If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
I am also a Veteran and love assisting Veterans. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
If my response was helpful, consider clicking Thank, Link or Best Answer.
VA Mortgage Loans are available today for both honorably discharged Vets and active duty military personnel. Here are some of the great features of this fantastic program:
WHAT ARE THE BENEFITS?
- Up to 100% financing, with no down required.
- No monthly mortgage insurance added to your payment.
- More lenient credit qualifying standards than other types of mortgage loans.
- Low rates compared to other loan programs.
WHAT WILL YOU NEED TO BE APPROVED?
-Order your Certificate of Eligibility. A Florida VA loan lender can order your COE quickly for you, or you can go directly to the VA to obtain a copy. If discharged, you will need your DD214. The next step is to get pre-approved with an experienced VA lender.
-2 years tax returns
-Last 2 paycheck stubs
-Last two bank account statements
-600+ credit score (typically 640 is what most lenders look for)
-Same line of work for the past two years
-Money for closing costs
Please contact me and I will put you in touch with the best VA lender!!!
Andrew 954-394-7185 (prefer text first)
VA disablity compenstation is not only usable but as Shane stated, but as a nontaxable income, we would use the $4000 plus another 25% of that on top ($5000) as income for you.
You will not need to pay/finance a VA funding fee due to the following:
â€¢Veterans receiving VA compensation for service-connected disabilities.
â€¢Veterans who would be entitled to receive compensation for service-connected disabilities if they did not receive retirement pay.
This is a great opportunity for you. Zero down payment and no VA funding fee to add onto your loan.
By my estimates you qualifiy for a $400k purchase (with zero down payment).
We can get your closing costs paid for by the lender, as well.
You should not have to use much cash out of pocket!!
My direct email is: firstname.lastname@example.org if you would like more detail!
If you have sufficient VA eligibility you can use a VA mortgage to purchase your home. Down payments aren't required on VA mortgages, but if you are not exempt from the VA funding fee then a down payment can help reduce the amount of the funding fee. You can go to https://vip.vba.va.gov/portal/VBAH/Home and register, and then request your own Certificate of Eligibility which will say if you are exempt from the VA funding fee (if you are receiving VA disability income then there is a good chance you would be exempt) and also it'll list how much VA entitlement you have.
FHA mortgages are also an option, but they require a 3.5% down payment, have an upfront mortgage insurance premium (similar to a VA funding fee) that cannot be waived, and also has a pretty high monthly mortgage insurance amount, so your monthly mortgage payment for the same sales price would be more with an FHA loan. Conventional financing is also an option, but like FHA financing there is mortgage insurance. VA financing usually is the best financing option if it is available to you. Let me know if you'd like to discuss.
Shane Milne | Lending in all 50 states | NMLS #81195
Best of Luck,