Take Advantage Of Your VA Home Loan Today And Buy A Foreclosure!

By
Mortgage and Lending with The Mortgage Network NMLS#244003 LMB#100008914

 

With all the doom and gloom in the housing market today, many people feel that we are in a recession with only the worst yet to come. What people are not realizing however is that the market operates in cycles, and right now, unfortunately we are heading in a tailspin trying to save the economy, contain the record amounts of foreclosures, and give companies the commercial credit they need to operate their business.

     Enter the VA home loan. A 100% no money down program insured from the government to qualified veterans to stimulate the economy through low cost housing with interest rates lower then your normal conventional loan. With the record amounts of inventory on the market right now, banks are willing to sell their bank owned inventories of properties for up to 20-30% off the loan amount owed on the property. In addition, VA will let you have the seller pay up to 4% in closing costs. What this means is that if you buy a $300,000 home with a VA loan, the seller can pay up to $12,000 in closing costs, in addition to fixing up the property for all non-structural related improvements up to around $5,000.

     This is an amazing benefit to the veteran because you literally do not have to have ANY MONEY to put down. In addition, if you are a medically discharged veteran, who receives at least 10% medical per month from the VA, you do not have to pay the VA funding fee, which is normally 2.15% of the loan amount for all first time home buyers.

What's needed to qualify then for a VA loan? At least 181 days of active duty, active or discharged, honorably or medically discharged under honorable conditions., and around a 45% debt to income ratio. If your medically discharged and do not work, however get enough medical money per month from the VA to ratio for the home loan, then we can use that income as well.

       Take advantage of low interest rates, deeply discounted real estate, and the inclusion of your VA benefit today!!! This is an amazing time to be buying real estate, and creating your future today!

Posted by
Brian Paul Quigley
THE MORTGAGE NETWORK
Senior Mortgage Consultant, MBA
600 South Cherry Street, Suite 143
Denver, CO 80246
720 524 3215 - Office
720 949 5630 - Cell
303 547 3382 - Fax
www.brianquigley.com http://www.brianquigley.com/>
"When Service Matters"

Personal NMLS#244003
CO License #LMB100008914
Superior Service Since 1985, Serving Colorado, New Mexico and Southwestern Florida
Colorado mortgage brokers license number 100024777
close

Re-Bloggged 1 time:

Re-Blogged By Re-Blogged At
  1. Steve and Eleanor Thorne 11/11/2008 03:09 PM
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Colorado El Paso County
Groups:
Active Rain Employment Marketplace
Almost Anything Goes
Blogging & SEO
Investors
Mortgages
Tags:
foreclosure investing

Comments 2 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
38,293
Raylene Lewis
Century 21 Beal, Inc.

I wish we had more foreclosures in my area! Everyone wants a foreclosure now a days!

November 11, 2008 03:00 PM
Ambassador
1,807,303
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
Integrity Real Estate Group

I've had a number of clients use VA loans to buy foreclosures this year.  No issues!

November 11, 2008 03:01 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
31,540

Brian Quigley

COBROKER1 - NMLS#244003 The Mortgage Network
Call Me Now To Get Pre-Qualified In 20 Minutes
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the truck to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information