Veteran Real Estate in Old Colorado City, CO
Hello and welcome to MilPCS. We built this website and business believing that military members should own a piece of the country they serve. For this reason, we’re taking care of everything and ensuring they find a home that fits just right. We strive to ensure every one of our partners is skilled in the VA loan product and transaction. It makes the experience seamless, stress-free, and stellar for our veteran clients. No matter where you’re moving farm, beach, city, countryside, our network means that you’ll always have access to a local area expert who is a Veteran, Military Spouse, or military relocation pro. We are all about providing value to our customers with a heavy focus on our nation’s veterans. Join in as we discuss how our national military home search portal came to be. Our Realtors go all-in for our service members. That’s because most of them have military backgrounds, and they get what goes into the PCS process. If you know someone who fits this description and would be interested in joining our referral network, we’d love to hear from you.
Military moves are unique. That’s why we’ve created MilPCS — a one-stop military home search portal. VA mortgage experts, specialized military Realtors, and custom site tools will help guide your search so that you can find a home that fits just right. The financial planning of a move can seem daunting. That’s why we have top VA mortgage experts dedicated to ensuring service members get the most out of their hard-earned benefits. So, if you’re searching for Veteran Real Estate Old Colorado City, CO, let’s do the leg work for you.
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Buying a condo with your VA loan: A how-to guide
A condo, short for a condominium, is a popular option for military personnel who have to move due to a MILPCS order. A condominium is a good living area due to its amenities, but the cost issue remains one major obstacle to most military personnel. Fortunately, every military person who has to move due to a MILPCS order is entitled to a VA loan, which offers some amazing loans with low-interest rates. Below are some steps you could take to buy the condo of your dream with your VA loan.
What is a condo?
A condo is a housing unit that comes with a lot of different rules as compared to a suburban single house. A condo sits in a tight-knit community, so many decisions have to be made in unity with the other community members. For example, if you wish to change certain aspects of your paint schemes, you will have to play by the rules set out by the community. In return, things such as house repairs and renovations are made to be much simpler than in suburban houses. You don’t have to do all these renovations all by yourself anymore.
What does your VA lender have to say about condos?
For military personnel moving due to a MILPCS order, buying a condo will be very different from buying a house because the VA officials have different rules regarding buying condos. For starters, you can only buy condos that the Department of Veteran Affairs has approved. When you state your intention to the local representative of the Department, they will give you a list of nearby approved condos, which allows you to easily find the condo you have been looking for.
Buying a condo with your VA loan
After you have found an approved condo, the process starts to look like buying a suburban home. Your VA lender might allow you to make no down payment in return for higher monthly payments. Do also keep in mind that you will have to commit to certain fees and assessments from the association of homeowners (or the HOA for short). This is why you will have to read the contract and the fine print very carefully every time you are going to sign a contract.
Most MRP real estate agents have very good connections with the Department of Veteran Affairs, so they should be able to give you the list of approved condos. They will also explain the contracts to you in plain language so that you will understand the commitments and your rights.
A condo is a preferred housing unit for many due to the amenities it offers, especially for military personnel who have to move because of their MILPCS order. That said, buying a condo with your VA loan is going to be a complicated process, so it is always a good idea to consult your MRP real estate agent beforehand.