Buyer Tips

Are you searching for real estate in Snohomish or King County?

When specifically buying a home with a VA loan there are some eligibility requirements to consider:

  → Active Duty Service Personnel are eligible after having served on continuous active status for at least 90 days.

  → Prior Service Personnel eligibility is dependent on whether service occurred during Wartime or Peacetime

    Wartime Service personnel must have served at least 90 days on active duty and been discharged or released under other than dishonorable conditions. If service was less than 90 days they may be eligible if discharged because of a service connected disability

    Peacetime Service personnel have served at least 181 days of continuous active duty and been discharged or released under conditions other than dishonorable. If service was less than 181 days they may be eligible if discharged because of a service connected disability. Contact a VA Loan Specialist to determine whether 181 service days occurred during peacetime periods.

    Two Year Requirement Period: If the Veteran’s period of service was between September 7, 1980 (or October 16, 1981 for officers) and August 1, 1990 the Veteran must have completed 24 months of continuous active duty or the full period (at least 181 days) for which the Veteran was called or ordered to active duty, and been discharged or released under conditions other than dishonorable.

    Members of the Selected Reserve are eligible if they are not otherwise eligible and have completed at least 6 years in the Reserves or National Guard, or been discharged because of a service connected disability, and

    • have been discharged with an honorable discharge, or
    • have been placed on the retired list, or
    • have been transferred to an element of the Ready Reserve, or
    • continue to serve in the Selected Reserve

    Other Types of Eligibility: Certain US Citizens, surviving spouses, personnel discharged for service connected disability, medical or mental conditions, or reduction in force may be eligible. Please contact a VA Loan Specialist to help determine eligibility.

For all your VA loan requirements on financing and lending, contact Veteran Realty Services for more information:  CONTACT US

Tips for buying:

  1. Know what you want before you start out. Make a list of wants and needs and what you can live without and the things you can't
  2. Get a pre-approval letter from your lender ahead of time so you are ready when you do find the right home.
  3. Always have an inspection even when you plan on not asking for anything. Its a great way to learn about your home.
  4. If you do ask for repairs, make sure you don't ask for too much but enough that you would feel comfortable accepting the answer. Rule of thumb, if you ask for everything you may get nothing.
  5. Between the inspection and closing there is a quiet time for Escrow, lenders and title companies to do their job. Your job is making sure your home owners insurance is ready to go and start to prepare for packing.
  6. At Veteran Realty Service, we will help answer any questions all the way through the process. Call us at any time.  1-800-788-3181

Find out more about Saving for your home here

 

Veteran Real Estate Services - Everett Washington Real Estate
 Veteran Realty services the entire Snohomish and King County Specializing in Veteran real estate and VA Loans in the Everett real estate area.