VA Loan Qualifications: Everything You Need to Know
Are you considering a VA loan but unsure about your eligibility? Well, let's dive into the qualifications and get you started on the right path.
A Special Thank You
If you're buying your first home and you've served our country, first of all, let me say thank you so much for your service. I am married into a military family and have immense respect and gratitude for the courage, sacrifice, and compassion of all service members. It's an honor to be making this video for you.
Do You Qualify for a VA Loan?
The VA loan entitlement is part of the GI Bill signed into law in 1944 by President Franklin Delano Roosevelt. It's a way to thank you, offering a break on your down payment and making it easier to buy your first property. To be eligible for a VA loan, you must have served 90 consecutive days in wartime, 181 days in peacetime, more than six years in the National Guard, or more than six years in the Reserves.
Benefits of a VA Loan
VA loans offer incredible benefits:
Limitations to Consider
Before you get too excited, it's important to understand some limitations:
Finding the Right Property
Navigating the VA loan process and property requirements can be complex, highlighting the importance of working with an experienced realtor familiar with VA-approved properties.
VA Buyers Guide
If you're a first-time homebuyer thinking about using your VA entitlement, that's fantastic! I have an amazing VA Buyer's Guide available for free download in the comments below. It includes all this information and more about locating a lender, finding a good realtor, and setting you on the right path towards homeownership.
Conclusion
If you've enjoyed this video, I strongly urge you to click subscribe. I drop a new video every Tuesday and Thursday, and you don't want to miss a thing, especially if you're considering moving to the Sacramento area. We've got lots of good information all around. Leave a comment below, let me know what resonated with you, and I do return messages. Thanks for watching, and remember, move with intention.
Check our YouTube channel at Riverwatch Augusta.