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    Making the Most of Your Veterans Affairs (VA) Home Loan Benefits: An Active Duty Service Member and Veteran's Guide to Home Ownership
    Making the Most of Your Veterans Affairs (VA) Home Loan Benefits: An Active Duty Service Member and Veteran's Guide to Home Ownership
    Making the Most of Your Veterans Affairs (VA) Home Loan Benefits: An Active Duty Service Member and Veteran's Guide to Home Ownership
    Ebook132 pages1 hour

    Making the Most of Your Veterans Affairs (VA) Home Loan Benefits: An Active Duty Service Member and Veteran's Guide to Home Ownership

    By David Nelson

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    About this ebook

    According to the U.S. Census Bureau there are 18.8 million veterans, but only 4 percent of them have actually used their VA Home Loan benefits. The reasons they are not taking advantage of this opportunity tend to be lack of training, miseducation, and, most importantly, fear. This new book lays out a detailed, step-by-step procedure for veterans to navigate through difficult subject matter in a way that will eliminate any concerns or fears they may have about purchasing a home. The author explains the real estate market for beginners and guides veterans on how to strategically use their VA Home Loan benefits. He uses his real-life experiences as both a veteran and a real estate agent to back up his claims and provides examples. Furthermore, he is able to take a complex process and simplify it for the average veteran. The knowledge, guidance, and recommendations you obtain from the author will allow you to begin your journey to home ownership today.

    LanguageEnglish
    PublisherAtlantic Publishing Group, Inc.
    Release dateFeb 2, 2018
    ISBN9781620235225
    Making the Most of Your Veterans Affairs (VA) Home Loan Benefits: An Active Duty Service Member and Veteran's Guide to Home Ownership

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      Book preview

      Making the Most of Your Veterans Affairs (VA) Home Loan Benefits - David Nelson

      MAKING THE MOST OF YOUR VETERANS AFFAIRS (VA) HOME LOAN BENEFITS An Active Duty Service Member and Veteran’s Guide to Home Ownership

      Copyright © 2017 Atlantic Publishing Group, Inc.

      1405 SW 6th Avenue • Ocala, Florida 34471 • Phone 800-814-1132 • Fax 352-622-1875

      Website: www.atlantic-pub.com • Email: sales@atlantic-pub.com

      SAN Number: 268-1250

      No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be sent to Atlantic Publishing Group, Inc., 1405 SW 6th Avenue, Ocala, Florida 34471.

      Library of Congress Cataloging-in-Publication Data

      Names: Nelson, David, 1975- author.

      Title: Making the most of your Veterans Affairs (VA) home : an active duty service member and veteran’s guide to home ownership loan benefits / by David Nelson.

      Description: Ocala, Florida : Atlantic Publishing Group, Inc., [2017] | Includes bibliographical references and index.

      Identifiers: LCCN 2017053851 (print) | LCCN 2017055743 (ebook) | ISBN 9781620235225 (ebook) | ISBN 9781620235218 (pbk. : alk. paper) | ISBN 1620235218 (alk. paper)

      Subjects: LCSH: Veterans—Loans—United States. | House buying—United States. | Mortgage loans—Law and legislation—United States. | United States. Veterans Administration.

      Classification: LCC UB357 (ebook) | LCC UB357 .N375 2017 (print) | DDC 362.86/82—dc23

      LC record available at https://lccn.loc.gov/2017053851

      LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Web site is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or Web site may provide or recommendations it may make. Further, readers should be aware that Internet Web sites listed in this work may have changed or disappeared between when this work was written and when it is read.

      TRADEMARK DISCLAIMER: All trademarks, trade names, or logos mentioned or used are the property of their respective owners and are used only to directly describe the products being provided. Every effort has been made to properly capitalize, punctuate, identify, and attribute trademarks and trade names to their respective owners, including the use of ® and ™ wherever possible and practical. Atlantic Publishing Group, Inc. is not a partner, affiliate, or licensee with the holders of said trademarks.

      Printed in the United States

      PROJECT MANAGER: Danielle Lieneman

      INTERIOR LAYOUT AND COVER DESIGN: Nicole Sturk

      Table of Contents

      Foreword

      Introduction

      CHAPTER ONE: Overview

      CHAPTER TWO: Prerequisite I — Veterans Affairs Home Loan

      CHAPTER THREE: Prerequisite II — Understanding Your Credit

      CHAPTER FOUR: Step One — Obtaining Your Pre-Approval Loan

      CHAPTER FIVE: Step Two — Working With Real Estate Agents/Realtors

      CHAPTER SIX: Step Three — Searching for Property

      CHAPTER SEVEN: Step Four — Submitting a Contract

      CHAPTER EIGHT: Step Five — Negotiations

      CHAPTER NINE: Step Six — The Road to Closing

      CHAPTER TEN: Assets & Liabilities

      CHAPTER ELEVEN: Acquiring Income Property

      Epilogue

      APPENDIX I: Veterans Affairs Home Loan Buyer’s Checklist

      APPENDIX II: Final Walk-Through Checklist

      APPENDIX III: Sample MLS Listing

      APPENDIX IV: Recommendations

      APPENDIX V: Glossary

      About the Author

      Foreword

      David Nelson has written the Bible for service members and veterans to use their VA home loan benefits. It’s an amazing tool to have access to. I encourage everyone, whether you are active-duty military, a veteran, or even a civilian to read this book. While reading Making the Most of Your VA Home Loan Benefits, I realized that David had a truly unique advantage to have been on both sides of the table when it comes to purchasing homes as a service member and real estate agent. He didn’t just write about the home buying journey, but he takes the reader through the process step-by-step, without missing a beat, from obtaining the loan to the final walk through and closing. 

      I am an associate broker and manager at 1st Class Real Estate in the Hampton Roads area of Virginia that have been assisting military families for nearly 10 years with the sale and purchasing of properties. As a certified military residential and relocation specialist, I spent the majority of my career working with service members and veterans. Due to my qualifications and outstanding reputation with in the Hampton Roads community, David approached me with the opportunity to review and contribute to his book with my honest unbiased professional opinion. Prior to publication I was ecstatic that we got a chance to meet to hear his story and ideas to remove the fear from service members and veterans about purchasing homes. 

      While still on active duty, David took it upon himself to attend night classes to obtain his real estate license simply just to learn about the process before actually purchasing his first home. That decision led David to an interesting career as a realtor. I found it to be both incredible and sad that he felt that he had to go to such lengths to get information to utilize a benefit that belongs to him, but many service members feel the same way as he did. Purchasing a home with the VA home loan benefits is one of the best financial advantages of serving. In this book David also went through great lengths to obtain quality resources for his readers to use, including a credit repair specialist, his personal loan officer, and numerous real estate agents (that he personally researched) around the country in many highly populated military cities that specialize in assisting veterans.

      This book will help service members and veterans potentially build future wealth by purchasing income properties. Veterans now have a manual available to them from one of their brothers in uniform. It is obvious after reading this book that he is someone who has been through the home buying process multiple times as an active duty service member and a real estate professional. David has the blueprint in these pages, and now it is yours.

      Cassandra Simpson

      Associate Broker

      Manager

      CMRS, MRP, ABR, CSR

      COE Award Winner

      1st Class Real Estate

      Hampton Roads Virginia

      757-751-0482

      Letsimpsonsellit@gmail.com

      Introduction

      There are plenty of books out there for first-time home buyers, but not too many for veterans explaining how to properly use their VA Home Loan to purchase properties. In the military we

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