15 Oct Veteran Friendly Mortgage Companies
Veterans have distinctive needs and requirements that are different from civilians. Is your mortgage company veteran-friendly? If not, they need to be accommodating to veterans respectfully and effectively.
Here are some reasons your company should be veteran-friendly:
Veterans Have Different Needs
Typically, veterans have different and unique needs not like that of civilian homebuyers. Such as the VA has minimum property requirements that veterans have to meet when searching for a home in order to qualify for a VA loan.
A mortgage company that is veteran-friendly will identify this need and work with veterans to find a home that meets these necessities.
Veterans Choose VA-approved Lenders
Veterans are recommended to choose a mortgage company that is VA-approved because they are extremely familiar with the VA program.
These mortgage companies should be able to answer any questions veterans might have in regards to the VA loan program and easily work through any setbacks in the process.
Veterans Have Limited Time Frames
Veterans that are still on active duty tend to move often, and because of this, they need a lender who will understand that their time frame is limited.
Service members only get 10 days of leave to look for a new home, so mortgage companies should be understanding and able to accommodate this timeframe. By doing this, you will help them find a qualified home and get approved for a VA loan quickly and professionally.
Veterans Need Strong Resale Value
Veterans need homes that have good resale value and will sell fast due to the fact that they move sooner and more often than civilians.
Therefore, when they do come to your company for a VA loan, you should advise them on the best home-buying practices, such as how to avoid scams, how to maintain the value of their home, and how to create and maintain a budget.