There are Calhoun County specific requirements for VA loans in Battle Creek, Michigan which should be of interest to the prospective buyer. One key Calhoun County requirement is that the home must have a pest inspection, and this inspection must be paid for by the seller.
Obviously if signs of infestation are discovered in the inspection, the home must be properly treated and any required structural repair made. Additional requirements for VA loans in Battle Creek, Michigan include the standard VA requirements of having a VA certified appraiser do the appraisal. VA loans in Battle Creek, Michigan offer features that are not found in many loans.
A home buyer can receive 100% financing on the home, with no required down payment. Additionally, it is permitted for the seller to pay up to 4% in closing costs currently. Depending on the purchase price of the home, this 4% could potentially cover all the required closing costs, and thus enable a veteran to get into the home with little or no money out of pocket.
I recently spoke to a lender on a VA loan he recently closed, and the veteran buyer had only to pay $39 at the closing table for the house. So the requirements for VA loans in Battle Creek, Michigan are worth navigating through in order to benefit from this important first time home buyer program for veterans. With many men and women returning from active duty in military service in recent years, this program has grown to be increasingly popular.
Working with an experienced Realtor in the Battle Creek area, and one that has contacts with experienced lenders in the VA loan program is your first step to take. I am a local Battle Creek Realtor who has helped many first time home buyers take advantage of this excellent program, and I can be reached at: 269-441-8182 or through my website at: www.michaeldelaware.com.
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2010 'REALTOR OF THE YEAR'
For the Battle Creek Area Association of Realtors
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