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VA Loan
Anyone used this? Looking to get out of apartment life and into a house in Oct of this year, figure i better start planning now.
Halfway down the trail to Heck,
In a shady meadow green
Are the souls of all dead troopers camped,
Near a good old time canteen
And this eternal resting place
is known as Fiddlers Green.
You going to use the Fed. VA program or the Texas Vet program?? Two seperate things. I've used both. They have improved the Texas Vet program to reflect current home values. I think the Fed VA might offer a better (lower) rate but the Texas Vet people are very helpful and local. Actually you could use both at the same time... Use the Fed for your home and use the Texas Vet for some land for your new range! MG
I don't remember if it was valoans.com or which, but their rates were high. I think I still get a newsletter from them and will let you know.
Keep this in mind ... it's one thing to afford a payment and quite another to maintain, heat, cool, and pay taxes on top of that payment.
Freedom is never more than one generation away from extinction. We didn’t pass it on to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children what it was once like in the United States when men were free.
Ronald Reagan
DC just started remodeling right? He should have room and plenty of labor for ya
If he can reload and make all the meets, I might think about it
Freedom is never more than one generation away from extinction. We didn’t pass it on to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children what it was once like in the United States when men were free.
Ronald Reagan
I'll look into both of them. IIRC the fed program is more like a loan guarentee or backup to the lender should you default on the mortage. And if i remember if you sell the house to another Vet, you can use the program again. Totally new to house shopping and everything involved.Originally Posted by usmcpmi
Last edited by Dcav; 05-17-2010 at 06:58 PM.
Halfway down the trail to Heck,
In a shady meadow green
Are the souls of all dead troopers camped,
Near a good old time canteen
And this eternal resting place
is known as Fiddlers Green.
gl dcav
dcav, it doesn't have to be another vet.. as long as the loan is repaid in full you can get another cert. for another loan. The Tx. Vet program will loan money for a home or for land. And again, if it is paid in full, you can use it again. MG
Thanks for the info Mark, I will start looking into it.
Halfway down the trail to Heck,
In a shady meadow green
Are the souls of all dead troopers camped,
Near a good old time canteen
And this eternal resting place
is known as Fiddlers Green.
The VA program is nothing mortgage insurance.
They set some basic rules.
No more than $xxx,xxx.xx
No more than 12 acres if I remember correctly
There are some perks that recoup the bad
There is a limit that your allowed to pay for closing costs and a few other I don't remember.
Sent you a pm with a number to call for an education
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