many real estate brokers are conditioned to "council" sellers to reject VA buyers due to the perceived risk with a 100% loan. Make sure you work with the right agent who will fight for you particularly in a competitive market. Happy to help yo find the right agent. Laura

Response by SR Irene N Jule Westcott made Jan 22 at 2020 9:42 PM

SR Irene N Jule Westcott — Wed, 22 Jan 2020 21:42:29 -0500

My VA loan was simple. But I refinance and only saved $98 a months. My property tax went up

Response by SPC Stuart Campbell made Jan 22 at 2020 9:44 PM

SPC Stuart Campbell — Wed, 22 Jan 2020 21:44:00 -0500

Used in 1995 to buy first home was new construction went pretty smooth VA protected me during the process

Response by PVT Donna Bruce Raney made Jan 22 at 2020 9:46 PM

PVT Donna Bruce Raney — Wed, 22 Jan 2020 21:46:01 -0500

my finding is find out if city or county or state has open burning = if they do read cdc & epa reports about toxic smoke and ash producing toxic air born lead = your VA Loan is probated under guidelines you could find your self in a fraud contract if sellers did not have property and doweling guaranteed by proper appraisal inspection . In fact the LOAN COUD BE CALLED AFTER IT WAS FOUND TO BE CONTAMATED . I Know this after trying to buy and reading guidelines of VA ,and receiving a Email from quality air ,Johnson County ,Ks. & CDC & US-EPA = KANSAS , JOHNSON COUNTY GAVE ME 3 OPTIONS #1 HAVE CITY STOP BURNING / #2 ABANDENT HOME /#3 WARE A FILTER AIR MASK . Now I ask you to be smarter than most when using VA , if you abundant the home you will still owe and they will get their MONEY .

Response by Maj Victoria Wingett made Jan 22 at 2020 9:53 PM

Maj Victoria Wingett — Wed, 22 Jan 2020 21:53:21 -0500

Definitely worth it. Some Realtors are afraid of them because there used to be long delays, but my last one was as quick as an FHA loan.

Response by SPC Edward Hospedale made Jan 22 at 2020 9:54 PM

SPC Edward Hospedale — Wed, 22 Jan 2020 21:54:27 -0500

Not a good start for getting info

Response by LCpl Bernadette Scott made Jan 22 at 2020 9:58 PM

LCpl Bernadette Scott — Wed, 22 Jan 2020 21:58:50 -0500

Well worth it

Response by MGySgt Andre Hunter made Jan 22 at 2020 9:59 PM

MGySgt Andre Hunter — Wed, 22 Jan 2020 21:59:53 -0500

That's right, you can get it on-line!

Response by SP6 Laverne Simon made Jan 22 at 2020 10:04 PM

SP6 Laverne Simon — Wed, 22 Jan 2020 22:04:30 -0500

I live in San Francisco, Ca, a very high cost area. Luckily, I have a rent controlled apartment for almost 20 years. If I wanted to purchase a condo in this city or outside of SF, what would the VA offer me in terms of home loan amounts? I think the VA limit is $400,000 for this area. Has there been an increase for high-cost areas?? Will I still need a down payment for anything here in California. Also, check Nevada, like Las Vegas and Texas around the Houston area.

Response by Sgt Ladell Butler made Jan 22 at 2020 10:09 PM

Sgt Ladell Butler — Wed, 22 Jan 2020 22:09:35 -0500

Simper fi

Response by PVT Delwyn Phillips made Jan 22 at 2020 10:12 PM

PVT Delwyn Phillips — Wed, 22 Jan 2020 22:12:17 -0500

What is the average credit score needed to purchase a home with the VA. I heard 640 then I heard 680....

Response by PO2 Darrell Heath made Jan 22 at 2020 10:13 PM

PO2 Darrell Heath — Wed, 22 Jan 2020 22:13:48 -0500

Pretty easy

Response by SGT Aaron Cordial made Jan 22 at 2020 10:14 PM

SGT Aaron Cordial — Wed, 22 Jan 2020 22:14:18 -0500

With the VA home loan do I need to go to my VA to activate it or can a agent selling the house do it? Been debating on using my VA home loan since we are establishing a new state.

Response by PO2 Fortunato Cardona made Jan 22 at 2020 10:17 PM

PO2 Fortunato Cardona — Wed, 22 Jan 2020 22:17:44 -0500

Have purchased two homes using VA insured mortgages in the last thirty-plus years and each one was a breeze and saved thousands of dollars.

The first one was during the period of outrageous interest rates, where it normally took more than ninety days before buyer would be able to close...did mine in thirty-one days. Later VA refinanced the mortgage when rates were lower and had no problem; got rates 6% less, with $0.00 out of pocket and lower payments in excess of $500 less per month.

Sold first one and purchased current home with same speed six years ago.

Always great service and promptness.

Response by Sgt Kisna Patrick made Jan 22 at 2020 10:22 PM

Sgt Kisna Patrick — Wed, 22 Jan 2020 22:22:09 -0500

Good evening,

I’m trying to use my VA loan to purchase a home. I’m currently a full-time student (GI Bill) and I also work part time. I’m 90% for VA disability but I won’t start receiving my VA till April. I was told by Veterans United that they couldn’t use my part time income and so I would only qualify for either a $35,000 home or $75,000 home. I would like to know how accurate this information is because the home I’m interested in is $240,000.

Response by SGT Willie Brady made Jan 22 at 2020 10:26 PM

SGT Willie Brady — Wed, 22 Jan 2020 22:26:01 -0500

Just want to know if my score is below 620 can I qualify?

Response by Pamela Lindsey made Jan 22 at 2020 10:29 PM

Pamela Lindsey — Wed, 22 Jan 2020 22:29:20 -0500

Never used loan

Response by SN Ceren Farr made Jan 22 at 2020 10:33 PM

SN Ceren Farr — Wed, 22 Jan 2020 22:33:05 -0500

Not yet but planning on it.

Response by LCpl Ramiro Castro made Jan 22 at 2020 10:33 PM

LCpl Ramiro Castro — Wed, 22 Jan 2020 22:33:54 -0500

I had a trying time with all my bank paperwork ,Need to see where all the funds come from
other then that it was OK

Response by MSgt Yvonne Macek made Jan 22 at 2020 10:40 PM

MSgt Yvonne Macek — Wed, 22 Jan 2020 22:40:59 -0500

Yes I have used it twice. There is a fee the VA charges but it is added to the loan amount. Very easy and most well established lenders know what they have to do. All you have to do is get the letter from the VA that states how much they will back for you.

