The Veteran's Homebuying Journey

Buying a home is a significant milestone, and for our veterans, there are unique benefits and steps to consider. This guide will walk you through the process, from understanding your VA benefits to closing on your new home.

Helping Veterans and Active-Duty Military Buy a Home in North Carolina

Buying a home is one of the most important financial decisions you will make, and veterans have access to some of the most powerful home financing benefits available. If you have served in the military, you may qualify for a VA home loan, a program designed to help veterans, active-duty service members, and eligible surviving spouses achieve homeownership with fewer financial barriers.

At Let’s Move Realty, we are proud to help veterans navigate the home buying process and take full advantage of the benefits they have earned through their service.

Benefits of VA Home Loans

VA loans offer several advantages compared to traditional mortgage options.

No Down Payment Required

Qualified buyers can purchase a home without making a down payment.

No Private Mortgage Insurance (PMI)

Unlike many conventional loans, VA loans do not require monthly PMI, which can save hundreds of dollars each month.

Competitive Interest Rates

VA loans typically offer lower interest rates compared to many conventional mortgage programs.

Flexible Credit Requirements

VA financing often allows for more flexible credit qualifications.

Limited Closing Costs

The VA limits certain closing costs and allows sellers to contribute toward buyer expenses.

Who Is Eligible for a VA Loan?

You may qualify for a VA loan if you meet one of the following:

• Active-duty military service members

• Veterans who have completed required service time

• National Guard or Reserve members

• Eligible surviving spouses of service members

A Certificate of Eligibility (COE) is required to verify eligibility for VA financing.

What Types of Homes Can Be Purchased With a VA Loan?

VA loans can be used to purchase several types of properties, including:

• Single-family homes

• Townhomes

• Condominiums (VA-approved)

• Newly constructed homes

• Manufactured homes (in some cases)

The property must be used as the buyer’s primary residence.