The Pink House Team At Keller Williams Realty Helped Another Veteran Into His New Home
The Pink House Team at Keller Williams Realty helped another Veteran use their VA Home Loan Benefits to move his family into their dream home in Amarillo.
Online, November 9, 2013 (Newswire.com) - The Pink House Team assisted another Veteran in using his VA Home Loan benefits to buy a house. The Veterans Administration has a special program for Veterans when buying a house. One of the most attractive benefits is that VA requires no down payment.
Pamela Madore of the Pink House Team says, "We really love to help Veterans. They served our country risking their lives and I think that often we as a country forget that. Anytime we have the privilege of working with a Veteran we feel that that is our little way of giving back."
According to FindTheData their are more than 12,000 veterans that live in Amarillo. The maximum VA loan limit in Potter/Randall Counties is $417,000. The two important documents have Veterans will need is their DD214, proof of military service, and their Certificate of Eligibility. Their Certificate of Eligibility (COE) shows that they have met all of the necessary guidelines to become eligible, such as length of time served.
VA Home Loans are guaranteed by the Federal Government at a 25% ratio. What that means is that if a Veteran becomes in default of their home loan, the lender is guaranteed 25% equity thus minimizing the risk for the lender.
"We have found that not all banks and lenders participate in the VA Home Loan program", says Madore. "Most times banks and lenders never even ask if the applicant is a Veteran. We always ask the question and encourage Veterans to take advantage of their benefits. In the case of our most recent Veteran to buy a home, he found us through some of our local advertising. We want to make sure that every Veteran in Amarillo knows that we are here to help."
With loan limits up to $417,000 this program is beneficial to higher end buyers, too.
If you would like more information about VA loans contact Pamela Madore at 806-290-1920 or email at pam@pinkhouseteam.com