Response by SSgt Fred Bennett made Jan 22 at 2020 10:48 PM

SSgt Fred Bennett — Wed, 22 Jan 2020 22:48:42 -0500

I have purchased several homes using my Veterans benefits. The latest was in 2018 here in Texas. It is a relatively easy process but you do have to do your end and gather necessary documents and paperwork for mortgage and underwriting. As far as I’m concerned, it’s well worth the process and and 0 down is awesome for those with very little or no down payment . I hope this helps you and anyone else.

Response by PO3 Harold Sylvester made Jan 22 at 2020 10:53 PM

PO3 Harold Sylvester — Wed, 22 Jan 2020 22:53:14 -0500

"PAIN"

Response by CPL Paul Levin made Jan 22 at 2020 10:57 PM

CPL Paul Levin — Wed, 22 Jan 2020 22:57:39 -0500

Since my separation in 1971 I have only bought homes with my VA loan benefit. I built a home in 1997 with a VA loan and then over the years through 2016 I refinanced my VA loan 8 times! The Streamline Refi made it easy through my loan broker. A VA loan is the only way to go for qualified Vets.

Response by MSgt Jack Casey Jr. made Jan 22 at 2020 11:01 PM

MSgt Jack Casey Jr. — Wed, 22 Jan 2020 23:01:27 -0500

My home purchase is currently in progress. The process is so easy. If I didn’t have to go out of my residence to look at properties I could of stayed home during the entire process. I am purchasing a home using CalVet VA loan. I applied for a loan online filling out online forms. I Received a CalVet loan Rep. He emailed me a request for the required documents I needed, (DD214, bank information, W-2’s) I hand carried the documentation to his office instead of mailing them. In two days I was pre-approved for the loan. Everything document wise was handled online with emails between my agent, the CalVet Rep. and the Title Company. I am amazed how easy this is using electronic signatures.

Response by Sgt Dennis Noble made Jan 22 at 2020 11:16 PM

Sgt Dennis Noble — Wed, 22 Jan 2020 23:16:53 -0500

I've got a VA loan I've had for roughly 16 years now and cannot remember any problems while buying my home and getting the loan. In fact, if I remember correctly, it was actually easier.

I am now contemplating moving to a new home and intending to utilize a VA loan process. Hopefully this makes is much easier than I had anticipated as far as financing goes...………. USMC Sgt. Noble

Response by PVT Edward Morris made Jan 22 at 2020 11:34 PM

PVT Edward Morris — Wed, 22 Jan 2020 23:34:30 -0500

My credit is only 551

Response by SGT Alan Kessler made Jan 22 at 2020 11:43 PM

SGT Alan Kessler — Wed, 22 Jan 2020 23:43:00 -0500

I bought my home in Colorado in 1990. The house was $117,000. It was a little bit of pain to go through the process but no more so than any other govt backed mortgage (Fannie Mae, Freddie Mac, USDA etc.) It took 2 to 3 months as best I can recall. Things like crap on your credit history like unpaid dentist or medical. And that's with ok credit. Not great. My score was in the low 600's.
Fast forward to today and I'm a real estate broker. I'm a member of the Legion and VFW in my hometown of Saugerties NY. I've been doing this for 7 years.. There are people to watch out for. I don't trust any person or business that offers special treatment for Vets. But that's just me. Anyone is entitled to make a profit for a service. I've been truly blessed. I got out 9 FEB 1969. Drafted in July '67. For some reason, when almost everyone in my Fort Jackson basic company was sent to Ft Polk for light infantry and then, on to Nam, me and 5 guys got sent to Ft Gordon for MP training. And for whatever reason, when everyone was sent to Nam, my entire company was assigned everywhere but Nam. Most went to Germany and Okinawa and all over the world. Me and a couple other guys went Korea. Joint Security Area Panmunjom. In April of 1968 my best friend Sgt James Anderson (Andy to us) was killed in an ambush in a routine shift change. I made that same ride thru the zone countless times. I made it back. Andy and 3 others didn't
I only tell you all this because of my gratitude to those who gave all I've been trying to help any vet buy a house. I will not accept any commission or payment of any kind to do what I normally get paid very well for. In 6 years I can't find any vet who could use my help and expertise. I'm licensed in the state of New York and I'm told that what I'm trying to do might violate some rule or law. Probably to to protect against a predator.
I'll take that chance and cross that bridge if and when I come to it. Know any vet who could use my help. Google me
Alan Mike Kessler

Response by SPC Rezhwan Mustafa made Jan 22 at 2020 11:44 PM

SPC Rezhwan Mustafa — Wed, 22 Jan 2020 23:44:06 -0500

Easily done. But you will definitely need to have a good loan officer. Mine went above and beyond to make sure I got it and didnt have to do all that paper work, he did it all for me. Bought a house in 4 days after he got me the preapproval, let me know if you need his info. His name is chris out of dallas Texas

Response by Capt Hugh Laughlin made Jan 22 at 2020 11:56 PM

Capt Hugh Laughlin — Wed, 22 Jan 2020 23:56:12 -0500

THEY ARE GREAT LOANS. i HAVE REFINANCED 4 TIME LOWER MY RATE EACH TIME.

Response by SGT Victor Becker made Jan 22 at 2020 11:56 PM

SGT Victor Becker — Wed, 22 Jan 2020 23:56:17 -0500

Never used credit score wasnt good enough

Response by SPC Anthony Whitt made Jan 23 at 2020 12:12 AM

SPC Anthony Whitt — Thu, 23 Jan 2020 00:12:52 -0500

I would go for any other loan out their. It is nice to have no money out of pocket but you have to have an escrow account. To pay taxes and insurance and with that most financial institutions. Most of them use it like their own personal piggy bank and leave you with the bill. And you have to hire a lawyer to fix the problem. Because it may be a government loan or a loan backed by the VA. What ever you want to call it.They can not do a thing at all. If you feel that in way, any of your rights at all are being violated. the V.A loan department will tell right off hand get a lawyer. Their is nothing they can do. So you may lose sleep and many other things until a lawyer steps in. If I were you would go with an other loan. I have found other loans to be better. And other loans have no money out of pocket just have to ask about what is offered and by who. Good luck with the VA loan if you get it

Response by SGT Norman Yates made Jan 23 at 2020 12:16 AM

SGT Norman Yates — Thu, 23 Jan 2020 00:16:27 -0500

Response by PO1 Diosdado Apostol made Jan 23 at 2020 12:25 AM

PO1 Diosdado Apostol — Thu, 23 Jan 2020 00:25:17 -0500

Not yet

Response by PO1 Diosdado Apostol made Jan 23 at 2020 12:27 AM

PO1 Diosdado Apostol — Thu, 23 Jan 2020 00:27:28 -0500

Haven’t use va loan yet.

