If you are a Veteran looking to use your VA Home Loan benefits to become a Home Owner and are a bit confused about how to go about moving forward you are not alone. Having worked with Veterans for 20 Years and holding hundreds of VA Home Loan seminars, I have identified the 4 myths why Veterans are not using the VA Home Loan Program.
- Credit Myth: Most Veterans feel that their Credit is not good enough to be approved for a Mortgage.
Truth: With our credit restoration program and affiliated VA Mortgage Banker reviewing your credit we are able fix and restore your credit so it is good to go.
- Down Payment / Closing Costs Myth: – Veterans feel that they do not have enough money to take ownership of a house.
Truth: Not only is a VA Loan a no money down program but our partner VA Approved Mortgage Banker has a method of structuring your Mortgage to include ALL of your closing costs. That being said, taking possession of a new home can be done with very little or no money at all.
- Monthly Payment Myth: – Veterans feel that the Mortgage payments will be too high.
Truth: In most situations when you factor in your tax savings as a homeowner your mortgage payments will be about the same as a rental payment. Additionally, if you buy a 2-4 family house you can use the rental income of the other units to offset your Mortgage payment often leaving you paying less than you would for a rental.
- The Process is too Confusing Myth: Veterans feel the process of the who, what and where’s’ of how to begin the process to homeownership is overwhelming.
Truth: This is where the Veterans Homebuyers Network has earned its reputation. There simply is NO OTHER Company that does what we do for the Veteran Homebuyer. Educating the Veteran on the process of becoming a homeowner is where we excel.
Through our VA Home Loan Benefits seminars and our personal consulting not only do we explain the VA Home Loan Program – we also show Veterans the process of becoming a Home Owner.
The Veterans Homebuyers Network – we will leave NO soldier behind.
As a Veteran you are exposed to them all the time. They throw themselves in front of you claiming to help and justify their worth as being a Not for Profit company. I am talking about the “Nonprofit” company.
In having worked with Veterans for 20 years I can’t tell you how many times I have seen a company, or service, attempt to illicit a positive response under the guise of being a nonprofit company. There are many great Veteran’s organizations out there that truly help Veterans but there are probably twice as many that simply prey on Veterans & provide no valuable benefits whatsoever. If you have experienced any of these organizations that target Veterans we would like to know so we may help spread the word to our Veteran Client base.
The Veterans Homebuyers Network has established relationships with many great Veterans organizations & services that produce results and make a positive difference in a Veterans life and we pride ourselves on these associations. Although the main focus of the Veterans Homebuyers Network is to work with Veterans looking to use their VA Home Loan benefits to become a homeowner. Our greater mission is to serve and help Veterans.
The Veterans Homebuyers Network – We will leave NO soldier behind
As of January 1st 2015 the maximum VA Home Loan lending limits in the NYC area & surrounding counties has been lowered to $625,000 from $968,500 with no money down.
The NYC area’s limits were always higher than the national limit of $417,000 due to the price of Real Estate in the NY area.
In the last 10 years the Mortgage industry as a whole has undergone drastic changes.
Mortgage programs used to read like a menu from a Diner – where you can get anything you were in the mood for, but that menu has shrunk to a few basic choices The VA Mortgage being one of them.
With the elimination of so many Mortgage programs, the VA Mortgage is now more important than ever. For a Veteran, the only other Mortgage program that is normally feasible is the FHA Program where you have to pay Mortgage Insurance for the life of the loan and which can cost you on average an additional $400 a month. In addition to having to come up with a down payment of 3.5% which equals $14,000 for a $400,000 Mortgage.
Now faced with a Lower VA Mortgage Limit – can Veterans still afford to buy a home in the NYC area? Absolutely.
95% of the Veterans we work with are looking to buy a house between $350K – $550K. The inventory of homes are still very plentiful in that price range and a motivated Veteran home buyer can still find a home that fits their needs.
So fear not Veterans, home ownership is still a reality for you, even if you live in the NYC area.
The Veterans Homebuyers Network as always, is here to help you realize the American Dream of Home Ownership.
Make 2015 the year of home ownership – for more information – please call 917-960-4260.
We will leave NO soldier behind.
The New York metro area finally has a full service real estate brokerage company catering to Veterans. Family owned and operated, founded by two brothers, Joe and Lenny Nedlin, both retired Army commissioned officers, The Veterans Homebuyers Network and the Veterans Realty Network are drawing on 20 years of experience of working with Veterans and the VA Home Loan Program.
Veteran Homebuyers Network
The Veteran Homebuyers Network is solely dedicated to educating, informing and preparing veterans in order to become homeowners. David Nedlin infuses the company with over twenty years of knowledge in the Veteran home loan program, mortgage and credit repair business. Thousands have attended his seminars within New York City as he deftly demonstrates and explains how the home buying process and prepares potential veteran, and non veteran homeowners, how to best prepare themselves to be successful homeowners.
Veterans Realty Network and “Sell to a Veteran Program”
The Veterans Realty Network (VRN) is the brokerage company, which assists Veterans and non-veterans alike in purchasing and selling their homes. Our brokerage company is different in that we are able to obtain exclusive sale listings of Veteran approved homes. Our specially trained agents in veteran real estate policies and procedures are then able to match sellers with Veterans who have already been approved for a VA Mortgage with a local NYC area veteran approved mortgage banker. All of our clients with the Veterans Realty Network are ready to buy NOW.
The “Sell to a Veteran” program is designed to educate sellers of Real Estate all about the VA Home Loan Program and the ease of closing a loan using the VA mortgage. This allows eligible Veterans to use their VA Home Loan benefits to buy any 1-4 Family house or VA Approved Condo up to $625,000 with No Money Down. The problem is that many sellers, brokers and attorneys are uninformed in this area and therefore shy away from accepting an offer to purchase from a Veteran using the VA Home Loan Program where the Veteran does not have to put any money down. However, these are the easiest, quickest and safest real estate closings today!
For more information please visit VeteransHomebuyersNetwork.com or call 917-960-4260
We will leave NO Veteran behind