Are you currently serving, have served, and/or retired from the Army, Navy, Marines, Air Force, or Coast Guard? If so, then you may be eligible to purchase a home with zero money down. The United States Department of Veterans Affairs offers service members their Loan Guaranty Service, Home Loan Program which real estate brokers and mortgage officers abbreviate as VA financing.
As mentioned, VA financing allows service members to buy a home with zero down payment. That translates to virtually no out-of-pocket money to purchase. To determine if you have VA eligibility it’s pretty straight forward:
If one of those four criteria is you then likely you qualify for a VA home loan.
What is the funding fee, the amount a Veteran is required to put down and if they are exempt.
An item a mortgage broker will need to verify eligibility is a Certificate of Eligibility. Before the web it was a pain and sometimes troublesome get obtain the Certificate of Eligibility but now just visit the VA’s Benifits website to retrieve yours. Also, most mortgage brokers will be able to retrieve it as well to save you time.
*Note: VA limits are $500,000 for Snohomish County but if a home is purchased in a higher amount the buyer just has to make that difference up in cash.
WHY RENT? Move-In Ready! Cute and clean 3 bedroom, 1 full bath rambler with fully fenced yard. Detached oversized one car garage with storage space. Beautiful kitchen wit...
Listing courtesy of Daily Realty Group LLC.
Welcome to the attractive Wildwood Community! Move in ready 1 bed 1 bath nice home close to Fred Meyer, Starbucks, restaurants, Alderwood Mall, Costco, H Mart are and mor...
Listing courtesy of WeLakeside.
Central Marysville single story fixer on 1/3 acre with huge detached garage/shop, here's your chance to earn sweat equity and have an in town oasis, Great location perfec...
Listing courtesy of MacPherson's RHB.
LOCATION!Charming historic Craftsman on a double lot!It's hard to find many at this price! Home is located in an established historic neighborhood.A covered front porch g...
Listing courtesy of Keller Williams Realty Bothell.
Opportunity for sweat equity- "good bones" tri level on over 3/4 acre near Lake Ki! Come in and update to your own taste and enjoy the rewards! Situated on dead end road,...
Listing courtesy of Windermere Real Estate JS.
Contact Joy Blodgett to discuss the best home loan option for your purchase, if you're wanting to refinance, pull cash out, or do a new construction home loan by clicking here.