Veterans applying For VA Home Loans

posted in: Blog Articles | 0

f2edd92332d3a45f11838ed4443ec845 Veterans applying For VA Home Loans are often not sure if they would qualify for a VA new home loan or not. Here is some information that will hopefully assist those who may be considering buying a new home and using their VA benefits.

You may be eligible for a VA Home loan if:

You served at least 90 days of continuous active duty during World War II, the Korean War, the Vietnam Way or the Gulf Wars and you were discharged honorably.

You served at least 181 days of continuous active duty during any peacetime period, and you were discharged honorably.

You have served 181 days unless discharged or separated from a previous qualifying period of active duty service.

You completed a total of 6 years in the Selected Reserves or National Guard was discharged with an honorable discharge, placed on the retired list, was transferred to the Standby Reserve or continue to serve in the Selected Reserves.

You still may be eligible if you completed less than 6 years if you were discharged for a service-connected disability.

You may also be determined eligible if you are an un-remarried spouse of a veteran who died while in service or from a service connected disability, or you are a spouse of a service person missing in action or a prisoner of war

There have also been special eligibility requirements established for certain United States citizens such as Public Health Service officers, Cadets in the United States Military, Air Force, or Coast Guard Academy Cadets, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, and others.

For more information, go to http://www.benefits.va.gov/homeloans/

Honoring Our Vets.
‘Joe Montegna’ Honoring Our Vets.

So Many Things to Do

posted in: Blog Articles | 0

KS85426There are so many things to consider when purchasing a new home that you may wonder how the heck you will ever get through it. Well, it does not have to be that complicated.
The first thing you might want to do is to organize your thoughts as to what type of home you want and where you want to live. Do you want a new home built to your specifications or do you want a home already built and ready to move in. Both have benefits that should be considered. Having a new home built allows you to the opportunity to select many of your colors, flooring, cabinets and tile selections, yet an already built home allows you to move in sooner. You will also want to decide on how many bedrooms and bathrooms you will need and whether you will want a one, two or even a three car garage. You may want to ask yourself if it is more important to live closer to shopping or the beaches. Another thing you may want to consider is the school district depending on whether you have, or are planning to have, children.
One way to organize your thoughts is to write out what you and each family member want in order of importance. Maybe you want a large kitchen, or your significant other wants a large master suite with a garden tub bathroom, or maybe your children want a large family room for entertaining or even a media room to watch their favorite movies or sporting events. Maybe you need an office area to work or a hobby room to relax in. Whatever you needs and wants, at the end of the day it might be nice to have a nice closed in covered patio to sit and relax while sipping on a nice cool glass of lemonade.
One other thing to remember when planning out your new home is that your needs are likely to change over time. Maybe you are planning on having children or maybe you have been there and will have children going off to college. Maybe you have an elderly parent that will someday be living with you. The thing is, things change over time and you should keep that in mind when planning on what type and size of home you intend to purchase.
Now, once you have decided on the home you want; the next thing to consider is how much you can afford to spend and how much money you will need to borrow. This can get downright confusing. There are many types of mortgages available out there along with many variations of those mortgages. You have FHA mortgages and VA mortgages. You have Conventional mortgages with fixed rates and you have Conventional mortgages with adjustable rates and unless you are very familiar with the many type mortgage loans that are available, this would be the time to seek assistance regarding your home purchase and mortgage. American Housing Builders can help you with the home and direct you to a competent mortgage professional who will help guide you through the entire home buying process.
Contact American Housing Builders at 727-546-6611 or go to the “Contact Us” page of this website and send a request for more information.