If you are a veteran looking for a home, you’ve come to the right place. For over a century, we have helped Veterans, just like you, find the perfect home. As a thank you to our service members, Blanchard and Calhoun Real Estate Company, through our affiliation with Leading Real Estate Companies of the World, offers a Military on the Move (MOM) program for all active, former, and retired military. In addition to our real estate services for our soldiers; we are partnered with some of the best VA specialty lenders in the CSRA.
If you want to know how you can buy a home with a VA backed home loan, we’ve got you covered in this step-by-step guide for Veterans.
Applying for a home loan: First, you will need to get pre-approved for a mortgage loan before you begin house hunting. As a Veteran, you will most likely qualify for a VA loan, so you will want to find a lender that specializes in VA Home Loans. To fill out an application, connect with a VA specialty lender by clicking here.
Benefits of a VA Mortgage Loan
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Low or no down payment
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No mortgage insurance requirement
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Low closing costs
Register with the U.S. Military on the Move: for a real estate rebate when you buy or sell a home.
What is Military on the Move (MOM)?
When you buy or sell a home through the U.S. Military on the Move, you’ll receive a cash value rebate based on the actual sales price- not a fixed amount based on a range of values- and you’ll receive your rebate at settlement!
Buyers and sellers can register for MOM by clicking here or by contacting their Blanchard and Calhoun real estate agent.
“Blanchard and Calhoun agents are proud to give back to our military community and normally see an average $1500 rebate provided to their military clients who use the Military on the Move program. This rebate is helpful in the buyer purchasing refrigerators, blinds, fences, and other upgrades.”- Carey Miller, Relocation Direction, Blanchard and Calhoun Real Estate
Hire A Real Estate Agent: Buying a home with a VA loan is a little different than buying a home with a conventional loan; for this reason, you will want to partner with a real estate professional that specializes in the VA process. The VA allows certain fees and costs to be paid by the seller, and a knowledgeable agent understands this process and knows how to negotiate the seller-paid fees so that you, as a buyer, owe less at closing.
Shopping for a home: You and your agent will look for a home that meets your search criteria. With a VA approval, you will be able to purchase a single-family home, townhomes, and condominiums. In most cases, investment properties and second homes are not eligible for VA Home Loans. Once you’ve found the right home and signed a purchase agreement, you can move forward in the VA loan process.
Inspection & Appraisal: There are unique requirements for properties financed by the VA. In some states, the VA may even require additional inspections for water quality, termites, or other potential hazards.
In addition, only a VA-approved appraiser can conduct the appraisal and the home you are interested in buying will need to meet basic property condition requirements. Your VA appraiser will then provide an opinion on the value of the house.
Closing: Once you’ve had the home inspected and appraised, it’s time to “seal the deal.” Your closing may be held at a title company, escrow office, or attorney’s office. Once all of the paperwork is signed and the closing is officially completed, you’ll receive the keys to your property. Congratulations
Ready to get started? Find a VA knowledgeable agent here.
We are truly grateful for your service.
From our family to yours,
THANK YOU!