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Pretty self explanitory, Has anyone here used the VA to buy a home? If so, was it a pain and is it worth it?
VA Loan
Loans
Department of Veterans Affairs (VA)
Posted >1 y ago
Responses: 227
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PO2 Bob Marion
Credit score has nothing to do with your VA Certification. Its easy to get and does not expire. Once you are ready to purchase, its one less thing to worry about. Good Luck
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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.
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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.
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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
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CAPT Victor Malone
In the 1980's it was one time use, for us old timers. Now you can use the VA loan repeatedly, the only limit is eligibility on your VA certificate of eligibility. Get in touch with a vetted VA broker at VETTEDVA facebook group, you'll get in touch with a local broker who can educate you first before you buy again to maximise the benefit. Good luck!
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Years ago I have, I am divorced now and on my own and need a house of my own though.
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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
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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.
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CAPT Victor Malone
There is also a benefit to putting money down on a VA loan. The funding fee drops from 3.6% to 1.65% for 5% down, and further drops to 1.4% for 10% down. With a lower interest rate and no mortgage insurance, this is still by far the best way to go if you don't have a disability rating and have to pay the funding fee.
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