The VA Home Loan is out there, waiting for you to take advantage of all the benefits it has to offer. There’s only one problem; you aren’t sure you are ready to own a home. Sure you have thoughts of obtaining that part of the American Dream, but you are worried that you may not be able to afford it, or you aren’t confident enough to move forward. Or maybe you are sick of dealing with a lazy landlord, or tired of finding your roommate’s socks in your laundry! Here are some signs to help you know if you are ready to buy a home:
While the VA Home Loan provides some of the best financial assistance to veterans, there are so many other private and public benefits available to those who have served. From health care to additional financial help, we have outlined some of the best programs available below:
We have blogged at length about the many benefits of the VA Home Loan and how these government-backed mortgages are considered the most flexible products available. However, they are also a very specific product with unique guidelines. We have outlined some of the potential obstacles to avoid when purchasing a home with the VA Home Loan benefit.
Veterans and active military families eligible for a VA Home Loan have the opportunity to use the benefit more than once. In fact, those who qualify can use it several times. The only limitation set by the VA is that the loan can only be used on one home at a time.
Recently, the VA modified its law regarding surviving spouses and their eligibly to utilize the VA home loan benefit. A widow may now qualify if the veteran was rated completely disabled and eligible for compensation prior to death of any cause. The veteran’s death no longer has to be duty-related which allows for many more surviving spouses to utilize this benefit.
If you are thinking of using your VA loan benefit to purchase your first home, but are worried about the financial challenges, you are not alone. However, chances are using your benefit to buy a new home can be a solid financial investment. We’ve answered the top 3 most common questions of first time Veteran homebuyers:
As we prepare to celebrate the 4th of July, it’s important to remember the many ways in which we can honor our Veterans during this special holiday. These small gestures will make a big difference in the lives of those who sacrifice to protect our freedom:
If you are planning to move, it may be important for you to know the property tax exemption options in your future home state!
Almost every state in the U.S. offers a property tax exemption of some sort to Veterans, some offering even more to Veterans with disabilities.
Read on to find out the property tax exemptions in each state. Information is subject to change at any time, please check with your state regulations for the most up-to-date exemption information.
In some cases, it may be necessary to include a co-borrower on your mortgage to help with the financial obligations that come with owning a home. While co-borrowers are typically spouses, they do not have to be. If you are an eligible veteran and are considering a co-borrower, there are two types of people who qualify; spouses and veterans. Read More
- How to Support Troops for the HolidaysDecember 7, 2018
- How to Honor Vets this Veterans DayOctober 26, 2018
- Operation Welcome HomeOctober 18, 2018
- VA Loans for the Self-EmployedOctober 11, 2018
- Military Direct Mortgage Partnership Announcement: SOLDIER ONOctober 4, 2018