We are buying our first home and using the VA loan. Any suggestions / advice? Thanks y’all.

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If you're working with a broker, make sure it is one who is experienced with VA loan and other benefits for veterans

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I can't say this enough. It helps so much to have someone experienced with this type of loan advocate for you. It makes the process so much easier.

Shop for rates. You’d be surprised with the difference. Also, there is some strange rule where if the seller says that they will give money instead of fixing some items, the VA loan won’t allow that. We had a last minute issue where we were supposed to get several thousand from seller but couldn’t because we were using a VA loan. Our bank was great and ended up lowering our interest rate more.

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Would recommend putting $ down even though you don’t have to. Also, look at veteran homeowner tax exemptions- there is usually some benefit ranging from a few hundred $$/yr up to 0 property taxes

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I would also recoomend this. If you have the money to make a down payment, its def a good idea to do it.

One thing to consider is if you are in jumbo (non-conforming) loan territory. There used to be a maximum guarantee amount with increasing amounts for down payment above the conforming limit. The VA removed the cap but some banks still adhere to the older down payment calculations.

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Instead of using money for a down-payment, you can also look at buying points for a lower interest rate.

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Thanks!

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