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VETERAN AND ACTIVE DUTY HOME BUYERS

For most Veteran Buyers the home buying process appears to be a frightening maze involving many unanswered questions: emotional, financial and legal. At Veterans Realty Services we specialize in catering to the needs of the Veteran Buyer.

Through specialization we can make the Veteran Home Buying process a smooth, pleasant experience, saving you money in the process.

Our Real Estate Professionals have helped thousands of families realize the dream of Home Ownership. We can help you find the home you want and get the financing you need to make your home buying dreams a reality.

Buyers Protection:

  • Every home must be appraised by a certified Government appraiser, guaranteeing that you pay fair market value.

  • Every home must have a state licensed termite inspection and clearance provided to the Buyer at Close of Escrow.

  • All homes come with a one-year home warranty. This policy insures you against any major expense that could arise from plumbing, heating or electrical problems within the first year you own your home.

Best Home Loan Terms:

  • You can qualify for a home loan of up to $400,000 without needing any money down.

  • The seller may pay all of the Buyers closing costs. This way you move in with no money out of your pocket.

  • Your Interest Rate is fixed, so you never have to worry about your house payments going up.

  • You can use a No Down VA Home Loan as many times as you want.

  • When you buy your VA home its also possible to have the seller pay off up to $6000 of your personal debt to help you qualify for the VA Loan.

  • Your Home Owner's Tax Break can make up to 25% of your house payment for you!

If you think that owning a home might cost more than renting, think again! Just take a look at our example and chart below and you'll realize that the opposite is true! Especially when you take into consideration, the incredible Tax Break you receive when you become a Home Owner!

Payments on your own home are fixed
They don't go up like rent!

A single person with an annual salary of $40,000 has itemized deductions of $2,000 without owning a home. Since $2,000 is less than the Standard Deduction of $3,600 this person would use the Standard Deduction if renting. The person buys a condo or a single-family unit with an annual mortgage principal, interest and property tax payment of $12,000 ($1,000 per month).

Description Renting  Buying
Wages
$ 40,000
$ 40,000
Standard Deductions
    (3,600)
Itemized Deductions
  (14,000)
Exemptions (1)
    (2,300)
    (2,300)
Taxable Income
   34,100
   23,700
Income Tax - Federal
     6,753
     3,841
Income Tax - State
     1,901
     1,050
Total Tax
$   8,734
$   4,891
W-4 Exemptions
       One
        Six
Approx. Mo.. Take-home Pay
$   2,274
$   2,574

How Much Rent Will You Pay?
(Assuming a 5% annual rent increase)

MONTLY (3) YEARS (5) YEARS (10) YEARS (30) YEARS
  $800.00 $30,240 $52,800 $117,600 $496,800
  $900.00 $34,020 $59,400 $132,300 $558,900
$1000.00 $37,800 $66,000 $147,000 $621,000
$1100.00 $41,580 $72,600 $161,700 $683,100
$1200.00 $45,360 $79,200 $176,400 $745,200
$1300.00 $49,140 $85,800 $191,000 $807,300
$1400.00 $52,920 $92,400 $205,800 $869,400
$1500.00 $56,700 $99,000 $220,500 $931,500

 

 

© 2006 Veterans Realty Services

VA Lender - Equal Housing Opportunity

 

 
 
VA Home Loan Benefit