Massachusetts Real Estate Center, Lowell MA, Chelmsford MA, Ayer MA, Westford MA, Shirley MA


Do you dream of buying a home? If your answer is yes, then VA home loan can make it a reality. A VA home loan differs from the traditional mortgage home loan. It is essential to know if you are eligible to apply for a VA home loan and how it can help you purchase your own home.

What is VA Home Loan?  

A VA home loan is a loan for which veterans, active-duty service members, and some surviving spouses are eligible. Generally, VA loans feature better terms than a traditional mortgage, and it is easy to qualify. For many military borrowers, the flexibility and no-down payment nature of VA Home loan have made it the most reliable lending plan in the market. You may find it interesting that from 1944 until today, VA home loans have made over 20 million service members homeowners.

VA Home Loan- Eligibility requirements

To be eligible for a VA Home Loan, a person must meet one or more of the following criteria:

- You must have served 90 straight days of active service at the time of war.

- You must have served 181 days of active service. 

- You have accumulated six or more years of service in the Reserves or National Guards.

- Your spouse, who is a service member, becomes disabled or dies during service.

How Does VA Home Loan Work?

The first step to homeownership through VA home loan is to get pre-qualified. You will need to meet up with a VA lender to help you get an estimate of the price of the home you can afford based on your credit, income, and other financial factors.

After getting pre-qualified, the next thing to do is to pre-approve your loan. This will give you the power to take action when you see a home you love. When the preapproval process is complete, you will need to hire a knowledgeable VA agent to help you place an offer and negotiate with the seller.

If you and the seller have agreed concerning the price for the house, your lender will order a VA appraisal of the home. Also, underwriters will analyze your income, finance, and related documents. Next, get ready to sign several kinds of legal documents at your loan closing. After this, you will get the keys to your new home.

Here are some of the most important things to know about a VA home loan;

- It is reusable as long as you pay off the loan every time.

- You can only use it for specific homes.

- You can use it for a primary residence.

- It does not require mortgage insurance.

- It comes with a VA funding fee.

Even if you qualify for a VA home loan, take your time to think if owning a home is right for you. Consider the maintenance, property taxes, and Home upkeep. Renting may seem cheap. Before you go for a VA home loan, consult a home loan specialist.



This Multi-Family in Ayer, MA recently sold for $425,000. This style home was sold by Ron Morrison & Pat Bagni-Latimer - MA Real Estate Center.com.


41 E Main St, Ayer, MA 01432

Multi-Family

$475,000
Price
$425,000
Sale Price

3
Units
3,343
Approx. GLA
41 East Main St. is a stately piece of real estate that has broad appeal. Perfect for the investor who is looking for a three family with good returns on investment in a sought after downtown location. Perfect for the developer looking to buy a piece of property with income that has future development potential as over-sized lot has site plan approval from Ayer for an additional number of attached units (total units on property not to exceed 6). Perfect for anyone who appreciates the beautiful architecture, period details and a spacious yard. All but one unit rented, yearly gross income of $43,560. Site plan approval attached

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94 Snow Street, Fitchburg, MA 01420

Rental

$1,500
Price

7
Rooms
4
Beds
1
Baths
A rare find ! 4 bedrooms on the second level of this multi family home located local to Fitchburg State University. The entire unit has been professionally cleaned with paint refreshed, ready for your family to move in. The kitchen is a large eat in kitchen with open access to the living room. The bedrooms are freshly painted and some are very generously sized. This is a non-smoking, pet free building and has a local owner who takes great pride in the building and it's upkeep. Located local to the downtown area with access to the commuter rail station to Boston. Plenty of area shopping and activities, Mt Wachusett Ski area, Mohawk Trail, Great Wolf Lodge just to name a few. Is this your new apartment home ? Good Credit and Good References with proof of income will be required. The application forms and requirements are attached to this listing along with a questionnaire that needs to be submitted to schedule a tour.
Open House
Sunday
June 16 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 94 Snow Street, Fitchburg, MA 01420    Get Directions

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173 W Main St, Ayer, MA 01432

Rental

$1,000
Price

3
Rooms
1
Beds
1
Baths
This one bedroom single family home is just moments from the commuter rail station, downtown Ayer with is various eateries and the bicycle path to Pepperell or beyond. The unit has a washer and dryer hook up in the unit and plenty of closet space. The large bedroom will accommodate even a king size bed set. Eat in kitchen well adorned with cabinets and work space. Is this you next new single family rental home ?
Open House
No scheduled Open Houses

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This Condo in Lowell, MA recently sold for $133,000. This Garden,Low-Rise,Courtyard style home was sold by Ron Morrison & Pat Bagni-Latimer - MA Real Estate Center.com.


351 Pawtucket Blvd, Lowell, MA 01854

Condo

$137,900
Price
$133,000
Sale Price

3
Rooms
1
Beds
1
Baths
Spacious open floor plan one bedroom unit. All about location at this Camelot II unit, the building is in the rear section of the complex with easy access to the seasonal events on the River Walk just across the street. A great commuter location to NH boarder, Commuter rail station, highways and by ways. The unit has gas stove, refrigerator and microwave with a center island kitchen. Look out the large windows or go out onto the balcony to the rear you will enjoy the seasonal views of the wildlife while living in the outskirts of the city.

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