Mortgage Originator Jimmy Vercellino, specializing in VA loans, helps veterans use their VA loan benefit to their greatest advantage. For more details call us at 480-351-5904 or visit our site http://www.valoansforvets.com/ The views expressed here are those of the individual author and do not necessarily represent those of First Choice Bank (NMLS #: 177877) and First Choice Loan Services Inc. (NMLS #: 210764), 7702 E. Doubletree Ranch Road, Scottsdale AZ 85258. Equal Housing Lender. www.fcloans.com/disclaimer/ www.fcbhomeloans.com/privacy VA Loans for Vets 7600 E. Doubletree Ranch Road #200 Scottsdale, AZ 85258 Phone: (480) 351-5904 Email: jimmyv@fcbmtg.com

1. SHOULD I BUY
A HOME AFTER LEAVING
THE MILITARY?

2. The transition to civilian life can
often be a confusing time for
individuals in the military.

3. The freedom of making life choices
after years of being told
what to do and where to live
may seem overwhelming for both
the individual and the family.

4. Many individuals leaving the military may wonder whether
it is a good idea to purchase a home.
The Veterans Administration has guaranteed home loans
veterans for many decades
that have helped many service members purchase homes
affordable rates.

5. RENT OR BUY?

6. The mortgage crisis of 2007 to
2011 caused a great deal of
uncertainty about owning a
home.

7. Although home prices fell from
their heights in 2008, owning a
home is still a significant
investment for growing families.

8. The new reality of home ownership
requires that individuals that are
considering purchasing a home do
considerable research on:
 Properties
 Neighborhoods
 Lending institutions

9. To ensure that they are making a good
purchase, at a good interest rate and
under good terms.

10. Financial experts suggest you
consider how long you plan to be in
an area before making the
commitment to home ownership.

11. If you plan on staying five years or
longer, home purchase will allow
you to build equity while paying for
your housing.

12. If you plan to stay less than five years,
renting may be the better option for
you.
Buyers must also consider the cost of
repairs on a home you own.

13. Also, employment considerations
should be taken into account when
considering the purchase of a
home.

14. UTILIZING YOUR
VA BENEFITS

15. The VA guaranteed home loan program can help ex-
military members to finance a home at an affordable
rate, often with no down payment.
The program does not guarantee that you will qualify
for a loan.

16. The VA loan merely guarantees
that the lender will receive
payment if you cannot pay off the
loan.

17. This guarantee is an attractive
feature for lenders, and many
lending institutions participate in
the program.

18. QUALIFYING FOR A
VA HOME LOAN

19. Applying for a home loan through
the VA guaranteed loan program is
slightly different than what would
be done through conventional
financing.

20. However, participating lenders
have trained personnel that can
help you to navigate the
requirements, which include:

21.  Providing A Certification Of
Eligibility
This document can be obtained
through military channels by filing a DD
Form 214 or other document,
depending on your military service.

22. Lenders can often help you to
acquire the appropriate form for
your needs.

23.  Credit Record
Generally, the VA guaranteed loan
program requires a credit score of
620.

24. A good record of payment of your
bills will help you to obtain a loan.
However, if you have had credit
problems in the past, you may still
be able to acquire a loan, under
certain conditions.

25.  Purchase Agreement
You must have a signed copy of the
purchase agreement detailing the
price and terms of the sale.

26.  Home Appraisal
The VA requires that the home be
appraised to ensure that the
property is worth the purchase price.

27. The appraisal is not the same
as a home inspection, as the
home inspection will detail the
conditions of important home
systems and construction.

28.  Employment Information
You must provide W-2 forms
indicating your income.

29. If you are self-employed, two
years of past income tax
statements are required to
verify your income.

30. Although purchasing a home is a
big step in an individual’s life,
the process can be one of the
most important steps in securing
your family’s future.

31. Va Loans for Vets provides and
assists all veterans and
active duty military with ALL of
their VA Home Loan Financing
Needs.

32. Be a proud homeowner today.
For more details call us at
480-351-5904 or visit our site
www.valoansforvets.com

33. VA Loans for Vets
7702 E. Doubletree Ranch Road,
Suite 220
Scottsdale, AZ 85258
Phone: (480) 351-5904
Email: jimmyv@fcbmtg.com