PCSing to Fort Meade, MD, Andrews Air Force Base or Patuxent Naval Base.

Dated: 01/30/2020

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PCSing to Fort Meade, MD, Andrews Air Force Base or Patuxent Naval Base.

Why should I learn about the VA Home Loan and the process of Buying a home when PCSing to Maryland through Skip Young Realtor?

  1. VA eligible loan purposes:

The law authorizes VA Home Loans to guarantee loans made to eligible veterans only the purchase or construct a residence including a VA approved condominium unit to be owned and occupied by the veteran as a home. 

  • The VA loan may include stimulus purchase of the land on which the residence is situated where we'll be situated. the residential property may not consist of more than 4 family units at one that one family and one business unit except in the case of certain Civil Joint Loans loans. 

 

  • To refinance an existing VA loan for the purpose of a lower interest rate to finance an existing mortgage loan for other indebtedness secured by a lien of record on a residence owned by owned and occupied by the veteran as a home. 

 

  • To improve a residence owned and occupied by the veteran as the veterans home through the installation of solar heating system solar and cooling system is combined solar heating and cooling system or through the application of residential energy conservation measures. 

 

  • To purchase one single family residential unit in a condominium Housing Development approved by VA no spot approval

 

  •  Allowed to purchase a farm residence to be unlocked if I buy a veteran as a home.

 

  1. Now that we've discussed what's eligible for veterans to use their VA home loan let's move over what's ineligible for loan purposes.

 

  • Some examples of ineligible own purposes 

 

  • include purchase of an improved land with intent to approve it at some for the day land purchases not conjunction with (construction loan}. 

 

  • Can I purchase or construction of a dwelling for investment purposes?.

 

  • Purchase or construction of a combine residential or business property unless. The property is the primary resident purposes oh, there is more than one business unit, and the unknown the non-residential area does not exceed 25% of the total for the plan. 

 

  • With banks funding VA Construction to Perm loans. This means you do not have to have a piece of land you already purchased to get an entire package loan. The VA Home Loan will fund the lot, house and everything an approved builder needs.

 

  • Purchase of more than one separate residential unit or lot unless the veteran veteran will occupy. 

 

  • Now that we cover the bases of the purposes of the VA home loan we're going to move two basic requirements for a loan VA home loan approval. The applicant must be an eligible veteran who has available entitlement and a valid Certificate of Eligibility {c o e}.

 

  • The loan must be fair and all-purpose the veteran.

 

  •  The veteran must occupy the property as a primary residence within reasonable time period after loan closes. 

 

  • That's your must be satisfactory credit risk. 

 

  • The income of the  is must be shown as stable as efficient mortgage payments and cover the cost of owning a home was taking care of other obligations and expenses and still have enough money left over to support the family. 

 

2. Now that we've covered the basic loan approval let's step into our loan occupancy requirement. 

  • We are having a VA loan means you must occupy the property it's your gift given to you for your service. 

 

  • The law requires a veteran obtaining a VA guaranteed loan to certify He or She intend to occupy the property as his or her home.

  • As of the date of the date of certification the veteran:

  • Personally live in the property as him or  her home or, 

  • Intent upon completion alone acquisition and use his or her home within a reasonable time there's a check we about to requirement of flies all types of urine VA guaranteed loans accept irrrl’s, {Interest rate reduction Finance Loans which is a streamline refinance loans}. 
  • For IRRL‘s  is the veteran owned certified he or she previously occupied the property of a home an example of a veteran living in a home purchase review I'm going to transfer station Finance with an  iIRRL’s, 

  • Based on previous occupancy you must have a reasonable time after closing to move into your home. So if you are looking for more information on the Home Loan and Homes Buying process. Contact Skip Young with eXp Realty. A former Army Ranger, I dedicate myself to your secrecy and your well being while you PCS to Fort Meade, MD, Andrews Joint Air Force Base Hire an agent that not only know Military, But has renowned negotiating skills. 

PCSing to Fort Meade, MD, Andrews Air Force Base or Patuxent Naval Base. 

 

Why should I learn about the VA Home Loan and the process of Buying a home through Skip Young Realtor.

 

  1. VA eligible loan purposes:

The law authorizes VA Home Loans to guarantee loans made to eligible veterans only the purchase or construct a residence including a VA approved condominium unit to be owned and occupied by the veteran as a home. 

