Posted on Jul 18, 2020
I want to get a home. Do anyone have advice about va home loan from experience? Is it a headache?
4.34K
20
10
9
9
0
Posted in these groups: Department of Veterans Affairs (VA) Mortgage Transition VA Loan Veteran Benefits Advisor
Posted >1 y ago
Responses: 10
Posted >1 y ago
You go to a commercial lender and tell them you will be doing a VA Loan. You get your eligibility letter from the eBenefits website.
VA doesn’t give you the loan. They underwrite it so you don’t have to have a down payment. Process was not any more painful than a conventional loan. Buying a house can be painful.
VA doesn’t give you the loan. They underwrite it so you don’t have to have a down payment. Process was not any more painful than a conventional loan. Buying a house can be painful.
(5)
Comment
(0)
Posted >1 y ago
I bought my first home with VA in 1974. Sold it 4 years later. Bought again in 1982, Sold that one in '87. Bought again in 1991. Sold it in 2004. Bought my present house in 2016.
All VA. All easy as can be.
No money down, great interest rates. IMO, the only way to go.
All VA. All easy as can be.
No money down, great interest rates. IMO, the only way to go.
(3)
Comment
(0)
Posted >1 y ago
My experience was good. The Realtor did most of the work. The company that serviced my loan even recommended a refinance when the interest rate dropped. Just be sure you can afford the house. Do not take a mortgage that goes over 30 years. Do not take one that has a balloon payment.
(2)
Comment
(0)
Read This Next