Unlocking the Door to Your Dream Home with VA Loans: A Guide for Veterans and Military Families

Liz Gibbs • Feb 14, 2024

At Eagle Mortgage, we're not just in the business of offering loans; we're in the business of making dreams come true. The journey to homeownership might seem daunting for the brave souls who've served our country. But it doesn't have to be. VA loans are designed to honor your service and make the path clearer and more accessible. The start is just the start: zero down payment, no private mortgage insurance (PMI), and lenient credit score requirements. So, if you're a veteran, an active-duty service member, or a surviving spouse, let's explore how VA loans can unlock the door to your dream home.


Eligibility for VA Loans


The first step on this journey is determining eligibility. VA loans are a privilege for:


  • Veterans
  • Active-duty service members
  • National Guard members
  • Reserve members
  • Some surviving spouses


You'll need to have served a minimum period and meet the service requirements set by the Department of Veterans Affairs. A Certificate of Eligibility (COE) is your ticket here, and at Eagle Mortgage, we can help you navigate this process smoothly.


Benefits of VA Loans


VA loans come with a suite of benefits designed to make homeownership more attainable:


  • No Down Payment: One of the most significant hurdles to homeownership is the down payment. VA loans often require none, making it easier to take the leap.
  • No PMI: Unlike conventional loans, VA loans don't require you to pay private mortgage insurance, even if your down payment is below 20%.
  • Competitive Interest Rates: The VA backs these loans, leading to lower interest rates compared to many conventional loans.
  • Lenient Credit Requirements: VA loans are more forgiving regarding credit scores, making them accessible to more people.


The Application Process


Applying for a VA loan with Eagle Mortgage is a journey we walk together:


  1. Pre-Qualification: We'll discuss your financial situation and what you're looking for in a home to get an idea of your loan amount.
  2. COE: You'll need a Certificate of Eligibility from the VA, which we can help you obtain.
  3. Loan Application: We'll guide you through the application, helping you gather and submit the necessary documents.
  4. Property Appraisal: The VA requires an appraisal to assess the value of the home you're interested in.
  5. Closing: Once everything is in order, we'll close the loan, and you'll get the keys to your new home.


Success Stories


A Navy veteran, John dreamed of a home where his family could grow roots. He bought a spacious four-bedroom house with a VA loan through Eagle Mortgage without draining his savings on a down payment. Maria, a single mother and Army reservist, thought homeownership was out of reach until she explored VA loans with us. Now, she's a proud homeowner, providing stability for her children.


VA loans are a bridge to homeownership for many who've served our country. With no down payment, no PMI, and competitive interest rates, they're an excellent pathway to owning your dream home. Eagle Mortgage is here to guide you every step of the way, from exploring your eligibility to handing you the keys. Your service deserves honor, and your dreams of homeownership deserve to be realized. Let's make those dreams come true together.

29 Apr, 2024
1 5-6 lb. bone-in pork shoulder roast 6 cloves garlic 4 tsp. kosher salt 1 tbsp. brown sugar 2 tsp. ground mustard 3 tsp. ground black pepper 1 large yellow onion, thinly sliced 8 sprigs of thyme 1 c. apple cider  TO SERVE: Dijon mustard 12 pretzel rolls, split and toasted Directions Trim the fat of the pork shoulder to about 1/4-inch thick. Cut 12 slits all over the pork. Slice each clove of garlic in half, lengthwise, and press 1 piece into each slit. Combine the salt, brown sugar, ground mustard, and black pepper in a small bowl. Rub all over the pork shoulder. Place fat cap side down in the insert of a slow cooker. Add the onions, thyme, and apple cider around the sides. Cover and cook on high for 6 hours, or low for 8 to 10 hours until pull-apart tender. Remove the sprigs of thyme. Using two forks, pull the pork into bite-sized pieces. Gently toss with the onions and juices in the slow cooker. Hold on warm for up to 4 hours while serving. To serve: Spread Dijon mustard on the insides of each pretzel roll. Top with pulled pork and onions. YIELDS: 6 - 8 serving(s) PREP TIME: 10 mins TOTAL TIME: 6 hrs 10 mins
By Liz Gibbs 18 Apr, 2024
Understanding Residential Real Estate Residential real estate encompasses property specifically zoned and utilized for living purposes, contrasting starkly with commercial or industrial real estate designated for business operations. When we talk about residential properties, this includes a variety of housing types such as single-family homes, townhouses, and condominiums. Each type offers different benefits, catering to diverse needs based on family size, budget, and lifestyle preferences. The Types of Residential Properties Available The spectrum of residential real estate is broad: Single-family homes are detached buildings typically found in suburban areas, ideal for families seeking privacy and space. Townhouses provide a unique blend of community and independence, with shared walls but separate ownerships. Condominiums offer a communal living style, often with shared amenities like pools, gyms, and social areas, making them perfect for those who prefer a low-maintenance lifestyle. Additionally, residential properties are not only about providing a roof over one’s head but also reflect a variety of architectural styles—from the simplistic charm of single-story ranch homes to the intricate designs of Victorian houses. Residential vs. Commercial Real Estate  Residential zones are designated for living and cannot house large-scale business operations, which are reserved for commercial real estate. Understanding this distinction is crucial, especially when planning where to invest or establish a home. The Role of a Real Estate Agent Embarking on a home buying journey? Consider partnering with a knowledgeable real estate agent. Agents familiar with your desired area can be instrumental in helping you find a home that fits your criteria. It’s wise to seek referrals and interview several agents to ensure a good fit for your real estate needs. Real Estate as an Economic Indicator Real estate significantly influences economic trends, evidenced by housing starts data which reveals insights into economic health and consumer confidence. For instance, shifts from single-family to multifamily housing starts might indicate a future shortage in single-family homes, potentially driving up prices. Investment Opportunities in Real Estate Investing in real estate can be a lucrative endeavor. Options range from purchasing homes to live in, acquiring rental properties, or engaging in house flipping. Each method serves different goals and risk levels, from stable income from rental properties to potentially high returns from selling flipped houses. Why Eagle Mortgage? At Eagle Mortgage, we understand the complexities of residential real estate. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we provide the insights and services necessary to navigate the real estate market effectively. Stay Connected For more insights and updates on navigating the real estate market, follow and like our social media accounts. We’re here to help you make informed decisions in your real estate journey. Eagle Mortgage is more than just a mortgage company—we are your partner in turning real estate opportunities into realities. Follow us on [Facebook, Instagram, Twitter] for the latest updates and expert advice. Join our community today!
By Liz Gibbs 28 Mar, 2024
2 tablespoons olive oil 1 small onion 2 garlic cloves minces 3 1/2 cups reduced sodium chicken broth 1 pound uncooked whole wheat orzo pasta 1 cup water 4 cups arugula 3 tablespoons lemon juice 1 pound uncooked shrimp (31-40 per pound) peeled and deveined 1/2 teaspoon salt 1/4 teaspoon pepper 1/2 cup Greek olives, halved 1 1/2 cups crumbled feta cheese Fresh basil leaves Directions In a large skillet, heat oil over medium-high heat. Add onion; cook and stir until crisp-tender, 3-4 minutes. Add garlic; cook 1 minute longer. Stir in broth, orzo and water. Bring to a boil; reduce heat. Simmer, uncovered, until orzo is al dente, 8-10 minutes. Stir in shrimp, arugula, lemon juice, salt and pepper. Cook and stir until shrimp turn pink, 4-5 minutes. Stir in olives. Sprinkle with feta and fresh basil. Total Time Prep/Total Time: 30 min. Makes 8 servings Nutrition Facts 1 cup: 367 calories, 11g fat (3g saturated fat), 80mg cholesterol, 808mg sodium, 44g carbohydrate (1g sugars, 10g fiber), 22g protein.
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