Response by SGT Delbert Manns made Jan 23 at 2020 12:30 AM

SGT Delbert Manns — Thu, 23 Jan 2020 00:30:08 -0500

I'm trying to buy a house but my credit score is holding me back I'm a Disabled Veteran 100 % I've tried very hard but things come up with me I would sure love to have a home I have been paying rent for 4 years and I'm a first time buyer is there any thing you can do for me I would sure appreciate it

Response by Cpl Ronald Fredette made Jan 23 at 2020 12:35 AM

Cpl Ronald Fredette — Thu, 23 Jan 2020 00:35:52 -0500

No down payment what more can you ask for,and for the most part it's relativly simple however they request pest inspection,water test by professional [a well driller should be able to help.] appraisal of property,so there is money you have to have.. However if you qualify go for it.

Response by CPO Delmar Rose made Jan 23 at 2020 3:18 AM

CPO Delmar Rose — Thu, 23 Jan 2020 03:18:30 -0500

I’m new to this site. Been retired for 14 years, is it still true you only get one VA loan for house purchase? Many thanks

Response by SPC Milton Johns made Jan 23 at 2020 5:06 AM

SPC Milton Johns — Thu, 23 Jan 2020 05:06:20 -0500

Can I get a second loan?

Response by MSgt Robert Brotten made Jan 23 at 2020 5:46 AM

MSgt Robert Brotten — Thu, 23 Jan 2020 05:46:56 -0500

I used my VA loan benefit thrice. In my limited experience Lenders that offer VA loans, are well versed and make the process painless as can be expected in the mortgage loan world that is!

Response by PO1 Rommel Layug made Jan 23 at 2020 5:53 AM

PO1 Rommel Layug — Thu, 23 Jan 2020 05:53:37 -0500

Thanks for VA

Response by GySgt Tim DiMarzio made Jan 23 at 2020 5:57 AM

GySgt Tim DiMarzio — Thu, 23 Jan 2020 05:57:50 -0500

Can a VA loan be used to buy a home in a foreign country; i.e. Thailand. I’m married to a Thai that’s why I ask.

Response by SN Gerald Coe made Jan 23 at 2020 6:00 AM

SN Gerald Coe — Thu, 23 Jan 2020 06:00:56 -0500

Deborah had a VA loan

Response by SPC Thomas Healy made Jan 23 at 2020 6:10 AM

SPC Thomas Healy — Thu, 23 Jan 2020 06:10:53 -0500

Response by SSgt Prentice McCoy made Jan 23 at 2020 6:13 AM

SSgt Prentice McCoy — Thu, 23 Jan 2020 06:13:03 -0500

It was easy and painless

Response by SGT(P) Private RallyPoint Member made Jan 23 at 2020 6:39 AM

SGT(P) Private RallyPoint Member — Thu, 23 Jan 2020 06:39:16 -0500

I bought my home in 2015 using VA. No money down good people working the issue pretty painless for me. My only complaint was the I was in the disability filing phase and had to pay the 5000.00 VA filing fee. I just refinance using VA we just closed again last week dropped interest rates, now that I am VA rating I am exempt from filing VA funding fee ever again.

Response by CPL Rodney Washington made Jan 23 at 2020 7:01 AM

CPL Rodney Washington — Thu, 23 Jan 2020 07:01:07 -0500

Yes It was pretty straight forward. Try Veterans United.

Response by MAJ Learie George made Jan 23 at 2020 7:22 AM

MAJ Learie George — Thu, 23 Jan 2020 07:22:58 -0500

Great

Response by SGT Shawn Forster made Jan 23 at 2020 7:24 AM

SGT Shawn Forster — Thu, 23 Jan 2020 07:24:57 -0500

Response by PO3 Susan Fleetwood made Jan 23 at 2020 7:40 AM

PO3 Susan Fleetwood — Thu, 23 Jan 2020 07:40:43 -0500

Response by SPC Greg Honeycutt made Jan 23 at 2020 7:46 AM

SPC Greg Honeycutt — Thu, 23 Jan 2020 07:46:34 -0500

Every VA mortgage is $0 down. Some closing costs. The seller may concede some or all of those costs if you ask. Some fees may apply if you've previously used your VA mortgage eligibility before. VA approved appraiser and VA mandatory pest inspection. Good luck, I've used mine 7 time. It's the only way if you don't have down payment money.

Response by Sue Mckay made Jan 23 at 2020 7:47 AM

Sue Mckay — Thu, 23 Jan 2020 07:47:26 -0500

me and my husband he was a vietnam vet have bought 4 homes since 1970 all on va loans not hard at all the last one in 1990 not sure how it is now but never had any problems

Response by SGT Eric Haynes made Jan 23 at 2020 8:07 AM

SGT Eric Haynes — Thu, 23 Jan 2020 08:07:15 -0500

Years ago I have, I am divorced now and on my own and need a house of my own though.

Response by SSG Robert Walsak made Jan 23 at 2020 8:21 AM

SSG Robert Walsak — Thu, 23 Jan 2020 08:21:39 -0500

I was discharged in 1972, after Vietnam service, and after a year on my new civilian job I wanted a home investment, and made an offer on some waterfront property with an old house. My agent suggested taking the VA route since I was lacking a down payment, my total mortgage back then would be $19,500.00 BIG money back then. Over the years I added on, and sub-divided the property ending up with over a million in value. When I retired I sold it all. And then built a new home, self financed. It all began with a VA Loan.

Response by SP5 David Campbell made Jan 23 at 2020 8:30 AM

SP5 David Campbell — Thu, 23 Jan 2020 08:30:39 -0500

I assume this is a one time benefit. I did buy a home using VA and it was referred to as a VA/FHA loan. So my question is do I qualify to get another loan through VA. Thanks

Response by Pvt Rick Langert made Jan 23 at 2020 8:34 AM

Pvt Rick Langert — Thu, 23 Jan 2020 08:34:15 -0500

I used the VA to finance my 1st home purchase in 1996, and it was super easy. I am hoping to use the VA to refinance soon.

Response by SGT Larry Murphy made Jan 23 at 2020 8:37 AM

SGT Larry Murphy — Thu, 23 Jan 2020 08:37:00 -0500

How much is interest on VA home loan

Response by SFC Ross Boger made Jan 23 at 2020 8:41 AM

SFC Ross Boger — Thu, 23 Jan 2020 08:41:29 -0500

well worth it. get hooked up with a realtor and a loan broker that work the VA program. we closed in two weeks from making an offer on our house in 2011.

