from what i understand using the va or going with a conventional loan are pretty much the same as far as money down.....for the va loan you still pay an administrative fee with is almost equivalent to a broker fee for the conventional, but you are more likely to be approved for the amount you ask for as long as you can afford it.
its a good thing they raised the va home loan cap to $417,000 cuz houses out here dont sell for less than $350,000. well in the areas that i would live in.
oh aiight, im tracking now. i wonder how much does my debt to income ratio needs to be sitting at in order to qualify for 260K+. You can get some great homes in VA for that amount.
well in order to qualify for for the va loan you need to submit some info to the VA. and attain a letter of eligibility in order to apply for the loan after that they approve you for a certain amount based on rank, income, and future military involvement, so if you plan on getting out dont plan on getting a hefty amount. then you go look for property and if it is a little more than they allowed you to get im sure they will re-submit your paperwork to get you approved.
you can talk to a realtor for free, well my wife and I did back in June. houses up here in Nova are mad expensive as we were looking to get a house, but have decided to rent.
word i still need more info. right now my plan is to move to NC. trying to go to FT Bragg and then go drill. ok the house that i have looked at so far 1st is 155,000 ish the 2nd and the other one is like 30,000 more. have not ran my credit lately hoping for the best tho. has any one heard anything about credit eliminators, you know those cats that go and delete past discefacies off your credit. need more info.
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i went from driving fast to riding clean. holla!!!
