Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

VA Loans

NEXT
PREV
  Follow me: Wendy Morris on Twitter Wendy Morris on Facebook Wendy Morris on LinkedIn
Sat, Aug 29, 2020 at 6:45PM

VA Loans

By far VA loans is the best loan out there! currently 33% of veterans do not understand they have this entitlement. Why, because little or no down payment, no private mortgage insurance and always lowest rate than FHA and Conventional loan. for serving your country this is a huge benefit for the rest of your life.

Benefits 

As long as you have an honorable discharge that shows on your DD214, decent income and above substandard credit score.  You must pay a one time VA Funding fee and can roll it into the loan. If you are 100% disable and prove it, you are exempt. If you are partially disable, a percentage will be shaved off. Limited cost out of pocket are appraisal, credit report, origination fee, recording fee, survey (if applicable) and title insurance. It pays to use a seasoned Realtor and lender that knows the VA process which can streamline the process. the home you pick need to meet VA standards and appraisal process which is tailored from the traditional standard. Having an executed contract on a home that you have found, there are necessary steps you must follow, keep your job, make all payments on time, if change jobs stay in the same field of work, do not incur debt, always communicate with your realtor and lender before making any financial decisions.

Process

Find a home, write a contract, send earnest money deposit to title company, title and survey ordered, lender order appraisal, turn required documents to your  lender. all documents sent to underwriter, commitment letter from lender, clear to close. schedule closing date. Golden rule, if in doubt, ask. During this process you must not move money around if you don't have to. Why? because you will have to account for it.  Your lender will explain all associated fees with loan and standard charges. Keep a notebook and take notes to stay on track. Any additional income coming in must be sourced and tracked. Each season demographically has pro's and con's of home buying.  If you are serving and have served in the military you are doing discredit to yourself not taking advantage of this entitlement. Veteran's are the best and I am one of them. 


Bookmark & Share



User Comments


Be the first to comment on this post below!


Previous Article

Next Article


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 1/29/22 7:31 AM) |
Featured Listings
Orlando Real Estate
$305,000
3 BED
2.5 BATH
**PROFESSIONAL PICTURES COMING SOON** Make your appointment today to view this 3 bed/2.5 bathroom townhome in the commun... Read More
Orlando Real Estate
$365,000
3 BED
3.5 BATH
TOWNHOME located in Premiere Resort Community! Enjoy resort living every day! Use it as a residence or investment for AI... Read More
Orlando Real Estate
$1,300,000
4 BED
4 BATH
Rare opportunity to own this beautiful 4 bedroom 4 bath 4, 162 sqft home in the highly desirable community of Cypress Po... Read More
Orlando Real Estate
$655,000
4 BED
2.5 BATH
**Seller is accepting offers until 6PM on Sunday** Beautiful Dr. Phillips home now available. This gorgeous 4 bedroom 2.... Read More
Orlando Real Estate
$511,900
4 BED
2 BATH
Welcome to the 4 bedroom, 2 bathroom home of your dreams! The extended driveway leads you through the manicured front y... Read More
Orlando Real Estate
$608,000
4 BED
3 BATH
Stunning UPDATED Contemporary Home in Wingrove Estates. Flexible 4 BEDROOM 3 FULL BATH floor plan is open and flexible f... Read More
Orlando Real Estate
$419,000
3 BED
2.5 BATH
Just hitting the market, property for sale at 7756 Harlie Street, Orlando, FL, USA. MOVE IN READY IN THE HEART OF... Read More
Orlando Real Estate
$551,888
3 BED
2.5 BATH
This Belvedere Model impresses upon entry with an open floor plan and beautiful Gourmet kitchen featuring smooth solid s... Read More
Orlando Real Estate
$184,900
2 BED
2 BATH
Coveted INVESTMENT / VACATION HOME OPPORTUNITY at the renowned ENCLAVE RESORT with AMENITIES! Welcome to the heart of th... Read More
Orlando Real Estate
$549,999
3 BED
2 BATH
Heart of Dr. Phillips presents this beautiful home in Hidden Springs! This location is surrounded by the BEST of the BES... Read More
Contact Wendy Morris Realty

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
11256 Lemon Lake Blvd
Orlando, FL 32836

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2022 drphillips.info - all rights reserved. | Site Map | VA Loans