  • The VA loan may include stimulus purchase of the land on which the residence is situated where we'll be situated. the residential property may not consist of more than 4 family units at one that one family and one business unit except in the case of certain Civil Joint Loans loans. 

 

  • To refinance an existing VA loan for the purpose of a lower interest rate to finance an existing mortgage loan for other indebtedness secured by a lien of record on a residence owned by owned and occupied by the veteran as a home. 

 

  • To improve a residence owned and occupied by the veteran as the veterans home through the installation of solar heating system solar and cooling system is combined solar heating and cooling system or through the application of residential energy conservation measures. 

 

  • To purchase one single family residential unit in a condominium Housing Development approved by VA no spot approval

 

  •  Allowed to purchase a farm residence to be unlocked if I buy a veteran as a home.

 

  1. Now that we've discussed what's eligible for veterans to use their VA home loan let's move over what's ineligible for loan purposes.

 

  • Some examples of ineligible own purposes 

 

  • include purchase of an improved land with intent to approve it at some for the day land purchases not conjunction with (construction loan}. 

 

  • Can I purchase or construction of a dwelling for investment purposes?.

 

  • Purchase or construction of a combine residential or business property unless. The property is the primary resident purposes oh, there is more than one business unit, and the unknown the non-residential area does not exceed 25% of the total for the plan. 

 

  • With banks funding VA Construction to Perm loans. This means you do not have to have a piece of land you already purchased to get an entire package loan. The VA Home Loan will fund the lot, house and everything an approved builder needs.

 

  • Purchase of more than one separate residential unit or lot unless the veteran veteran will occupy. 

 

  • Now that we cover the bases of the purposes of the VA home loan we're going to move two basic requirements for a loan VA home loan approval. The applicant must be an eligible veteran who has available entitlement and a valid Certificate of Eligibility {c o e}.

 

  • The loan must be fair and all-purpose the veteran.

 

  •  The veteran must occupy the property as a primary residence within reasonable time period after loan closes. 

 

  • That's your must be satisfactory credit risk. 

 

  • The income of the  is must be shown as stable as efficient mortgage payments and cover the cost of owning a home was taking care of other obligations and expenses and still have enough money left over to support the family. 

 

2. Now that we've covered the basic loan approval let's step into our loan occupancy requirement. 

  • We are having a VA loan means you must occupy the property it's your gift given to you for your service. 

 

  • The law requires a veteran obtaining a VA guaranteed loan to certify He or She intend to occupy the property as his or her home.

 

  • As of the date of the date of certification the veteran :

 

  • Personally live in the property as him or  her home or, 

 

  • Intent upon completion alone acquisition and use his or her home within a reasonable time there's a check we about to requirement of flies all types of urine VA guaranteed loans accept irrrl’s, {Interest rate reduction Finance Loans which is a streamline refinance loans}. 

 

  • For IRRL‘s  is the veteran owned certified he or she previously occupied the property of a home an example of a veteran living in a home purchase review I'm going to transfer station Finance with an  iIRRL’s, 

  • Based on previous occupancy you must have a reasonable time after closing to move into your home. So if you are looking for more information on the Home Loan and Homes Buying process. Contact Skip Young with eXp Realty. A former Army Ranger, I dedicate myself to your secrecy and your well being while you PCS to Fort Meade, MD, Andrews Joint Air Force Base Hire an agent that not only know Military, But has renowned negotiating skills.

 

If you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor®: Marine Barracks  Joint Base Anacostia-Bolling PSD Washington, DC Washington Navy Yard USCG Headquarters Visitor Entrance the United States Navy Navy Band US Army National Guard Armory American Military Society Navy Lodge US Naval Reserve Readiness Military Naval & Air Attache Washington DC Police Department Air Supply US Coast Guard Headquarters Joint Anacostia-Bolling AFB Department of Navy Fort George G. Meade Naval Support Facility Indian Head Joint Base Andrews Coast Guard Yard US Air Force Civil Air Patrol NAVAIR Maryland Military Department Naval Surface Warfare Center Blog author image

Skip Young

Fort Meade MD Realtor | PCSing Relocation Expert | Skip Young | RealtorĀ® | Veteran | EXP Realty As a Maryland Realtor I bring additional skills to the Maryland Real Estate market. I grew up here. I ....

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