El Paso Homes for Sale|Remax Agent|First-Time Buyer
If you are not already working with an Agent please call this Buyer's Agent, 873-8646 to see any home in El Paso - Horizon - Fort Bliss - Santa Teresa
VA Loan for Active Duty Personnel
The VA states for Active Duty Service Personnel "if you are now on regular duty (not active duty for training), you are eligible after having served 181 days (90 days during the Gulf War) unless discharged or separated from a previous qualifying period of active duty service."
To obtain a VA-insured loan you will need a "Certificate of Eligibility." Generally a lender can obtain this for you, however there may be situations where you will have to apply directly for this certificate using VA Form 26-1880.
Because rates can be different you will want to speak with various lenders to get the best rate. Also, be sure you have all certificates and approvals in place before you go house hunting. This will prevent possible contractual and settlement delays and problems. A base housing officer can provide additional information or you can call the VA in the US at: 1-800-827-1000.
If you own a home that you need to sell to finance your new home purchase a Bridge Loan. This type of loan is for a short period (days, weeks) which will be paid in full at closing. Ask you lender about a Bridge Loan.