I started looking at rentals in Jan and it occurred to me that buying might be cheaper. With the HOA I think owning is about 100 more a month, but I own it. The important thing is I have so much money that I can set aside for the mortgage, taxes and HOA, and I needed the purchase to fit that. I worked with two different relators and three different lenders trying to get someone who would be available during normal business hours to answer questions, and able to give me non sugar coated what can I actually afford, what does the VA need to sign off on the purchase and regular updates to keep me in the loop.
The first lender veterns united tried their best to get me to pretend that the foreclosed houses were 20 minutes away not an hour in heavy traffic. I don't blame the real-estate agent it was clearly being directed by veterns united. The next lender would only answer via text message and half the time it felt like someone was answering for him. I don't know I understand for cape canaveral 200k is the low end for the area. But then Kyle said lets try someone who he had worked with in the past. I said ok and on March 10th we closed on a new condo 10 minutes from where I work with a new washer, dryer and dish washer.
They worked with the seller and real-estate agents to get it to close under 200k and an actual zero down VA loan.
The only down sides were they really dug through my bank statements and watched my balance for the entire process. That said it worked out in the end, while it was nerve wracking not knowing if some little thing was going to derail the entire process. We got it done.
The paperwork up until close was scary in that there was nothing about electronic payments only a PO box. At close there was two options for electronic payment monthly and bi-monthly. So that was one worry they really should have cleared up earlier in the process.
That said Stone Keefauver, Peter Keefauver, Michael Schrupp and Chelsie Shilts all put in the hours to get everything documented and ready for underwriting, and getting all the info myself and real-estate agents needed both mine and the sellers.
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As one of the largest privately-owned direct mortgage lenders in the nation, New American Funding is dedicated to helping families and individuals improve their quality of life through homeownership. Headquartered in Orange County, California, NAF has quickly grown to become a leader in the home loan industry.
