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Author Topic: First House/VA loans  (Read 754 times)

Offline Gunslinger

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First House/VA loans
« on: January 12, 2006, 09:13:10 PM »
WOA,
SOmeone please make the headaches stop.  Is buying your first house one gigantic headach after another?  Seriously doing all of this and planning a PCS move accross the country with HALF my possessions, 2 children, 2 dogs, 2 cats and a wife is stressfull enough.........

my first lender fell through.....seems he's not able to write a loan in the state of Texas.


breathe.....


OK i'm done.
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Offline Tarmac

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First House/VA loans
« Reply #1 on: January 12, 2006, 09:26:34 PM »
shoot the cats.  relieves stress and makes moving easier!
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Offline Gunslinger

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First House/VA loans
« Reply #2 on: January 12, 2006, 09:45:04 PM »
Quote
Originally posted by Tarmac
shoot the cats.  relieves stress and makes moving easier!


Best advice I've heard on anything in months....

but honestly I have a German Shepard and a Boxer/St Bernard, so the cats are relativly easier to move speaking of logistics only.
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Offline RedTop

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First House/VA loans
« Reply #3 on: January 12, 2006, 09:45:12 PM »
VA Loans are not as easy as conventional types.
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Offline Gunslinger

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First House/VA loans
« Reply #4 on: January 12, 2006, 09:47:06 PM »
Quote
Originally posted by RedTop
VA Loans are not as easy as conventional types.


Thank you Mr. Obvious  ;)

Sorry I'm just sore that I have to start all over with a new lender.  It's the last thing I need right now.
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Offline JBA

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First House/VA loans
« Reply #5 on: January 12, 2006, 09:50:22 PM »
When it's all over Congrats  Gun's
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Offline Gunslinger

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First House/VA loans
« Reply #6 on: January 12, 2006, 09:57:16 PM »
Quote
Originally posted by JBA
When it's all over Congrats  Gun's


Thanks JBA.


Question to all:  HOA fees, if they are included in a listing are they usually anual or monthly?
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Offline rpm

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First House/VA loans
« Reply #7 on: January 12, 2006, 11:08:29 PM »
Been there, done that, Guns. Financed my first home (1st one I financed, not 1st one I owned) thru the Texas Veterans Land Board. I felt like one of those trained poodles jumping thru hoops at the circus.

Never used this guy, but I've heard a lot of good things about him. It's CTX Mortgage. The guy's name is Rodney Anderson. www.rodneyanderson.com
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Offline Flit

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First House/VA loans
« Reply #8 on: January 13, 2006, 12:11:49 AM »
Quote
Originally posted by Gunslinger
Thanks JBA.


Question to all:  HOA fees, if they are included in a listing are they usually anual or monthly?

Quarterly in my experience(which is limited) check your Doc's
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Offline SFCHONDO

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« Reply #9 on: January 13, 2006, 12:14:17 AM »
HOA fees are different depending on the association. Mine you can pay monthly, small discount for 6 month payment and a better discount if you pay in full once a year. Rules are different depending on your Association too. Depends on what they wrote into there by-laws.
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Offline Gunslinger

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First House/VA loans
« Reply #10 on: January 13, 2006, 01:31:15 AM »
Quote
Originally posted by SFCHONDO
HOA fees are different depending on the association. Mine you can pay monthly, small discount for 6 month payment and a better discount if you pay in full once a year. Rules are different depending on your Association too. Depends on what they wrote into there by-laws.


OK but the propery I'm looking into lists the HOA fees on the listing.  they are $175 wich seems outragous if it's montly and cheap if it's yearly.  I'm just curious if this seems normal.  If it's monthly it puts the house out of my price range.
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storch

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First House/VA loans
« Reply #11 on: January 13, 2006, 08:02:47 AM »
given the current availabilty of funds for home purchases you may want to look into a conventional mortgage.  all the VA does is offer a guarantee to the lender that if you default they will pick up the mortgage.  as with anything involving the gubment they tack on many conditions that increase the cost of selling the product and delay it's implementation.  try and see if you can get one on your own. try this site http://www.refinancelibrary.com we have been using hemishere mortgage for our property investment needs.
« Last Edit: January 13, 2006, 08:11:33 AM by storch »
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Offline rabbidrabbit

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First House/VA loans
« Reply #12 on: January 13, 2006, 09:02:34 AM »
Guns, don't go with a VA loan unless you can't afford a conventional loan.  It will cost you a higher rate and is as you know, more paperwork intensive.  You might want to check some online banks like etrade which charge a low fee and very competitive rates.  If this is a PCS move and you expect to be PCS'ed again try a 5/1 ARM instead of a 30 year fixed.  If you are going to move within the next 5 years why pay the higher rate for a 30 year fixed if you are not going to be there anyway?  Do you know when your going to move after this?
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Offline john9001

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First House/VA loans
« Reply #13 on: January 13, 2006, 11:52:37 AM »
why can't buying a house be as easy as buying a car?
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storch

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First House/VA loans
« Reply #14 on: January 13, 2006, 12:03:58 PM »
Quote
Originally posted by john9001
why can't buying a house be as easy as buying a car?
it is
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