No Down Payment Home buying using your VA loan

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No down payment using your VA loan - buy foreclosures, short sales, equity homes in San Diego county - free seminar to help you buy your dream home …

No down payment using your VA loan - buy foreclosures, short sales, equity homes in San Diego county - free seminar to help you buy your dream home
































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  • 1. Using Your VA Loan One of the Best Benefits of Military Service Home Buying Made Easy
  • 2. Who We Are
    • Keith Christian
      • Over 30 Years in Real Estate
      • Mortgage Broker Specializing in VA Loans – Closed 27 VA Loan in the Past 2 Years
    • Susy Thomas
      • Real Estate Broker Experienced in Residential and Commercial
      • Represents VA Loan Buyers to Purchase Foreclosures, Short Sales, as well as Traditional Sales
  • 3. VA Loan Approval Process
    • Prequalification- Can be done over the phone
    • Complete 1003 VA Mortgage Loan Application
    • Run credit
    • Provide financial documentation required for VA Loan
    • Determine how much you can borrow
      • Monthly Payment = Principle + Interest + Property Tax + Insurance
    • No money down – Low closing costs
      • Then you can start looking at houses to make offers
  • 4. House Hunting
    • Price
    • Neighborhood
    • Size
    • Single Family Detached Home
    • Condominium, Town house - Attached
      • VA approved complex
      • Monthly HOA fees
  • 5.  
  • 6. MLS – Multiple Listing Service
    • RE Agent can filter property
      • Send you only those that meet your criteria AND are still active
      • Differentiate Short sales and Foreclosures
    • “Window” shopping via the internet
      • Photos, virtual tours
      • Room and lot sizes
      • Year property was built
      • Monthly HOA fees
  • 7.  
  • 8. Today’s Market
    • Traditional sale
      • Seller has equity
      • Buyer can request repairs
    • Short sale
      • Seller owes more than the property is worth
      • Long process requiring seller’s lender approval
    • Foreclosure (REO)
      • Lender has taken ownership – bank owned
  • 9.  
  • 10. House Hunting Trips
    • Based on your criteria and amount you qualify to purchase
      • RE Agent make schedule to maximize time
      • Keep notes – take photos
    • Remember paint and flooring are inexpensive
    • Major repairs needed – VA will not approve
      • Home must be safe and habitable
  • 11. Offer and Negotiation
    • Asking price is not firm
    • BPO – Broker’s price opinion
    • Appraised value is critical
    • Specify personal property to be included
    • Include closing cost credit for buyer in offer
      • VA allowables/non-allowable closing costs
      • Electronic Signatures from your computer
  • 12. Today’s Market
    • Traditional sale
      • Seller has equity
      • Can request repairs
    • Short sale
      • Seller owes more than the property is worth
      • Long process requiring lender approval
    • Foreclosure (REO)
      • Lender has taken ownership – bank owned
  • 13. Today’s Market
  • 14. Time Line for VA Loan
    • Loan submittal package
    • Executed contract – Open escrow
    • 30 - 45 Days to Close Escrow (COE)
      • Loan processing of buyers’ package
      • Underwriting of Loan by VA Lender
      • Keith monitors and coordinates for you
  • 15.  
  • 16. Escrow
    • Escrow is Neutral 3 rd Party
      • Manages the sale and purchase process
    • MLS changed to “Pending”
    • Home Inspection
    • Appraisal
    • Preliminary Title Report Review
    • Seller Disclosures/VA Loan Disclosures
    • Sign Loan Documents
    • Loan Funds
    • Purchase Records
    • Escrow Closes
  • 17.  
  • 18. Team Advantages
    • Customer Service
      • Available 7 Days a week
      • Evenings
    • Experienced in Short Sales and Foreclosures using VA Loans
    • Questions answered every step of the process
    • Combined 33 years experience in San Diego Real Estate
    • NO COST to YOU
  • 19.  
  • 20. Contact Info
    • Keith Christian
      • (858) 414-7106
      • [email_address]
    • Susy Thomas
      • (858) 361-8174
      • [email_address]
  • 21. References
    • Keith Christian
      • Art Guzman (619) 341-3007
      • Jill and Chris Gora (619) 623-0713
      • Tim and Cyndi Armer (847) 445-4265
      • Steve Casarez (619)0756-8040
    • Susy Thomas
      • Tim and Irene Zlotnicki (760) 687-8808
      • Imelda Dominguez (979) 492-4570
      • Joe and Lanae Wolchko (619) 334-6649