VA Home Loan Benefits- Information and more

[Manuel Llanas]

So, I figured that posting a VA Home Loan Benefits - Information and More. Would help those of my brother's and sister's in arms. I have looked in the forums and could not find a detailed description of this. So I figured that I would create a post and say what I know of the VA benefits from what I have used for getting my current home and then having others add in to it.

So, when I used my VA Home Loan benefits. It was back in March 2020, just a couple months before covid lockdown hit. I got to know a great loan broker in my area and an aspiring real estate agent to help me get a townhouse. This will be a short amount of information in regards to me using the VA Home loan benefits. I had found a place that I was able to afford ($175,000) at the time. My loan broker was able to get me set up for my VA benefits of $0 down and only $1k and some change for the closing cost, with an APR of 3.25%. Owner paid for the inspection and the place is livable. I only spend about $976 per month and $515 per year on insurance. $95 for HOA (uggh HOA is difficult but still useful on certain things). Yearly taxes is roughly $2k. So, my monthly expensive for the property itself (not including utilities, PG&E), is $1,113.92 per month. An amazing price for a 2 Bedroom, 1.5 bathroom, 2 carports, 2 story townhouse.

If anyone else has any unique information to add on. please do. let's make a post that is all about the VA Home Loan Benefits.