Response by PFC Donald Preskitt made Jan 23 at 2020 8:41 AM

PFC Donald Preskitt — Thu, 23 Jan 2020 08:41:32 -0500

Want to but dont have high enough credit score. Almost .

Response by SPC Gaylord Mckenzie made Jan 23 at 2020 8:42 AM

SPC Gaylord Mckenzie — Thu, 23 Jan 2020 08:42:45 -0500

I used it In 2004 very easy to use

Response by MSG Steve Fultz made Jan 23 at 2020 8:49 AM

MSG Steve Fultz — Thu, 23 Jan 2020 08:49:04 -0500

Yes, but it seems to me all Home loans are a pain, but a pain worth every bit of t your effort.

Response by PO2 Bob Marion made Jan 23 at 2020 8:54 AM

PO2 Bob Marion — Thu, 23 Jan 2020 08:54:51 -0500

From what I did, it wasn't a pain. Just get the certificate from Veterans Affairs and show it to mortgage company, agent or whomever you are purchasing home through

Response by Cpl Kyle Rollins made Jan 23 at 2020 8:56 AM

Cpl Kyle Rollins — Thu, 23 Jan 2020 08:56:07 -0500

Got my first VA loan a few years back and the rate is unbeatable. FYI when they come to look at the house they are supposed to check to make sure the house meets certain standards that may be different from your local code. We had just built a deck only a couple steps off the ground and were not required by code to have any railing. To get the loan approved, we had to put in hand rails on the steps for ADA reasons... made the deck look really weird and took extra time because we did not plan on that - but I get it they are looking out for disabled vets. Just wish the VA did more to look out for other disabilities vets really struggle with than climbing two steps, but thats for another post / rant lol.

Response by MAJ Mark Allen made Jan 23 at 2020 8:57 AM

MAJ Mark Allen — Thu, 23 Jan 2020 08:57:08 -0500

No pain, and worth it

Response by SGT Gordon Granger made Jan 23 at 2020 9:05 AM

SGT Gordon Granger — Thu, 23 Jan 2020 09:05:24 -0500

I tried twice to get a VA home loan through two different credit unions. The problem is that my main income comes from Uber & Lyft. I also collect SS income & VA disability. I even told them I would put down 25k for the down payment. They would not consider my income from Uber & Lyft because I show a loss from the right off's from filing self employed. Any help would be appreciated.

Thanks, Gordon

Response by PFC Private RallyPoint Member made Jan 23 at 2020 9:15 AM

PFC Private RallyPoint Member — Thu, 23 Jan 2020 09:15:43 -0500

I used the VA and my process was easy. I had no pains or hiccups. I didn't go to the table with money but got money at closing which was unexpected. I would say it is worth it. This was my first home process and I got a new build.

Response by CPO Miles Stephens made Jan 23 at 2020 9:23 AM

CPO Miles Stephens — Thu, 23 Jan 2020 09:23:04 -0500

I have used it and it is not a pain, actually very easy. Just go to the VA office and request your VA certificate and provide to your lending company.

Response by CPT Private RallyPoint Member made Jan 23 at 2020 9:23 AM

CPT Private RallyPoint Member — Thu, 23 Jan 2020 09:23:28 -0500

We are in the process of selling our old home (from a VA loan) and purchasing a new one. So far the process has been very straightforward. We are using USAA to handle the loan. Obviously if you're credit and debts are not in a place to be getting a loan you may have issues. However, for us its been going smoothly.

The recommended close time is 45 days, but it will usually take around 42. Be prepared to submit documents to the lender ASAP to prevent a delays and penalties. Items to submit are your signed purchase contract, proof of VA benefits, W2, paystub, as well as a copy of your earnest money receipt and daycare expenses if they apply to you.

Response by PO3 Melanie Ward made Jan 23 at 2020 9:34 AM

PO3 Melanie Ward — Thu, 23 Jan 2020 09:34:35 -0500

What interest rate does the VA offer for refinancing?

Response by SSgt Lorenzo Dixon made Jan 23 at 2020 9:52 AM

SSgt Lorenzo Dixon — Thu, 23 Jan 2020 09:52:32 -0500

Credit score is 550. Can I get a loan with a low score

Response by SPC Larry Stubbs made Jan 23 at 2020 10:23 AM

SPC Larry Stubbs — Thu, 23 Jan 2020 10:23:59 -0500

My wife and I are currently trying to re-finance our $310,000 home loan currently at 5.75%. I have not used my veteran loan benefit and when I asked our current loan office about it, she said we are better off going with a conventional loan at 3.875% as the rates are lower than the VA rate due to some kind of increased cost. I did not quite understand it. So, I am reaching out to you to see if that's true. Can you help?
Thank you, Larry Stubbs

Response by Sgt William Tust made Jan 23 at 2020 10:35 AM

Sgt William Tust — Thu, 23 Jan 2020 10:35:03 -0500

Yes, it was difficult and you say, "A pain" However: it was well worth it !! WDT in AZ

Response by PO2 Joseph Melchionne made Jan 23 at 2020 10:38 AM

PO2 Joseph Melchionne — Thu, 23 Jan 2020 10:38:23 -0500

yes it was denided

Response by PO3 Jd Smith made Jan 23 at 2020 10:40 AM

PO3 Jd Smith — Thu, 23 Jan 2020 10:40:22 -0500

I have financed a number of homes since 1975 utilizing VA loans. My current lender is Veterans United, Columbia, MO 65203 | [login to see] . They were great to work with from the very beginning and got me a great rate at the time; 4.25%. And, they took the initiative when rates dropped app 1 year after I moved in, offered me a lower rate of 3.75%. No out of pocket money, no closing costs, nothing! I know there are many lenders out there but these folks are fantastic to work with.

Response by LT Jason Sharon made Jan 23 at 2020 10:51 AM

LT Jason Sharon — Thu, 23 Jan 2020 10:51:01 -0500

It’s only as painful as your loan Officer is inexperienced. I’m not soliciting here, I’m a loan Officer that specializes in VA loans. As a broker I’m not tied to just one lender. Find a guy/gal in your local area that specializes and is a broker and has a great reputation online.

