Sep-29-2008
Can someone help me figure out VA home loans?
I am at Square One in the whole home-buying arena so I have no knowledge. I am stationed overseas with 15 months left before I go back to the states. I want to buy a 2 bed-room in Austin Texas (average home $190,000). I am active duty Army and can use the VA home loan. My credit is poor , but I have little debt besides student loans (I paid off my old credit debt).
I know this is kind of vague but can someone give me a good place to start doing research and places that give good tips for first-time home buyers?
Contact a mortgage broker in the area you wish to buy a home. They will iron everything out for you.
You may want to check the Texas Dept of Housing and see what first time home buyer programs they offer. You may qualify for a discounted interest rate loan or downpayment assistance. They may be able to help you in obtaining a VA loan.
Check out the link below to learn more. Good luck!
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