The $36,000 is the amount of the loan that the VA will guarantee the lender in case of a default on the mortgage. A lender will use that informatio as well as your income and credit to determine the maximum loan that you qualify for. $36,000 is not the maximum loan amount.
There are several stages that homes go through when they are on the market.
Active: Means that it is on the market and they are actively seeking for offers on the home.
Contingent: Means that an offer on a short sale has been accepted by the owner/seller and it has been submitted to the lender(s) who currently hold the mortgage on the home. The lender(s) have to approve the short payoff since the sale will not generate enough to pay them off in full. This process may take over a month.
Pending: Means that the offer is fully accepted and does not need any bank approval to sell the home
Sold: Hurray!! the transaction has been completed and the home is yours!!
Taxes will be brought current at the close of the escrow and the title company will insure that taxes are paid and up to date.
If you need an agent to help you through the steps of buying a home I would be very glad to help you. I work with lenders who do the VA loans and can help you and your husband get pre-approved for a mortgage then we can look for the home that works best for you.
I am never too busy for your referrals
The San Diego Property Shop
CA DRE # 00648687