I am searching for a house. The truth is, I need a bigger place. I would like a 3 bedroom or a 2 bedroom with an extra family room or a loft. The extra room will be my office/craft room. And I would like a townhouse. I have enough things going on that I do not have time to work on a yard. Plus, the thought of someone else plowing my driveway is just too good to pass up.
So, I've been looking through listings. I've seen a few nice properties with 2 bedroom and a loft. I can't truly commit now because my credit isn't high enough. But, I'm working with a program who will help me get my credit score up so that when I am at the end of my current lease, I can get a decent rate. I'm going with a loan through the VA. With the VA, I don't need a down payment, there is no PMI and I just might get a better rate than a conventional loan. Sometimes, it pays to be a veteran.
The VA says it does not have credit score requirement, nor does it have a credit history requirement. However, banks are less likely to lend to you if you don't have a minimum score of 640. VA loans are designed for veterans and service members, some of whom don't have a great credit history. Most of the programs out there who help veterans get these loans have a secondary program designed to help veterans raise their credit score. Often, these programs are free.
I look forward to sharing my journey to homeownership with you.
Thanks for the follow--I'm following you back via GFC!
ReplyDeleteHey Jen! Thanks so much for following my blog - I'm following you back now! Home buying is tough. We're still renting and would like to buy as well but it's so hard! I will be here to cheer you on! :) Also, your son is so handsome! I look forward to keeping up with you and your life stories!
ReplyDeletexo,
Jen @ Yummy. Healthy. Easy.
Thanks, Jen. Yes, he is a cutie. Thanks for the follow!
DeleteGood luck to you. Buying a house is one of life's biggest milestones. And this is a great time to do it.
ReplyDeleteGood luck on your hunt! Thanks for following Mommy Time Out
ReplyDeletethanks for visiting me today at http://chixnuggetsandcookiebutts.blogspot.com
ReplyDeletei'm following you via gfc
thanks for visiting me today at http://chixnuggetsandcookiebutts.blogspot.com
ReplyDeletei'm following you via gfc
Visiting from the GFC blog hop.
ReplyDeleteGood luck with your hunt! I'm just looking for an apartment now and it's all crazy, so I can just imagine house hunting. I look forward to reading about it!
Your Newest Follower
Misfit Librarian
http://misfitlibrariansadventures.blogspot.com/