Heroes San Diego is the number one nationwide resource for Heroes to utilize their benefits in buying or selling a home! Yes, we are nationwide! You can work with us even if you are not located in San Diego, California. Heroes San Diego was built on a foundation of truly wanting to help our Heroes, and be able to give back to them. There is so much mis information out there, and we are here to provide correct information, and put you on the right path to home ownership. Although the steps to purchasing a home may seem stressful, having us to assist you every step of the way will make it an easy and seamless process. Check out our VA homebuyer webinar, every Wednesday at 6pm. Our services are free, and have many benefits! Keep reading to learn about buying a home with your VA benefits.
What is a VA Loan and who can qualify?
A VA loan is a mortgage loan that is backed by the United States Department of Veterans affairs. You may qualify for a loan if you have served 90 consecutive days of active service during wartime, or served 181 days of active service during peacetime. You may also qualify if you have served 6 years in the National Guard or Reserves. Army, Navy, Air Force, Marines, Coast Guard, Space Force, NOAA, and USPHS all qualify for these benefits. If you are a surviving spouse of a deceased Veteran who passed away during service, or because of a service connected disability, you may also qualify. There are many rules regarding this, that we can discuss more in detail if this pertains to you.
How to apply for a VA Loan
Applying through a bank, mortgage company, or credit union that offers them is the best way to apply. It’s a very similar process to applying for a regular mortgage. You must show proof of employment, income, financial information, etc. The lender will decide if you qualify. Heroes San Diego is a great way to get started! We can help you with all of this. We have had many Veterans come to us who were previously told that they didn’t qualify for a loan. However, they ended up purchasing their first home with us!
Down payments with VA Loans
Typically, most VA loans don’t require down payments (Zero percent down). If the purchase price of the home is greater than its appraised value, you may be required to submit a down payment. It really depends on the circumstances.
What can you buy with a VA Loan?
The home is required to be considered safe and sanitary, which is a given. It is also required to make sure there will not be any health hazards with the home. Basically, move in ready. The home must also have year round access to a well-maintained road. We will chat about the specific requirements, the requirements are what the majority of people need and look for when buying a home.
Heroes San Diego Rebate
When you purchase a home through Heroes San Diego, you will be surprised with a check upon receiving your keys! Why is this? Well, owner and founder Johnny Perez gives you a portion of his commission when he sells your home. It’s his way of saying thank you for your service! This can be used to give you a little jumpstart with debts, taxes, the house, and more.
We hope that reading about buying a home with your VA benefits was helpful. We look forward to seeing you in our webinars on Wednesdays! If you would like to read more about our recent closings, check out our weekly blogs. Let’s get you your dream home!