Ohio Loves Veterans

02/01/2022

REASONS TO USE YOUR VA BENEFIT

No down payment required
VA funding fee may be financed in the loan
VA Loans do not require perfect credit –there is no credit score cut-off
VA funding fees may be waived for Veterans with service-connected disabilities and surviving spouses of Veterans with service-connected disabilities
Closing costs may be shared between the buyer and lender
Flexible mortgage types – fixed, hybrid and traditional ARMs
No mortgage insurance premiums – this is huge in today’s housing market
VA guaranteed mortgages are assumable
No pre-payment penalties
Homes are inspected and appraised by VA prior to approval and/or during construction
VA can offer assistance to Veteran borrowers in default due to temporary financial difficulty
Refinance and Interest Rate Reduction loans are available

The pros far outweigh the cons. There are very few “no-down payment” mortgage options around that offer lower associated rates and fees, using your VA home loan benefit seems like a no-brainer.

02/27/2018

As we head into spring and summer there are no signs that things are getting easier to land your dream home. Inventory of homes for sale remains at record lows and having us on your side during the process will increase your chances of being the accepted offer !

07/11/2017

06/02/2017

Homes are selling fast with Multiple offers the first day on the market. Some folks have been making offers and shopping for a home for 6 months with no luck on landing that contract. Just having a pre-approval is not enough to land the contract on your dream home! Let us increase your chances of being the offer that is accepted - get started and contact us today!

03/01/2017

This tool is very helpful.

What could happen to your house payment if you wait too long to purchase?

02/21/2017

VA Loan Eligibility Requirements
To be eligible for a VA Loan, veterans, active duty service members, National Guard members and reservists must meet the basic service requirements set forth by the Department of Veterans Affairs. Spouses of military members who died while on active duty or as a result of a service-connected disability may also be eligible.
It's ultimately up to the VA to determine eligibility for the home loan program, but prospective borrowers can get a good idea by looking at the VA's basic eligibility guidelines.

*You may be eligible for a VA Home Loan if you meet one or more of the following conditions:
• You have served 90 consecutive days of active service during wartime,OR
• You have served 181 days of active service during peacetime,OR
• You have more than 6 years of service in the National Guard or Reserves,OR
• You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

02/10/2017

The VA loan is the most forgiving program out there for home ownership. If you are facing credit issues or mistakes still haunting you from the past then the sooner you get started fixing - the better! We have helped guide thousands of Veterans through credit repair and if you are prepared to do some heavy lifting - we will provide you the plan to get you there! Let us know how we can help.

02/01/2017

A lot of Veterans ask me if their Benefit is a one time use or express that since they used this benefit once already they do not think they can use it again! Let me clear the air on this question - you can use your VA mortgage Benefit as many times as you want! You earned it - it's yours and as long as you did not lose it (because this is possible) then use it over and over again!

01/29/2017

What is a VA Loan?

In 1944, the U.S. government created a military loan guaranty program to help returning service members purchase homes. The result, the VA Loan, is a mortgage loan issued by approved lenders and guaranteed by the federal government. Since its inception, the VA Loan program has helped place more than 20 million veterans and their families into an affordable home financing situation through its distinct advantages over traditional mortgages.

Today, the VA Home Loan program is more important than ever to service members. In recent years, lenders nationwide have tightened their lending requirements in the wake of the housing market collapse, making the VA Loan a lifeline for military homebuyers, many of whom find difficulty when faced with tough credit standards and down payment requirements.

01/27/2017

Let's not forget about it these heroes!

01/25/2017

Ever hear the term JUMBO MORTGAGE? This would be a loan amount that exceeds established county/city limits set by the Federal Housing Authority. Currently these limits for MOST place across the country are $424,000 with the exception of higher cost areas - think New York! A JUMBO mortgage is typically more expensive and will require a larger down payment. Your VA benefit allows you to finance WAY above these limits and although you are still required to put a down payment of 25% of the amount above your area limit, this is often MUCH less than a JUMBO mortgage and with rates that are considerably better!

01/04/2017

Loan amount maximums have been increased to $424,000.00!

2017 marks the first time in a decade that there has been an increase in Maximum Loan amounts. With interest rates still low and your buying power higher than ever, 2017 is a great year to buy that dream home!