Carl A. Spaatz Center for Officer Education, Air University
I just recieved notification that I have been approved for a VA backed home loan, and I have never attempted to purchase a home before. Is there any experience and wisdom y'all can shed on next steps into owning my first home? I've looked into a first time hone buyers program as well, however I am very lost. Thank you in advance for your help and support!
Posted 1 mo ago
I have used VA loans several times. my current refinance was a VA loan. Once you decide to buy a house, and tell the agent your choice of lender, you tell the lender you want a VA loan. Thats pretty much the end of your issues with a VA loan. The rest is the same as any other loan. There is no VA lender. You still have to qualify through your chosen lender, the VA loan simply allows them to more easily qualify you and has stipulations on what you are to pay for, usually in your favor. Your appraisal will have to be with a particular company not just any appraisal company.
spend the money to get a top notch home inspection done before you buy. It could save you thousands in repairs down the road. Lots of shady people out there who will do half-ass cosmetic fixes to cover serious structural or other issues in order to sell. Friend of mine bought a house about a year ago and went cheap on the inspection. Couple months after he moved in he had to have both the plumbing and wiring completely redone. Cost him $10K.
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