Good Morning. I am a native Alamedan who has been a Broker here for over 26 years as well as being a Director for the California Association of Realtors, the largest trade association in the U.S., since 1993.
I have handled VA loans here and everyone's advice to you is correct. Get approved by a good Mortgage Consultant such as Claudia Gravelle, who is very knowlegable in VA loans. This is the very first step for you to take in order to proceed in purchasing a home. It is a competetive market right now but that doesn't mean you cannot purchase a home.
Please contact me if you are not working with a Realtor if you need any other help and good luck to you in finding your future home.
It doesn't take much to get qualified but you need a lender and a Realtor who have completed these types of transactions so you and your family are not disappointed because no one knew what they were doing.
Please email me if you like to discuss in detail. I am in DC right now but will be back Tuesday.
Thank you for your service and good luck.
Once you have that certificate and a pre-approval, it's time to hire a Realtor who can help you locate the right house for you.
Good luck and thank you for your service.
I live in Alameda and very much in tune with our market. Do note that in many cases, if the property shows well, is in good condition and priced properly, it will receive multiple offers, and probably even over-bidding.
Having a VA loan may put you in a certain disadvantage because of the stringent rules of VA lenders and the length of time it may take to close escrow. VA lenders (like FHA) have many requirements such as fixing certain things that sellers may not be inclined to do. Other buyers may have more aggressive terms (higher down payment, shorter time periods, AS IS purchase) that are attractive to sellers.
Talk with Garrick Werdmuller with First Priority Financial, 510 282 5456 Info@Garrick.biz. He can help you with your VA loan.
Call me if you have questions. 510 205 2992
This way you know exactly how much home the price of the home you search for should be.
Make certain that you have your DD214 (or access to it).
Make contact with a local (I am in Fremont) lender who knows VA mortgages (me!) and have them get your loan set up and ready to go.
Once in place, about a week, its time to find that real estate agent you trust to find the home of your dreams!
Happy House Hunting!!
PS: VA has no minimum credit score.
And youcan get into the home with zero down payment!!