WE SALUTE YOU AND THANK YOU FOR YOUR SERVICE!
It is an honor and privilege for our team of real estate professionals to help military personnel and veterans find housing solutions that best meet their needs and allow them to take full advantage of the great military benefits that are available, including VA financing with no down payment and no mortgage insurance. As your certified Military Relocation Professionals (MRPs) and REALTORS®, we are governed by a code of ethics and commit to putting your and your family’s best interests first.
We have the knowledge and skills to work with active-duty military buyers and sellers, as well as Veterans. We understand that the call of duty often comes with a need for seamless transitions. Reassignments may be unpredictable, frequent, and sometimes temporary, which may make housing arrangements for you and your family all the more important.
Whether you’re embarking on a new chapter or returning to civilian life, Isham Real Estate Group has a deep understanding of the logistics involved in moving, and we’re well-versed in working with tight timelines. Our commitment to is unwavering – to make sure we understand your specific needs so your transfer is easier, faster, and as stress-free as possible. We’re not just real estate professionals; we’re your advocate and your partner. Your dedication to our nation deserves our utmost respect. Allow us to extend our gratitude by ensuring your transition is as comfortable and rewarding as possible. Reach out to us today. Your service has been exceptional; now let us serve you.
The VA Home Loan Program
The VA home loan program is probably the best and most powerful program on the market, exclusive to Veterans and military individuals and families. Hundreds of thousands of military buyers and Veterans have saved thousands by leveraging the amazing benefits that are available when financing their home purchase using a VA loan. These include:
- Zero Down Payment with 100% financing.
- No Private Mortgage Insurance (PMI) that may save you hundreds on your monthly mortgage.
- No Pre-Payment Penalty so you can pay off your loan early.
- Competitive Interest Rates may be offered due to VA loans being guaranteed by the Veteran Administration.
- Favorable Maximum Loan Amount is typically the same as conventional and jumbo loans, giving VA buyers more buying power.
- Discounted Loan and Escrow Fees may be offered by mortgage lenders and Escrow/Title companies, whereby reducing the total costs due at closing.
- Bonus Entitlement may allow VA buyers to purchase a second home using the remaining entitlement for another VA loan.
VA Loan Eligibility
There are specific requirements VA buyers must meet in order to determine eligibility for VA loan benefits. These may include the following:
- You have served at least 90 consecutive days of service during wartime and been discharged or released under other than dishonorable conditions.
- You have served at least 181 days of continuous active service during peacetime and been discharged or released under other than dishonorable conditions.
- You have more than 6 years of service in the National Guard or the Reserves.
- You are the spouse of a service member who died in the line of duty or as a result of a service- related disability.
- 500 minimum FICO score.
- Must meet the minimum VA debt-to-income ratio (DTI) requirements and residual guidelines.
- Co-borrowers must be the spouse of the primary VA borrower.
VA Loan Document Requirements
- Certificate of Eligibility (COE) to show the entitlement available to purchase a Your lender can help you acquire this document from the Department of Veterans Affairs (VA) if you do not have it available.
- DD214 to show time of service, branch of service, and discharge Your lender can help you acquire this document from the Department of Veterans Affairs (VA) if you do not have it available.
- Copy of the Driver’s License.
- Most recent 30 days’ paystubs or other proof of income.
- Most recent 2 years’ W2’s (complete personal and corporate tax returns needed for self- employed borrowers).
- Most recent 2 months’ bank statements (all pages).
- Most recent quarterly asset account statements (401K, IRA, etc.).
- Most recent statements for mortgage, HOA, and homeowner’s insurance for any other real estate owned.
