Six Ways to Use a VA Loan

By
Real Estate Broker/Owner with Eastern NC Homes

With the influx of military personnel headed to eastern NC over the next few years, I've been researching how the Veterans Administration Home Loan works and what the some of the benefits are.

In the market I work in, the Neuse River Region Association of REALTORS®  21% of our mortgages where VA loans in the past 12 months.

I've discovered that you can use your VA benefits to:

  • Purchase a home, for a owner's PERSONAL OCCUPANCY with no money down and no PMI (Private Mortgage Insurance) which saves on the monthly payments. Maximum amount now up to $417,000.00
  • Build a home
  • Purchase a multi-unit property
  • Improve a home by installing approved energy efficient features
  • Simultaneously buy and make improvements to an existing home
  • Refinance an existing loan, by using your VA loan benefit.  That loan does Not have to be a VA  loan. 

                        

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Location:
North Carolina Craven County Cherry Point Marine Corps Ai
Groups:
North Carolina Real Estate
Military Relocations
Posts to Localism
Tags:
va loans

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Rainmaker
107,847
Tinker Hulsey
Century 21 Wright-Pace Real Estate
Century 21 Wright-Pace Real Estate

HOMER: Great post! I am currently working with a VA customer right now. we just havent found them the right home yet. You are right we have a lot of Veterens coming home from the war who will be looking to buy homes. I see you are a Century 21 real estate agent too.

 Tinker

August 05, 2008 04:24 PM
Rainmaker
238,853
Gene Allen
Realtor Hampton Roads Real Estate
Resh Realty Group

We get a lot of VA customers here and the loans are really good and one of the few without a downpayment anymore.

August 05, 2008 09:07 PM
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Rainmaker
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Homer Ray

Eastern NC Homes
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