ATTENTION NC VA Home Buyers!!!

If you are a member of Pope A.F.B., Seymour Johnson A.F.B., Fort Bragg, Air Station Elizabeth City, National Strike Force, Camp Lejeune, MCAS Cherry Point, or MCAS New River you may qualify for a VA Loan and we will help make the process as simple and easy as possible.

In 1944, near the end of the second World War, President Franklin D. Roosevelt enacted the Servicemen’s Readjustment Act. This is what we know today as the GI Bill of Rights. This act provided veterans with a federally guaranteed home with no down payment. For millions of veterans, this gave them and their families an opportunity to realize the family dream of home ownership.

VA Loan Overview

The loans are guaranteed by private lenders which include banks and mortgage companies. As long as the veteran is eligible to purchase the home, which is required to be for their own personal occupancy, the lender is protected against a loss if the loan is not repaid. This is why no down payment is required and the veteran and his or her family can obtain very favorable financing terms.

If you are a veteran and you want to apply for a VA Loan, what is your next step? The answer is to follow the normal steps of home buying and that is to get preapproved from a mortgage lender by calling my expert in VA mortgages, Tim Jackson of Alpha Mortgage, in Jacksonville, NC. Tim will help determine your credit rating, your income to debt ratio and go through the process of helping you understand what your monthly costs might be. This will give you a solid understanding of what you can afford. Once we have determined what you are preapproved for, we will have a clearer understanding of how much you will need from your VA Loan.

The maximum guarantee (amount backed by the Federal government) authorized by the VA is 25 percent of the loan amount up to $104,250 (the reason VA loans do not require a down payment) and the maximum VA home loan is $417,000.

If you are looking to refinance, a VA Loan can help with that as well. Be sure to ask your Alpha Mortgage broker about the Streamline Refinancing Program. If you qualify you may be able to refinance at little or no expense.

Here in eastern North Carolina, in Carteret County and the Crystal Coast we are extremely lucky to be surrounded by so many of our nations finest soldiers who never hesitate to put their life on the line to protect ours. My realty company (Fathom) and I have an appreciation for the men and women of this country that runs deep. My partnership with Tim Jackson and Alpha Mortgage assures you that we will work as hard as we can to make sure any military family can realize their dream of home ownership. Whether you are a member of Pope A.F.B., Seymour Johnson A.F.B., Fort Bragg, Air Station Elizabeth City, National Strike Force, Camp Lejeune, MCAS Cherry Point, or MCAS New River you may qualify for a VA Loan and we will help make the process as simple and easy as possible.

To get the process of home buying started, simply text or call me today at 919-308-2292 or send an email to: DRaczkowski@fathomrealty.com.