Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

First Time Home Buyer Va Loan All Locations : Nationwide Real Estate Advice

  • All698K
  • Local Info59K
  • Home Buying256K
  • Home Selling42K
  • Market Conditions26K

Activity 2,180
Showing results for First Time Home Buyer Va Loan [Clear search]
Mon Apr 1, 2013
Jesus Soto answered:
You came to the right place.
I can certainly help you and have a great powerpoint presentation to email you.
Your search starts in two parts.

Call/email/text me for more details so we can start you on your path to being a homeowner!
Congrats on starting your journey to becoming a homeowner!

Very Respectfully & Military Veteran,

Jesus Soto
Exit Realty Partners II
... more
0 votes 12 answers Share Flag
Thu Sep 19, 2013
Barbara Martin answered:
I know of one builder offering that. I may be able to help you on that. Please call me directly at 404-583-8708. Thank you so much
0 votes 3 answers Share Flag
Wed Sep 11, 2013
Shirley Smith answered:
The exact date of the 2010 foreclosure is important. You must have some credit to improve your credit score.. You need a home buyer plan. find a lender who will assist you with a step by step plan to improve your credit score. ... more
0 votes 4 answers Share Flag
Fri Jan 13, 2017
Thierry Abel answered:
How much do you need?
Is this an Owner Occupied, Single Family Residence?
Purchase or Refi?
Credit Score
0 votes 18 answers Share Flag
Fri Mar 29, 2013
Rodney Mason answered:
Hi Ella,
I do not suggest doing lease purchases. There are simply way too many things that can go wrong with one from either side.

In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.

If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.

The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.

It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.

Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options to see if purchasing might be a possibility for you. To get Pre-Qualified for your purchase, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 1 answer Share Flag
Mon Apr 1, 2013
Michael Hammond answered:
Not sure, Homebuyer11, how competitive we can be in any given market situation where there are plenty of agents and not plenty of homes listed that meet your specific criteria. If you need to discuss further, please contact me at your convenience. Good Luck!

Michael Hammond
... more
0 votes 9 answers Share Flag
Thu Feb 20, 2014
Dave Skow answered:
no , not unless you are eligible for a VA loan
0 votes 14 answers Share Flag
Wed Apr 3, 2013
Tyler Willis answered:
Hi Alba,

There are plenty of neighborhoods that would fit what you are looking for. For someone to give you solid advice would require a bit more in depth convo as to what your needs may be.

I'm sure you will get plenty of comments and advice here as to what neighborhoods may be around, but like I said; a more in depth conversation is needed.

Since you are new in town I would be happy to hold that conversation with you and take you along on a tour of Atlanta and what different neighborhoods have to offer.

Tyler Willis, REALTOR®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
Office: (404)541-3500
Direct: (678)656-5524
... more
0 votes 27 answers Share Flag
Thu Sep 15, 2016
stephen webber answered:
Hi Cris

Your first step is to find and indentify an experience ethical loan officer and lender who offer all of the loan types.
Gather up information from reliable sources first. Remember you will be dealing with sales people and often loan officers will offer only the loan types offered by their lender.
At you will find an article, Consultation, Interviewing Loan Officers that will serve you well. Also a Series of articles that will guide you step by step to gather all of the information needed to effecively interview a loan officer. After you have gathered all your information you will find loan officers and real estate agents on Trulia offering their services. A very good source.
You will find you can buy much sooner than most realize.

Best of Luck, Stephen
... more
0 votes 22 answers Share Flag
Tue Apr 9, 2013
Enyinna Ezeife-Oshakuade answered:
Getting financing, appropriate for you needs, in place would probably be a good place to start. I have a mortgage person who does a lot of work with the 1st time buyer down payment assistance programs in the area. Feel free to contact me using the info. below let's discuss.

God bless,
Enyinna Ezeife-Oshakuade
Associate Broker
Keller Williams Realty
Licensed R.E. Broker in MA & TX
*Making dreams come true.
... more
0 votes 7 answers Share Flag
Mon Oct 31, 2016
Scott Godzyk answered:
Sam start by getting prequalified with a local and trusted loan officer and hire a good buyer broker who will guide you through each step of the buying process. Havuing a good buyer brioker and a good loan officer can sure reduce the stress ... more
0 votes 24 answers Share Flag
Fri Jun 28, 2013
Tony Grech answered:
Assuming you have re-established credit and meet the other qualifications, you can apply for an FHA loan 3 years after the date of the deed transfer. This could either be the date of the sherriff's sale or when the house was deeded to the new owner. It really depends on how your individual foreclosure was handled.

You would have to provide this documentation to a lender so an underwriter can make this determination. Either way it looks like you should be in the clear by June at the latest.

Feel free to give me a call or email me if you'd like assistance with the process.


