Tag Archive | military homes

VA homebuyers attention changes to VA Home loan

VA loan

If you are a veteran, active duty, or a reservist prospective home buyer. Listen up Dept of Veteran Affairs has announced new changes. According to update 26-11-12 the change will affect the funding fee.

The funding fee is the amount due up front or can be financed into the loan amount on a VA Loan. The purpose of this fee is to act as a mortgage insurance for VA lenders and is intended to enable the veteran who obtains a VA home loan to contribute toward the cost of this benefit. The benefit of using a VA loan versus an FHA loan is there is no monthly mortgage insurance premium paid. This can make a monthly payment on a VA loan significantly less. Interest rates are still at record lows and sales prices are very reasonable. If you are ready to buy or want to hear more about loan programs contact me today!

Fee Changes

a. For loans closed on or after October 1, 2011, the fee for 1st time us is going down to 1.4% with 0 down on subsequent use loans with

less than 5 percent downpayment and subsequent use regular refinance loans

will be 2.8

percent for both active duty Service members, Veterans, and persons qualifying based

solely on service in the Reserves or National Guard. This change is due to passage of

Public Law 112-26, Restoring GI Bill Fairness Act of 2011.

Reserves and national guard will pay 1.65% with 0 downCall me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals.”

Visit my website today, The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker

Blu Skyy Realty Virginia Beach, VA

deedee@bluskyyrealty.com

http://DJonesRealEstate.com

djoneshomes@gmail.com

Norfolk Home for sale 975 Merrimac Ave, $129900 to good to be true!

975 Merrimac Ave
NORFOLK, VA
4 2.5 bath TOTAL RENOVATION, MOVE IN READY. COME TAKE A PEEK!


4BR/2+1BA Single Family House
$129,900

Year Built 1928
Sq Footage 1,722
Bedrooms 4
Bathrooms 2 full, 1 partial
Floors Unspecified
Parking Unspecified
Lot Size 4,792 sqft
HOA/Maint $0 per month
Description

4 2.5 bath TOTAL RENOVATION, MOVE IN READY. COME TAKE A PEEK! NEW KITCHEN, NEW GORGEOUS HARDWOOD FLOORS, NEW TILE & CARPET. SIDE SUNROOM PLUS XTRA OFC/STUDY COULD BE 5TH BEDROOM. NEW MASTER BATH WITH CUSTOM TILE, LARGE YARD TO BBQ, NEUTRAL PAINT. CLOSING COST ASSISTANCE NEGOTIABLE. CLOSE TO I-264, PARK & NSU. NEW HVAC, AC, ELEC RANGE & REFRIG. TO BE INSTALLED BEFORE CLOSING. SELLER READY TO REVIEW ALL OFFERS! VA, FHA, CASH OR CONV WELCOME. REIN LB ON REAR DOOR. more photos and info at http://DJonesRealEstate.com

Property Features

Central A/C Central heat Hardwood floor
Tile floor Living room Office/Den
Dining room Breakfast nook Refrigerator
Stove/Oven Laundry area – inside Yard

Additional Photos


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Contact Info

Deandrea Jones
Wainwright Real Estate
(757) 831-8294
For sale by agent/broker


Equal Opportunity Housing