I think we can all agree that the home buying process is nothing short of confusing. Between applying for a mortgage, working to find the right home, putting in an offer, and then all the paperwork that comes once that offer is accepted, keeping everything straight can be next to impossible. Now on top of all that, factor in applying for a VA home loan. The VA program offers many advantages compared to a standard Conventional mortgage. While the process for obtaining VA financing is unique, it will be a quick and easy experience as long as you work with a Realtor and a lender who understand the program thoroughly.
Home ownership is a huge investment, and also a key element in the American Dream. Since the introduction of the GI Bill, signed into law by President Roosevelt in 1944, the US Government has made home ownership a realistic possibility for the men and women of the Armed Forces, the people who have invested so much in protecting the American way of life. A VA loan provides some great advantages for buyers, compared to conventional loans and FHA options.
Buying a home is a major life decision, and the stress of that decision can be exaggerated by the uncertainty that comes with a life dedicated to service in the military. We have highlighted three special areas of concern for military families considering a real estate purchase.