Response by Cpl Manny C made Jan 23 at 2020 10:54 AM

Cpl Manny C — Thu, 23 Jan 2020 10:54:34 -0500

I have and there is more paperwork than not using the VA, but in my opinion the benefits out way this issue. Interest rates tend to be lower, there is no required mortgage insurance and you can get the loan without the normal 20% down payment, even as little as $0 down. Once you have the loan I also believe that lenders are required to let you know when rates are 1 point below your current rate and allow you to do a low cost re-finance at the lower rate with the same remaining payments. I've done this twice.

Response by SGT Carlyle Seavers made Jan 23 at 2020 10:57 AM

SGT Carlyle Seavers — Thu, 23 Jan 2020 10:57:10 -0500

Not used

Response by SFC Mary Dellenback Hill made Jan 23 at 2020 11:21 AM

SFC Mary Dellenback Hill — Thu, 23 Jan 2020 11:21:19 -0500

Yes, I did in 1991, paid it off in 1996. Was living in Putnam Co. WV

Response by SPC Nancy Summers made Jan 23 at 2020 11:23 AM

SPC Nancy Summers — Thu, 23 Jan 2020 11:23:02 -0500

It was a pain for us! Took almost 10 months! Comparing the other rates out there though, it was worth it. I'm sure it was just because we have abysmal luck that ours was a horrible experience.

Response by SGT Michael Brandon made Jan 23 at 2020 11:39 AM

SGT Michael Brandon — Thu, 23 Jan 2020 11:39:44 -0500

i DID AND IT WAS WORTH IT!

Response by Sgt Rodney Lancour made Jan 23 at 2020 11:45 AM

Sgt Rodney Lancour — Thu, 23 Jan 2020 11:45:30 -0500

Hello. I live in Texas, 79109, I already have a open home refinancing loan. Can this loan be transferred to a VA refinance loan?

Response by PO2 Mark Baker made Jan 23 at 2020 11:55 AM

PO2 Mark Baker — Thu, 23 Jan 2020 11:55:57 -0500

Yes to all the above!

Response by LCpl Jack Hayworth made Jan 23 at 2020 12:02 PM

LCpl Jack Hayworth — Thu, 23 Jan 2020 12:02:22 -0500

who do I call to get a va loan?

Response by MCPO Russell Bibens made Jan 23 at 2020 12:22 PM

MCPO Russell Bibens — Thu, 23 Jan 2020 12:22:00 -0500

I have used VA for home purchases for 3 homes. Even refinance twice. Always been a great experience. It is extremely important that work with qualified and experienced VA qualified loan officer. They will do the important work for you.

Response by CMDCM Ed Mack made Jan 23 at 2020 12:34 PM

CMDCM Ed Mack — Thu, 23 Jan 2020 12:34:17 -0500

We have, and yes it is a pain due to the several questions that are asked, but this is usually done by all loaners. We think it depends on who you get the loan with. The last 2 we have gotten from the Navy Federal Credit Union have been particularly painful, due to non returned phone calls, claims that they never received messages, and absence of loan officers with temps not knowing the full loan story. It is one of the lowest, if not the lowest rates of mortgage.

Response by AN Sam Moring made Jan 23 at 2020 12:40 PM

AN Sam Moring — Thu, 23 Jan 2020 12:40:52 -0500

as a single guy, I can't afford the "family suburbia" home. I really wish the VA home loan would allow me to to get a manufactured home, which is in my price range.

Response by AA Josh Nix made Jan 23 at 2020 12:42 PM

AA Josh Nix — Thu, 23 Jan 2020 12:42:34 -0500

How does credit play in to the loan process. I have recently had to file bankruptcy because of divorce and need to build a house on the land i have

Response by LT Tom Grugle made Jan 23 at 2020 12:56 PM

LT Tom Grugle — Thu, 23 Jan 2020 12:56:07 -0500

I've used and reused my VA eligibility for 3 or 4 homes I've purchased over the past 30 years or so. No down payment made getting into a home much easier. I've also bought and sold homes using conventional financing. There was nothing easier or harder about a VA loan.

Response by 'Milly Combs made Jan 23 at 2020 1:54 PM

'Milly Combs — Thu, 23 Jan 2020 13:54:00 -0500

Totally worth it because you don't have to pay a lot of the normal fees for one thing

Response by PO1 Katherine Nelson made Jan 23 at 2020 1:54 PM

PO1 Katherine Nelson — Thu, 23 Jan 2020 13:54:26 -0500

Biggest pain for me is the waiting period for the VA appraiser! That's why your close takes 45 days compared to a normal close of 30 days!

Response by PFC Kevin Saul made Jan 23 at 2020 2:03 PM

PFC Kevin Saul — Thu, 23 Jan 2020 14:03:56 -0500

Response by PO2 Cat Hud made Jan 23 at 2020 2:12 PM

PO2 Cat Hud — Thu, 23 Jan 2020 14:12:37 -0500

I did for Alabama it was extremely easy

Response by PO3 Kevin Anderson made Jan 23 at 2020 2:25 PM

PO3 Kevin Anderson — Thu, 23 Jan 2020 14:25:21 -0500

No, but I did have a "government-assisted" home loan through my Credit Union. The Government agency decided to take control of my mortgage. The agency lost my payments, threatened to take my home. At this point, I had to take the money to the far-away offices and make payments in person. Still, there were rude people in the Offices and they refused to give me receipts for my payment. I had my CU buy back my loan as a regular mortgage(no Government Agency involved). Now I have an excellent credit rating and almost have my home paid off. I still have problems with keeping my house up...As I have been ripped off with Roofing, Plumbing, and electrical maintenance/repairs. I would like to buy a better house...But with markets, politics, HOAs, IDK.

Response by SGT Mike Serovey made Jan 23 at 2020 2:28 PM

SGT Mike Serovey — Thu, 23 Jan 2020 14:28:17 -0500

I got pre qualified, but I encountered problems with needing $2,000 for earnest money AND $500 for an inspection!

I was also FALSELY told that I need a 640 credit score in order to get a VA home loan.

Response by SrA "Woody" Clyde Woodard made Jan 23 at 2020 2:41 PM

SrA "Woody" Clyde Woodard — Thu, 23 Jan 2020 14:41:01 -0500

No , and don't know

Response by SGT Hector Tejeda made Jan 23 at 2020 2:41 PM

SGT Hector Tejeda — Thu, 23 Jan 2020 14:41:58 -0500

Very simple process, small out-of-pocket expenses, which gets returned at closing time. I highly recommend VA Loans. Especially now with low rates.

Response by CPL Michael Lizarraga made Jan 23 at 2020 2:50 PM

CPL Michael Lizarraga — Thu, 23 Jan 2020 14:50:04 -0500

I lost my VA home repossed, 21yrs ago. Can I requalify for a new VA home lone.