Tony Grech

Loan Officer -NMLS #966417

WCS Lending, LLC
... more
0 votes 6 answers Share Flag
Fri Mar 29, 2013
Robert Chomentowski answered:
It can be harder because unfortunately many listing agents are misinformed about VA loans. The only difference with a VA loan is you need a termite clearance. There is NO other difference from a 20% down conventional loan. VA loans are not any slower and do not require any more repairs then a conventional loan. Try to have your buyers agent get this across the listing agent. It's a shame what is going on out there with sellers not taking VA offers. ... more
0 votes 10 answers Share Flag
Mon Mar 25, 2013
Roswell Moore, answered:
Yes you can buy a home without an an agent, but it could be risky. Call a couple of Title companies & ask them if they help FSBO transactions. They should be able to set everything up for you.

You may also want to consider paying a Realtor to process the paperwork for you since it sounds like the seller does not want to pay for a Realtor's services. There are a lot of potential pitfalls you could be walking into without protection. Usually the Realtor will do this for a minimal fee since you have found the house.Find a title

Good luck with your purchase,

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required), HARP 2.0 - No Appraisal Required for Refinance for Underwater Home Values, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
... more
0 votes 14 answers Share Flag
Mon Mar 25, 2013
Alain Picard answered:
One thing that you can do is ask the seller to pay for some of your closing costs.
0 votes 8 answers Share Flag
Mon Apr 1, 2013
Kristina Bartlett answered:
Hi Kristi,

Welcome to Spokane! There are lots of different neighborhoods in this area that would be worth exploring so it depends on what you're looking for in a community.

If you like to walk to parks, shopping and restaurants and love older homes, the South Hill would be a great place to start.

If you love beautiful views and being close to a lake and golf courses, than Liberty Lake would be a wonderful place to look into.

If you'd like to be close to Fairchild AFB than there are some nice newer construction neighborhoods in Airway Heights, Medical Lake and Cheney.

If you want to send me some information on what it is you're looking for I'd be happy to start a search for you! And just so you know, I work for the only Exclusive Buyer's Agency in the area, so if I were to help you find a home than you would be able to be confident that there wouldn't be any conflict of interest or dual agency involved.
... more
0 votes 14 answers Share Flag
Sun Mar 24, 2013
Stephen McRory answered:
Move on and stop chasing these Clown Car Full of Horrors Short Sales that don't close! All that time you were waiting on that property, the other homes have gone up in price!

Find a good Foreclosure or Re-sale that can close...and close asap!

See programs below, then contact me to talk about how to minimize payments and reduce out of pocket costs.

1) 100% LTV- VA / (VA Jumbo @ lower ltv)
2) 100% LTV- USDA/12 mo. into Chapter 13 BK…OK Too
3) 99% LTV- FHA / (FHA to 580 score @ lower ltv)

4) 97% LTV- No monthly MI-No FHA 1.75% Fee
5) 95% LTV- CONDO
6) 90% LTV- No PMI -2nd Home
7) 90% LTV- JUMBO w/cc
8) 85% LTV- No PMI - Super Jumbo
9) 80% LTV- Invest./Rental
10) 75% LTV- Foreign Nationals

--------STATED INCOME ALT up to Super Jumbo-----------
11) 80% LTV- FIX n’ FLIP Invest. Prop.
12) 75% LTV- Foreign Nationals
13) 75% CLTV- Short Sale, BK, Foreclosure Forgiveness
14) 70% LTV- Soft and Hard Money
16) COMMERCIAL PROGRAMS-available nationwide

Go to: WWW.PRO-OPTION-COM or call 888-662-4404

Steve McRory
Pro Option Mortgage/ Florida

Prior Service U.S. Marine Corps
... more
0 votes 8 answers Share Flag
Thu May 29, 2014
Anna M Brocco answered:
When shopping for a home, be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. Generally a pre-approval means that the lender is ready to make the mortgage based on the information/documentation provided at the time; whereas a pre-qualification generally is an estimate of how much can be borrowed based on your information. ... more
0 votes 12 answers Share Flag
Tue Mar 26, 2013
Cindy Davis answered:
There are only two loans that I know of that require nothing down The first is the VA loan, and the second is a USDA loan for some rural areas...otherwise, FHA (with 3.5% down) is your best bet. ... more
0 votes 5 answers Share Flag
Thu Mar 21, 2013
Rodney Mason answered:
Hi Jocelynn,
All loan programs today require a verified continuous 24 month employment history in the same line of work, but not necessarily with the same employer. There are only a very few of exceptions to that rule. Those exceptions are as follows:

1. If you are a recent college graduate, you can use your time spent in college to make up part up the 24 month history. A copy of your college transcripts and your college diploma will be required.
2. If, within the last 24 months, you have had a 6+ month gap in employment, then you must be employed at least 6 months since that gap ended.
3. For someone with a longer break in history, the same 6 month rule is followed, but a full 24 month employment history from previous employers must be verified.

For someone who is salaried or hourly, you generally must be employed at least 30 days with the current or new employer. This is due to the fact that a pay stub reflecting at least 30 days of YTD income is going to be required prior to closing.

If you are paid by anything other than a W-2 (i.e. a 1099, self-employed, etc), then you must have 24 months of receipt of that type of income. Some exceptions are possible if your current employer switched your compensation from W-2 to 1099 or commission.

Closing on a mortgage prior to starting a new job with a new company is only considered on a case by case basis for certain fields. Generally, a non-revocable employer agreement confirming your new salary, position, and start date will be required.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 6 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice