VA Loans & A Link To More Info!

A couple of years ago, I took the pledge to ask all clients “Did you Serve?”.
Here is a link to my profile page.

Did You Serve is an initiative to help make sure all Veterans know about their VA benefits for purchasing a home. I have since assisted several families in purchasing a home with a $0 down payment using their VA benefits.  It has been a true joy AND an honor to work with each of these families.  They have all touched my life and I am blessed to now consider them friends.

The problem we run into is that many people are not familiar with the VA Loan Process.  And even after 7+ years of handling VA purchases, I am still learning!  

With each and every transaction I have that is a VA loan, I have learned something new.  The start of my VA loan knowledge came from becoming part of the Did You Serve Initiative a few years ago.  In addition, I have a couple of great lenders who are very knowledgeable in this area and they have provided me with necessary information to better serve my clients.  I am also taking a class to provide more knowledge and added credentials. I never want to stop learning.

I recently had a client speak to a listing agent without me present and she recommended a lender – whom he called for additional information on his VA Loan or the qualification process.  He was given misinformation and it almost cost him a home.  

Long story short, my client did not end up purchasing that home (though he initially liked the home) nor did he use that lender.  He actually already had a lender…a great lender who got him pre-approved for a loan in just one business day after the client and I phoned for proper info.  He sure seemed thrilled to have a better outcome and we have since submitted an offer on another home – with more square footage and a gorgeous setting!  

*Lesson 1:  Be sure you speak to a qualified lender and if you need a second opinion, get one within 30 days. (Yes, you can shop around for a mortgage, but don’t do so over a long period of time.  Check with a couple of lenders in the same month if you need to look elsewhere like my client did.)*

*Lesson 2:  If you have a Realtor or have been referred to a Realtor to serve as your Buyers Agent, speak to him or her rather than a listing agent who is representing the seller. (This takes us to the importance of a Buyers Representation Agreement.  I’ll write about that soon and come back here to provide a link!)*

Back to the VA Loan Process…

Today, I ran across this link.  I am not suggesting this company, I have not looked into their product or anything of the sort, but I did listen to this video (there is nothing to watch really) and I thought others may benefit from the knowledge shared.  Watch Video: Top Ten Things To Know About A VA Loan

dys-badge-ask-me-250px-transp.png Did YOU Serve?  
Or do you know someone who did?Please listen to the video and share this blog link with others you know who may be ready to purchase a home using their VA benefits. I’d be honored to assist you in your home purchase!

Michel Ann Maroney

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One thought on “VA Loans & A Link To More Info!”

  1. The VA funding fee can be financed directly into the maximum loan amount for the county in which the home is located. If the sales price and the financed VA funding fee total more than maximum loan amount for that county, the borrower or seller must pay for the fee out of pocket.

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