It is Veteran's Day - let's talk about veterans' buying homes!

Profile picture for Brenna Piper
Real estate professionals have a responsibility to know the property requirements for major mortgage types, such as VA mortgages.  They are becoming increasingly important to our returning vets as an affordable way to purchase homes.

Crucial to shopping for a home to be financed by a VA mortgage is condition: is there a PERMANENT heat source in every room (sorry, fireplaces are appealing but they aren't enough); are there structural issues; how does the roof look; how is the condition of the basement or crawlspace; what about other condition issues?

When a real estate pro shows a home that will not qualify for the recommended loan, they are hurting their buyer in the long run since most buyers don't know the requirements and guidelines. Inspection and appraisal expenses are incurred once a buyer has a contract on a home. It is only right to filter homes in terms of condition along with the other, buyer-generated buying criteria.

Lender qualifications for both buyer and property have tightened. It is important that real estate professionals show their buyers homes that are right for their loan program. When working for US veterans, we owe it to them and their service to our country to work even harder to find property that is a good fit with their home loan.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 11 2011 - Cookeville
 Share
 RSS

Replies (3)

Profile picture for sunnyview
VA loans are definitely something that Veterans should look into as a benefit that is provided by the government as a thanks for their service. Department of Veterans Affairs has some good information here and Zillow also has some good information about VA loans here.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 11 2011
Profile picture for the_country_hick
Smart veterans look at more than just a 0% down payment. Smart veterans look at all possible financing available and choose based on the best terms.

I know some vets who bought not using a V.A. loan as it did not have the best terms.

Do not place a vet in the V.A. loan only category as they could easily have other options available that are even better.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

1Yes

November 11 2011
Profile picture for Charles Hewitt

Veterans, be sure to check out the "Dream Makers" program which features a 3-to-1 dollar matching grant for downpayments. Information can be found on the pentagonfoundation.org website (look for the Dream Makers link in the heading).

Thank you all for your service. God Bless.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.

0Yes

November 11 2011
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion

E-mail successfully sent!Submission failed!

Related Discussions
Profile picture for Charles Hewitt
DiscussionIt is Veteran's Day - let's talk about veterans' buying homes!
  • Last reply by Charles Hewitt
  • November 11 2011
Related Articles
GuideReal Estate Buyer's Closing Costs
GuideList of Closing Costs and Fees
GuideYou've Opened Escrow
GuideHome Buying One Step at a Time
GuideA Buyer's Guide to Making the Right Choice
Compare Mortgage Rates

Compare Cookeville, TN mortgage rates

Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy