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VA Buyer Info

Contact Information

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Integrity Home & Finance, Inc.
12058 San Jose Blvd.
Suite 501
Jacksonville, FL 32223
Phone: (904) 997-8064
Email: integrityrealestate@hotmail.com

 

IMPORTANT NOTICE:
The First-Time Homebuyer Tax Credit of $8,000 has been extended!
 
This is great news for our Military Homebuyers. All you need to do is be under contract on a home by April 30, 2010 and then close your transaction no later than June 30, 2010.
 
This credit is for anyone who has not owned a home in the past three years and who makes less than $125,000 per year (if you’re single) or $250,000 per year (if you’re married and filing jointly). The credit is paid to you with your tax refund, and is on top of any other refund you’re entitled to.
 
Also, if you are a current homeowner and have been in your home for at least five years out of the past eight years, you could receive a tax credit of up to $6,500.
 
Both of these credits are real money in your pocket – simply for buying a home. Just think of it, you can purchase a home using VA financing for NO money out of your pocket at closing AND get paid a pretty good chunk of change for doing so.
 
Don’t let this opportunity pass you by. Home prices in the Jacksonville area are extremely low at this time, as are VA interest rates. The first-time homebuyer credit WILL end. Don’t be kicking yourself because you didn’t take advantage of all the opportunities you have available to you as a Veteran or Active Duty Military.
 
Call us today if you would like to discuss any issues about buying and financing a home purchase. We’re here to help.
 
(904) 997-8064

 

The VA NO-NO

I'm Tom Harris, Realtor, broker-president of Integrity Home & Finance and author/publisher of Homes For Veterans Magazine. And I want to be your Realtor.

Buying a home for NO Money Down and with NO Closing Costs is easy -- if you know how to do it. This is the classic Integrity VA NO-NO.

Here are the details:

First of all, if you are a veteran or active duty military and use VA financing for your home loan, you can buy for no money down if you purchase below $417,000. In fact, there are only two loan programs available today where you can buy for No Money Down. They are VA and the USDA's Rural Housing Program. USDA has income and area restrictions. VA doesn't. If you've been in the service and have received an Honorable Discharge (or are still on active duty), you are eligible for VA financing.

Which brings up another point. Even though you are "eligible" for VA financing, you still need to "qualify" for a loan. Qualifying involves an analysis of your debt, income, employment and credit history. This is what we do during the Pre-Qualification process and is the very first thing you need to do to begin your homebuying journey.

As far as closing costs go, it's important for you to realize that ALL loans have closing costs. The only question is who pays them?

   Every buyer and every seller have their own basket of closing costs. The great thing     that sets VA apart from other loan programs is that VA allows the seller to pay all of your (the buyer's) closing costs. But the important thing to remember is: THEY DON'T HAVE TO! They're just "allowed" to.

   This is where offer negotiation comes in. You must ask for the seller to pay your closing costs, and then give them the incentive to do so.

   Buyer's closing costs normally run about 3.5% of the purchase price. That means on a $150,000 purchase, your closing costs are around $5,200. If you have this much cash laying around, and are willing to part with it, then no problem. But with most of my buyers, getting all the closing costs paid for you is of utmost importance.

   As both a real estate company AND a VA mortgage broker, we have a lot more latitude when it comes to negotiating closing costs. In fact, we are the only company I know of that will GUARANTEE a full VA NO-NO for our customers. All you need to do is use us as both your Realtor and your VA mortgage broker.

Nothing wrong with that, right? We are the experts. We have been doing this for over 22 years. We are the publisher of Homes For Veterans Magazine. We have made the absolute commitment to the military homebuying community. And all of our services to you are FREE.

So why wouldn't you want to use us, even if we didn't guarantee you a VA NO-NO?

But we do. So let's get together and get you a home for NO Money out of your pocket at closing. Simply fill out our VA Loan Pre-Qualification Worksheet and we'll take it from there. You don't need to know the entire process from A to Z. That's what we do for you. You just relax and let us handle all of the details...!

Call us today at (904) 997-8064 if you have ANY questions at all about any aspect of the homebuying and financing process. There is a lot of misinformation and confusion out there about real estate these days. We'll help explain it all.

I'm Tom Harris, Realtor, broker-president of Integrity Home & Finance and author/publisher of Homes For Veterans Magazine. And I want to be your Realtor.