What to do after you apply for a VA Home Loan to buy around Fort Meade MD
After you and Skip Young head out to find your dream home near Fort Meade MD during your PCS, there are a few things you need to know not to do after you apply for your VA Home Loan. Before making any big purchases, moving money around, or making any big-time life changes, consult your loan officer. They will be able to tell you how your decision could impact your home loan.
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Helping you reach that American Dream is my Job. I work day in and day out to make sure you can find the Home near Fort Meade MD.
Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a homes Near and Around the Fort Meade MD Area. However, that does not mean that they do not still aspire to achieve those things.
History shows that people tend to buy their first home around age 30. Nearly 5 million millennialswill turn 30 in the next two years. This will continue to fuel demand for housing. So staying competitive with your financing is a big part of winning the bid for your house you fell in love with around the Fort Meade MD area.
This is also one of the many reasons why the millennial homeownership rate has continued to grow over the past few years. 48.4% of Americans between the ages of 30-34 now own a home.
There are over 46 million millennials (33% of the generation) who are considered “Mortgage Ready”,meaning they meet the qualifications to be approved for a mortgage today!
- a FICO Score ≥ 620
- a Back-End Debt to Income Ratio ≤ 25%
- no Foreclosures or Bankruptcies in the last 7 years
- no severe delinquencies in 1 year
Rob Chrane, CEO of Down Payment Resource, commented on the findings of the report,
“We now know there are millions of buyers with the income & credit necessary to qualify to buy a home. The biggest question is:
Do they know it? …Unfortunately, many renters don’t investigate homeownership simply because they don’t believe it’s an option.”
The good news is that more and more Military and Veteran Home Buyers near Fort Meade MD are realizing that they can afford a home now. Even so, more can be done to increase awareness of low down payment programs to attract even more of this generation.
New data from realtor.com shows that in December, millennials accounted for 42% of all new home loans originated in the month. This is more than any other generation.
Bottom Line
If you are one of the many Service Members PCSing to Fort Meade MD and who may be “VA Home Mortgage Ready” but are unsure what your next steps should be, get together with Skip Young and start the process to finding the home and to help guide you on your path to homeownership!
Your Waldorf MD Realtor? - Skip Young
f you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor?:
Marine Barracks Joint Base Anacostia-Bolling PSD Washington, DC Washington Navy Yard USCG Headquarters Visitor Entrance the United States NavyNavy Band US Army National Guard ArmoryAmerican Military Society Navy Lodge US Naval Reserve Readiness Military Naval & Air AttacheWashington DC Police Department Air Supply US Coast Guard Headquarters Joint Anacostia-Bolling AFB Department of NavyFort George G. Meade Naval Support Facility Indian Head Joint Base Andrews Coast Guard Yard US Air Force Civil Air Patrol NAVAIR Maryland Military Department Naval Surface Warfare Center Army National Guard Recruiter US Army Reserve Center Naval Air Station Patuxent River Welcome to the Fort Belvoir Air Force United States DepartmentJoint Base Andrews, MD
Skip Young Realtor? with Reviews as a Realtor?, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor?, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in the Washington DC, Maryland or Virginia. Military bases such as:
There are currently 23 million veterans and service members right in your local community of Washington DC, Maryland, and Virginia. They transact over $153 billion annually in the Local Real Estate purchases and Selling of Property, along with the Rental Market. Learn how you can help tap into and serve the veteran community with VAREP, the Greater Annapolis Chapter. Skip Young your Waldorf MD Realtor? and Veteran is still continue's to serve my country by helping our community of brothers and sisters by representing the Government Affairs division. The position is about assisting in changing the laws that help protect veterans and service members who need to find housing in the Washington DC Maryland and Virginia area.
Skip Young | EXP Realty | Waldorf MD Realtor?
Realtor?, Veteran, New Home Sales, Working with your PCS to Fort Meade MD.
888-860-7369 x 240 Broker
301-337-1999 Cell
eXp Realty
137 National Plaza, Suite 300
National Harbor, MD 20745
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