Selecting a real estate agent is one of the most important choices you’ll make when buying or selling a home.
The decision becomes even more important when you’re a veteran or active duty service member looking to use the VA mortgage guaranty. This nearly 70-year-old loan program backed a record 630,000 home loans in fiscal year 2013, nearly double the 2011 volume. That’s a huge increase in just two years’ time.
You typically only need a credit score of 620 to qualify for a VA loan, which is more than 100 points lower than some other mortgage products. (It’s important to check your credit before applying for any home loan, including VA loans. You can pay for a credit score or use a tool like the Credit Report Card, which gives you free credit scores and a breakdown of what’s impacting your credit.)
As lending standards have become more stringent, greater numbers of veterans are using their VA loan eligibility as the only realistic path to home ownership. The VA loan is a specialized loan program only available to those who have served our country, and, because of this, it comes with some unique requirements.
Veterans can really benefit from an agent who can educate and guide them through the entire process.To read more take a look at "The House Hunting Guide for Veterans" written by Samantha Reeves.
http://finance.yahoo.com/news/house-hunting-guide-veterans-123053754.html
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