Response by SPC Phillip Redlinger made Jan 23 at 2020 3:06 PM

SPC Phillip Redlinger — Thu, 23 Jan 2020 15:06:14 -0500

I have used the VA homeloan program yes..it was quite simple really but I want to take advantage of a refi to help with a HELOC so I can improve our home it seems to be harder than anything else...even for a brand new home..ADVISE ON THIS WOULD BE GREAT ALL

Response by CPL Tania Griffin made Jan 23 at 2020 3:20 PM

CPL Tania Griffin — Thu, 23 Jan 2020 15:20:04 -0500

I am a Realtor in Georgia and I used mine! It wasn't anymore painful than a FHA Loan. It took a few more days than normal but I think it is worth it. You earned it use it! Plus you can use it more than one time!

Response by PFC Jose Zertuche made Jan 23 at 2020 3:38 PM

PFC Jose Zertuche — Thu, 23 Jan 2020 15:38:48 -0500

i have used it 2 time and it was very easy and i am going to buy a new home aging useing the VA home loan

Response by PFC Heather Holmes made Jan 23 at 2020 3:51 PM

PFC Heather Holmes — Thu, 23 Jan 2020 15:51:55 -0500

It was very frustrating for me. I may end up in foreclosure.

Response by Cpl James Cress made Jan 23 at 2020 3:59 PM

Cpl James Cress — Thu, 23 Jan 2020 15:59:00 -0500

I have not.

Response by Cpl James Cress made Jan 23 at 2020 4:02 PM

Cpl James Cress — Thu, 23 Jan 2020 16:02:17 -0500

Response by Cpl James Cress made Jan 23 at 2020 4:02 PM

Cpl James Cress — Thu, 23 Jan 2020 16:02:35 -0500

Response by SSG Hassan Banish made Jan 23 at 2020 4:17 PM

SSG Hassan Banish — Thu, 23 Jan 2020 16:17:39 -0500

I have a foreclosure on my first home lone back in 2014, Can I used the remaining of the VA loan to buy a new house?

Response by SP5 Joe Waczewski made Jan 23 at 2020 4:17 PM

SP5 Joe Waczewski — Thu, 23 Jan 2020 16:17:41 -0500

Do I need to get a VA Home Loan certification every year or can I just use the one that I have from 2019?

Response by AN Jerry Sanders made Jan 23 at 2020 5:27 PM

AN Jerry Sanders — Thu, 23 Jan 2020 17:27:05 -0500

This is my first time doing it.

Response by PO3 Kenneth Laurendine made Jan 23 at 2020 5:39 PM

PO3 Kenneth Laurendine — Thu, 23 Jan 2020 17:39:35 -0500

My Name is Ken, I have a home loan already , now in 30 yr mortgage, House, single family, i live in since 1998, at one time I had a VA loan, but currently is a conventional. I'm interested in refi to another VA if would benefit me. I am now 61 yrs old, close to trying semi retirement in say a year and some change, June 2021 im hoping. I'd like my existing mortgage affordable. currently 4.375 on my now mortgage, fixed. My payment is 568.00 with escrow included with this. So, with this I owe think 65,000.00, my house would appraise maybe 95,000 to 100,000 , but havent had an appraisal in long time. Please, give assistance to an refii agent to assist me in any help, Thank you,

Response by SN Paul Pitt made Jan 23 at 2020 5:43 PM

SN Paul Pitt — Thu, 23 Jan 2020 17:43:31 -0500

I am 79 and I am seeking to get out of California (to Arizona or Texas) to buy a lot or an existing home and park and RV trailer or van on it (to live in) is that feasible on a VA loan? I have a daughter in Phoenix and there is a VA in Phoenix. I am in good health. (California does not like veteran-gun owner-Christian and it is not a good place for an old fart of that cut of cloth). (you are just automatically a criminal in their way of doing things) Well I can get an Airstream or something like it for $100,000 or less! and a lot for $10,000 to $20,000 .. if there is not home it needs a septic field and awater and solar welecttricity.

Response by SPC Joseph Santos made Jan 23 at 2020 7:03 PM

SPC Joseph Santos — Thu, 23 Jan 2020 19:03:17 -0500

Response by SSgt Mark Harris made Jan 23 at 2020 7:12 PM

SSgt Mark Harris — Thu, 23 Jan 2020 19:12:57 -0500

Is Veterans United legitimate?

Response by MSG John N Costa made Jan 23 at 2020 7:51 PM

MSG John N Costa — Thu, 23 Jan 2020 19:51:55 -0500

Vwery Easy and painless. Go through NewDay USA.

Response by PO3 David Ervin made Jan 23 at 2020 8:05 PM

PO3 David Ervin — Thu, 23 Jan 2020 20:05:45 -0500

How is it possible to obtain a construction VA loan if I want to build a new home? And will they finance the home construction without me having to sell my existing home until after the home is ready?

Response by Sgt James Morris made Jan 23 at 2020 9:31 PM

Sgt James Morris — Thu, 23 Jan 2020 21:31:32 -0500

I would like to retire and sell my existing home in Connecticut and buy a house in possibly in Florida, but not having a full-time job (being retired) wouldn't that make it impossible to get a loan?

Response by SPC Karen Holcomb made Jan 23 at 2020 10:34 PM

SPC Karen Holcomb — Thu, 23 Jan 2020 22:34:03 -0500

Wow! Was this really posted 5yrs ago? Probably won't do much good to ask but here I am so may as well... Is there any VA Loan program that helps with getting like a HELOC or some other Home Improvement Loan? I mean, I own my home free and clear but stuff like my deck about to fall away from the house, and it's a very large deck, that I will have to close off and stop using soon needs rebuilt. I'd love to have more than single pane windows that actually open and new siding would be great. I got 2 estimates last year and went to the bank and was declined. It's not like I can't afford payments but with my credit being less than optimal and my neighborhood has lower property values they just said no. I don't need or want to move, I would just like to be able to fix that deck. The 3 items listed would greatly improve the value of my home, but I've been unable to find any Vets Program to help with anything other than buying or refinancing. Any of you guys have any options?

Response by CPO Robert Hanrahan made Jan 24 at 2020 12:50 AM

CPO Robert Hanrahan — Fri, 24 Jan 2020 00:50:55 -0500

Used Veterans United. Nearly pain free. Most difficult was emailing docs to lender from McDonalds. Our rented condo did not have internet

Response by SSgt Mary Dahlheimer made Jan 24 at 2020 7:52 AM

SSgt Mary Dahlheimer — Fri, 24 Jan 2020 07:52:01 -0500

I have used a VA loan for purchasing and refinancing. I have never had a problem. My husband has used his as well. And our son has used his. If you have it, use it. It is zero down. Everything is rolled in to the mortgage.

