Posted on Sep 2, 2020
PV2 Robert Haffly
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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!
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1SG Electrical Systems Planner Scheduler   Water/Wastewater Utility
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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.
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PV2 Robert Haffly
PV2 Robert Haffly
1 mo
Thank you 1st sarge, I should be going through a real estate agent then.
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LTC Hardware Test Engineer
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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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PV2 Robert Haffly
PV2 Robert Haffly
1 mo
Oof. Is that not something that I could do since I'd then own said house? Or does it have to be by a licensed contractor?
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LTC Hardware Test Engineer
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1 mo
PV2 Robert Haffly - the issue is, once you own the house, you own the problem. If you get an inspection prior to purchase then the problem is still the seller's problem and you have options. You can either ask them to come down on the price or make the needed repairs prior to purchase. Like I said, shady people out there. It's worth the money you'd pay an inspector to avoid getting screwed. And don't rely on an inspection done by someone hired by the seller, again...shady people. And unless you are a contactor yourself, you make not notice signs of problems that a professional would pick up on. And if the seller is reluctant to allow you to get an independent inspection, run as fast as you can in the opposite direction
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SGM G3 Sergeant Major
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If you are a USAA member, you can contact them, let them know you want to do your VA home loan through them, and they can set you up with a USAA-approved real estate agent in your area.
And the rest is a pretty smooth process.
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PV2 Robert Haffly
PV2 Robert Haffly
1 mo
Thanks sgt maj
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