Tag Archive | va home loans

Military Families have just been punched in the face!

Military families have been punched in the face by our House of Representatives.  The House has passed a bill to be sent to the Senate that would approve a 5% reduction in BAH (Basic Allowance for Housing).  

According to a recent Pew Research Report, serving in the military was “practically a requirement for serving in Congress.” As recently as the early post-Vietnam era of the late 1970s, a combined 77-percent of the members in the House and Senate had prior military service. Today, however, only approximately 20-percent of our political representatives have military experience.  This means are politicians are out of touch with the needs of military families and veterans.

Other projected cuts include cuts to military commissaries (have they seen grocery store prices)….. Cuts to tuition assistance for active duty. Veterans in Congress

 According to Military by owner: They are out of touch because they are without having experienced moving cross-country every two to three years and the resulting financial hardships that come with said moves, most notably spousal employment, military families can easily discredit our representatives as being out of touch. 

If this is passed through the Senate Military families will be KO’d once again………………  



Call me to buy a home in any DC Metro area of Northern VA & Maryland,  areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.                                     

“I can dream alone, build alone and strive alone, but true        

success always requires the help and support of others.

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Deandrea “Dee Dee” Jones                                                          

Supervising Broker/ Realtor

Home Buying Marketing II, Inc.




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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