Response by CPL Chuck Hall Hall made Jan 24 at 2020 9:52 AM

CPL Chuck Hall Hall — Fri, 24 Jan 2020 09:52:32 -0500

can my daughters use the va loan pr0cess to by a house? i'm 100% disable vet

Response by PO1 Ronald Mcanulty made Jan 24 at 2020 10:56 AM

PO1 Ronald Mcanulty — Fri, 24 Jan 2020 10:56:15 -0500

never used VA for home loan. Current home paid for. Considering acquiring second home in South for Winter months

Response by SPC Abdul H Hassan made Jan 24 at 2020 11:52 AM

SPC Abdul H Hassan — Fri, 24 Jan 2020 11:52:46 -0500

I am a !00% service connected veteran, 80 yrs old and going to use va loan for the first time!
The condo is in San Diego and cost 700.000.00 My major income is from VA

Response by SPC Gianna Fimbres made Jan 24 at 2020 11:54 AM

SPC Gianna Fimbres — Fri, 24 Jan 2020 11:54:21 -0500

I don't even know where to start? I have Certificate, but have no idea who to talk to , how to get started to use it and are there specialists (Realtors) out there that can walk me through the process?

Response by CPL Tracy Zellars made Jan 24 at 2020 12:34 PM

CPL Tracy Zellars — Fri, 24 Jan 2020 12:34:08 -0500

It was my first home purchase, I was very satisfied with the process!!!

Response by SGT Luther Jacobs made Jan 24 at 2020 4:34 PM

SGT Luther Jacobs — Fri, 24 Jan 2020 16:34:06 -0500

Response by CPL Richard Spitzer made Jan 24 at 2020 5:38 PM

CPL Richard Spitzer — Fri, 24 Jan 2020 17:38:55 -0500

Bank does all the work. Make sure appraiser is VA certified

Response by SP5 Richard Kuether made Jan 24 at 2020 5:55 PM

SP5 Richard Kuether — Fri, 24 Jan 2020 17:55:42 -0500

I have a VA loan now for over 3 years. In my neck of the woods, mobile homes outnumber "regular" homes. 4 years ago when I was shopping for a home, I came across many mobile homes that fit my needs and that I wanted more than the home that I bought. I bought and had to settle for a home 4 or 5 down on my list because it was a "regular" home. The VA would not let me qualify for a mobile home. I believe this is the worst thing about going VA.

Response by A1C Roger Kopp made Jan 24 at 2020 10:27 PM

A1C Roger Kopp — Fri, 24 Jan 2020 22:27:15 -0500

It was a long time ago.
Very easy.

Response by SPC Joshua Patterson made Jan 25 at 2020 12:06 AM

SPC Joshua Patterson — Sat, 25 Jan 2020 00:06:41 -0500

I recently purchased my first house with a VA loan ( just a guarantee not the VA issuing the loan, some people, even some Realtors, don't know that). It is a pretty straight forward process, and in my humble opinion that is because the VA has nothing to do with it other than set regulations for lenders, and verify that individuals are eligible. The best piece of advice I can give you is, make sure that you work with a lender that specializes in VA loans. I went through 3 lenders before I bought my house because they didn't know how to qualify me, and they just kept pushing for a Conventional loan. Also, if you're a member of USAA, and you have decent credit, they literally specialize in providing veterans quality products and services for below market value. I'm currently using the VAIRRL to refi my house. Good luck.

Response by LTC Jason Mackay made Jan 25 at 2020 1:01 AM

LTC Jason Mackay — Sat, 25 Jan 2020 01:01:38 -0500

- Twice
- not a pain
- worth it unless you feel compelled to put down the down payment.

Get your statement of eligibility through the eBenefits dashboard. Find a lender and work with them. VA is really only underwriting the loan. You pay the lender the mortgage.

Response by SPC Lynda Gates made Jan 25 at 2020 5:08 AM

SPC Lynda Gates — Sat, 25 Jan 2020 05:08:56 -0500

Worth every bit of it

Response by CSM Darieus ZaGara made Jan 25 at 2020 10:14 AM

CSM Darieus ZaGara — Sat, 25 Jan 2020 10:14:56 -0500

There is no pain, it is simple. All Realtors understand the process. The advantage is saving a lot of money. Also, look for va centered loans.

Response by SFC Private RallyPoint Member made Jan 26 at 2020 8:11 AM

SFC Private RallyPoint Member — Sun, 26 Jan 2020 08:11:56 -0500

Besides being treated like a complete asshole by the lender the savings is worth the humiliating letter I had to write and sign explaining that; "I understand that this is a loan & that I do have to pay it back." Expect to be treated like a complete moron no matter what degrees you have over the idiot asking for this stuff.

Response by PO2 Januario Bais made Jan 26 at 2020 7:21 PM

PO2 Januario Bais — Sun, 26 Jan 2020 19:21:54 -0500

I need more info on buying a house in the philippines

Response by SR Private RallyPoint Member made Jan 26 at 2020 10:55 PM

SR Private RallyPoint Member — Sun, 26 Jan 2020 22:55:34 -0500

No. It was easy. YOU JUST NEED TO PAY ATTENTION TO WHAT THE BANK AND REAL ESTATE PEOPLE SAY! Read all the paperwork and just look before you leap.

Response by SP5 Michael Chism made Jan 27 at 2020 1:19 PM

SP5 Michael Chism — Mon, 27 Jan 2020 13:19:31 -0500

Just like to know if there is anyone who would allow me to get a home loan as my score sucks bad at 550 due to a recent divorce...not blaming her or anything but how is it that I cant get one and I'm 100 percent DAV...I understand that I dont seem to be credit worthy but sure was worthy enough to protect my Country yet others are able to get home loans ..not bitching just hate paying rent when I could be paying less for a mortgsge... if anyone knows how I could secure a hime loan without all the bull, and I dont have any bankruptcies and yet I heard people who have had bankruptcy get home loans...anyways I would greatly appreciate any advice/help..I'm in my 60s and running out of time...not young any more..please contact me if you can at " [login to see] "...thank you

Response by PO3 Rob Cline made Jan 27 at 2020 6:04 PM

PO3 Rob Cline — Mon, 27 Jan 2020 18:04:54 -0500

I've purchased three of my homes as I moved around the country. It has always been easy. If it's not then you are talking to an unqualified mortgage broker/banker.

Response by PO3 Ronald Sloan made Jan 27 at 2020 8:16 PM

PO3 Ronald Sloan — Mon, 27 Jan 2020 20:16:08 -0500

The 1st time it was now no one give a loan on my prefab home

Response by SN Ralph Johnson made Jan 28 at 2020 8:13 AM

SN Ralph Johnson — Tue, 28 Jan 2020 08:13:55 -0500

yes, no, yes

Response by SGT Andrew Patterson made Jan 28 at 2020 3:18 PM

SGT Andrew Patterson — Tue, 28 Jan 2020 15:18:58 -0500

I'm in the process right now and it's awesome so far. Even with my extremely low income I was approved due to the fact that I won't have to have a down payment or PMI and very little if any closing costs.

Response by 2d Lt Private RallyPoint Member made Jan 28 at 2020 5:57 PM

2d Lt Private RallyPoint Member — Tue, 28 Jan 2020 17:57:48 -0500

a lot depends on the experience of your loan broker...

Response by CPL Joseph Miceli made Jan 30 at 2020 8:59 AM

CPL Joseph Miceli — Thu, 30 Jan 2020 08:59:11 -0500

Has anyone borrowed money for a major home renovation from veteran friendly organizations?

Response by PV2 Oscar Morgan made Feb 1 at 2020 11:39 AM

PV2 Oscar Morgan — Sat, 01 Feb 2020 11:39:31 -0500

I have not use it

Response by SPC Peter Miller made Feb 6 at 2020 4:34 AM

SPC Peter Miller — Thu, 06 Feb 2020 04:34:01 -0500

Response by MAJ Ken Landgren made Feb 6 at 2020 1:54 PM

MAJ Ken Landgren — Thu, 06 Feb 2020 13:54:01 -0500

Try to see if you can pay a little more a month. Look into paying half twice a month. Look into making an extra per year. Those will significantly decrease the years off your mortgage.

Response by CPL Rita Reyes made Feb 7 at 2020 12:18 PM

CPL Rita Reyes — Fri, 07 Feb 2020 12:18:51 -0500

It is worth it. I put $500. in Escrow for my house. I had to pay for a VA required inspection of the home. My realtor did everything else. I told her to have the owner pay any closing cost and they did.
After the inspection, The owner had to correct anything that was wrong and I also new what I was buying. Always! Always! cover your back and get a home owner warranty such as Choice, it's that extra little insurance that help in the event of appliance, plumbing, air or heat breaking down.

Response by Carol Moore made Feb 15 at 2020 2:36 PM

Carol Moore — Sat, 15 Feb 2020 14:36:57 -0500

Yes

Response by Sgt Thor Berge made Feb 22 at 2020 1:47 PM

Sgt Thor Berge — Sat, 22 Feb 2020 13:47:43 -0500

Refinance home loan primary residence

Response by A1C B Jones made Feb 22 at 2020 5:54 PM

A1C B Jones — Sat, 22 Feb 2020 17:54:16 -0500

How long do you have to serve to apply for a VA loan?

Response by PO3 Jon Watkins made Mar 8 at 2020 10:19 PM

PO3 Jon Watkins — Sun, 08 Mar 2020 22:19:19 -0400

There will always be hurdles to jump.

Response by SSG Lonny Self made Mar 17 at 2020 11:49 AM

SSG Lonny Self — Tue, 17 Mar 2020 11:49:34 -0400

Yes and it is worth it long as you have verified income and good credit just what ever you do buy what you want to in sure the market supports the price and make sure of the taxes land rights what they are and local laws where you buy , and know when you get done paying down the down payment your good with VA at that point and if you feel like refinance I would not unless you get at least 2 points because in times like this interest rates dropped so far that most the time not always you get a automatic drop to current low

Response by Sgt Joey Larocque made Mar 17 at 2020 6:00 PM

Sgt Joey Larocque — Tue, 17 Mar 2020 18:00:13 -0400

definitely worth it.....

Response by PO3 Leland Reid made Apr 1 at 2020 7:40 PM

PO3 Leland Reid — Wed, 01 Apr 2020 19:40:15 -0400

Why cant I borrow for vacant land to add to my farm no house there

Response by SGT Private RallyPoint Member made Apr 2 at 2020 1:05 AM

SGT Private RallyPoint Member — Thu, 02 Apr 2020 01:05:41 -0400

Response by SFC Daniel Eliseuson made Apr 2 at 2020 3:08 AM

SFC Daniel Eliseuson — Thu, 02 Apr 2020 03:08:37 -0400

Refinance manufactured residence

Response by PO2 Connie Thompson made Apr 8 at 2020 9:58 PM

PO2 Connie Thompson — Wed, 08 Apr 2020 21:58:45 -0400

Personally speaking it's a good experience in all aspects. My spouse and I bought and paid for our first home thanks to a VA Loan. After losing my spouse in a car accident, I relocated to a different state to be near family. Their I purchased a second home using a VA Loan. As long as you make your paments on time, you'll have no trouble. That's how it is with any loan, but VA has the best interest rates!

Response by CPL Collins Hope made Jul 21 at 2020 8:51 AM

CPL Collins Hope — Tue, 21 Jul 2020 08:51:22 -0400

buyer beware

Response by SGT .Sheila Walker made Jul 21 at 2020 9:11 AM

SGT .Sheila Walker — Tue, 21 Jul 2020 09:11:00 -0400

Please call me asap [login to see] ,I need your help with finding a new place to rent, I have until August 1 to be out this house,please help me

Response by SSG Shyronda Boose made Jul 24 at 2020 6:07 PM

SSG Shyronda Boose — Fri, 24 Jul 2020 18:07:16 -0400

The VA guarantees the loan amount you still must qualify. The earnest money sometimes is waved or you will get it back at closing.

Response by Sgt David Martinez made Aug 11 at 2020 8:21 PM

Sgt David Martinez — Tue, 11 Aug 2020 20:21:30 -0400

Is there any grants to use for VA home loan?

Response by PO3 Kevin Anderson made Sep 2 at 2020 8:08 PM

PO3 Kevin Anderson — Wed, 02 Sep 2020 20:08:29 -0400

No help there, No help then, and no help now. I have talked typed and texted. I believe it is another "insider thing". If you have the "right Friends", they can "connect you. If not...You are left out for the "Con-men" who take your money and still leave you out in the cold. The same as it is with other lenders with connections...People pay, but it is never enough. Then they take your home once they have bled you and yours dry. All a con that is supported by insiders in the Government...