My brother is coming home from Afghanistan in a week, and I can’t wait! I’m so proud of him for serving our country, and I’m grateful he’s coming home in one piece. He’s been working with a military mortgage specialist to look into VA mortgages for military personnel, am I became curious about how that whole process works. I knew exactly where to go for the information I was after: Real-estate-yogi.com, my favorite website for property finance questions or issues. Just a few taps on my computer keyboard and I was there, ready to find out what home financing options are available for my brother and his family. Here is some of what I found out.
If my brother were still on active duty, he’d be able to qualify for HopeNow Housing Alliance assistance to check out mortgages for military families. This group of investors, mortgage servicers, housing counselors, and military mortgage specialists got together to figure out the best way to help soldiers who have received Permanent Change of Station (PCS) orders or those who have defaulted on their mortgages. Under new guidelines, the Federal Housing Authority (FHA) has deemed PCS a hardship for these families, and so the FHA can help them. According to Real-estate-yogi.com, in order to qualify for this aid, a soldier must provide his current mortgage statement, at least two of his latest pay stubs, proof of any income other than his pay (child support, Social Security benefits), his most current bank statements, and his utility bills to prove residency.
Because Evan (my brother) is a veteran now, he can get help from the Department of Veterans’ Affairs (VA). This organization is sponsored by the government and relies on private lenders to supply mortgages for veterans. As Real-estate-yogi.com points out, the VA has several methods to assist our veterans, one of which is a purchase loan. this is a straightforward loan to buy a home with, but it has a very low interest rate so the payments are low, as well. There are also loans just for Native American veterans so they can purchase, improve upon, or build a home. For all veterans who’ve been disabled or partially so while on active duty, there’s adapted housing grants so a house can be built or renovated to suit his needs.
With so many options available, Evan was able to get a mortgage for veterans that worked for him. He applied for it through a VA-approved lender and had his approval in a couple of weeks. I sent him to www.Real-Estate-Yogi.com too, so he could get his own first-hand information. He was very pleased that the website is operational 24 hours a day, every day, so he could contact it at his convenience. You can, too, by dialing 1-800-987-1397 for a free initial conference.
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