| A growing number of veterans and service members | | | | would have been able to buy my first two homes. |
| are using their VA home loan benefit from the | | | | Now years later I'm helping military families transitioning |
| Department of Veterans Affairs. The VA's home loan | | | | to Fort Belvoir, Quantico or anywhere in the Military |
| program has continued to be a popular choice in the | | | | District of Washington use the VA Home Loan |
| current housing market. | | | | Program to buy homes. |
| The VA home loan volume has improved more than | | | | There seems to be an sketch flying around Northern |
| 30% from last year. Officials say it is due to the | | | | Virginia that you can't use a VA loan to buy a |
| exclusion of many no-down payment loan programs in | | | | foreclosure property. THIS IS NOT TRUE! In the past |
| the conventional mortgage industry along with good | | | | month I've closed on two foreclosure properties in |
| loan terms. | | | | Prince William County with buyers using a VA loan |
| Loans which characteristic no down payment are | | | | without any problems. The electricity does need to be |
| becoming very difficult to get with conventional | | | | on when the evaluator shows up but that is an easy |
| financing. One eyewitness recalls driving a popular Los | | | | problem to solve with a couple of phone calls and if |
| Angeles freeway and seeing a sign for | | | | you are having a home inspection you want the |
| "10percentdown dot com" which many believe | | | | electricity on anyway. |
| replaced their "ZeroDownLoans" dot com sign. Just | | | | For a first time buyer a VA loan solves the down |
| recently this year, legislation passed a law for the VA | | | | payment issue. VA does not require any down |
| to use a local approach in finding maximum loan | | | | payment, ZERO, NADA, ZILCH and a seller can |
| amounts on its zero-down payment home loans. | | | | contribute up to 4% towards closing costs. |
| If it hadn't been for the VA home loan series I never | | | | |