Fort Hood is the largest military base in the free world and also where over 60% of the home loans here in Killeen, Copperas Cove, Harker Heights and surrounding areas are VA. So what does it take to get a VA mortgage?
If you served or have served in the military and have been honorably discharged you may be eligible to use your VA guaranteed benefits to get a VA Home Loan.
Here are some if the requirement:
• Served 181 days during peacetime (Active Duty)
• Served 90 days during war time (Active Duty)
• Served 6 years in the Reserves or National Guard
• You are the spouse of a service member who was killed in the line of duty.
You must have done any of ONE of these in order to be eligible for a VA home loan.
Being eligible does not mean that you are automatically approved for a home loan. You still have to meet credit and debt ratio guideline. VA only guarreenteed the loan and does not actually loan any money, so you will still need to work with a mortgage company or bank.
If you are moving to the Fort Hood area and would like more information about home buying, visit us at: www.exithomevets.com
Jose SEGARRA
Broker-Owner
Exit Homevets Realty
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