Purchasing your first home is both an exciting and stressful experience – for just above everyone. It’s an intimidating process, too, requiring third party support to make sure you’re getting the best deal. That’s why our representatives are available to you round the clock, ready to answer any first-time home buying-related question. Please always feel free to give us a call at: 800-991-6494.
What Can I Afford?
This is probably the number one question in the back of your mind. As you know, there are a lot of factors that go into determining your mortgage payment, including your annual income, debt payments, down payments, and additional costs like homeowners insurance. Call us directly at at 800-991-6494 to discuss all your options.
Which Loan Should I Get?
Though you have a lot of loan options, here at The Home Loan Expert, we recommend a VA Loan, backed by government guaranty and assurance. Here are just a few reasons why VA Loans are the preferred options for active and retired service members:
- No Down Payment
Most homebuyers are asked to put down a 5 percent payment for their convention loan today. If it’s a $200,000 loan, that’s $10,000 out of pocket, right from the get go. For veterans, coming up with that kind of money is a challenge right out of service, which is why a VA Loan is a viable solution.
- Easier Requirements
VA Loans were made with veterans in mind. Veterans don’t have time to build up stellar credit in the military. VA Loans are therefore easier to quality for, equipped with competitive interest rates that aren’t swayed by credit scores.
- Manageable Monthly Payments
Since VA Loans don’t require private mortgage insurance, veterans are left with more money in their pockets every month. Over the lifespan of the loan, you will likely save thousands of dollars.
We also proudly offer several financing options for you, including USDA loans, FHA loans, and conventional mortgages.
The Pre-Approval Process
To secure your loan, you need to be pre-approved. A loan officer needs to assess your financial situation and determine what you can quality for, followed by a submitted loan application to the lender for approval. We provide you with three ways to kick-start this process, and are happy to chat with you at any time: 800-991-6494.
Real Estate Agent Selection
It’s important to use a real estate agent that understands the complexities of the VA Loan Program. You need an agent who also understands your specific needs as a service member. We are happy to provide a network of partnered agents who recognize what you will need from them.
We provide a variety of resources that are designed to make this process as manageable and convenient as possible. Check them out below.