5 Steps to a VA Home Loan

Discussion in 'Economy' started by longknife, Jan 25, 2013.

  1. longknife
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    longknife Platinum Member

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    by Kristine @ veteranjournal blog

    [​IMG]

    Read more @ 5 Steps to a VA Home Loan | Veteran Journal | veteranjournal.com

    What this DOES NOT INCLUDE are two important things. First, YOU most likely will have to pay for the home/pest inspection. You can ask the seller to do it, but most won't. Then, YOU have to pay to have a VA assessor come and determine the appropriate value of the home – the maximum amount the VA will pay for the property. It the house is selling for a higher price and the seller won't come down – YOU PAY THE DIFFERENCE. So, there is no such thing as a “guaranteed” $1 down VA loan.Be careful and ensure your realtor comes clean on this stuff.

    Oh yeah – one more things. You credit score. The VA is very tough on this. If your score sucks, they might try to talk you into paying too much $$$$ to “repair” your scores. Do a little research and you will discover you can do the same thing FOR FREE.

    :cool:
     
  2. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Those conditions are typical of any home loan.
     

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