Fort Lee VA Homes for Sale and the VA Home Loan
Many soldiers make their way through Fort Lee during their tours, and quite a few of them return to the Fort Lee area. While there are no homes for sale right on the Fort Lee base, the surrounding communities of Petersburg, Colonial Heights and Hopewell VA offer many homes you may like.
Being a veteran does provide you with special loan opportunities for purchasing homes for sale near Fort Lee. However, there are particular rules and conditions that a soldier and a house located near Fort Lee VA must pass. With the right REALTOR®, though, that process can go smoothly for everyone.
Who Can Get a VA Home Loan?
The towns surrounding Fort Lee VA are friendly and filled with amenities. That’s why many people look at Fort Lee VA homes for sale after their enlistment is up. Veteran Administration loans (also known as a VA home loan) are available to…
- Active-duty Veterans ‘honorably’ discharged during WWII or later.
- Active-duty Veterans with 90+ consecutive days of service during major conflict.
- Peacetime Veterans or active-duty personnel with 180+ days of consecutive service.
- Enlisted Veterans after 1980, or officers after 1981, who have served at least 2 years.
VA home loans have numerous advantages. They don’t require a down payment or mortgage insurance. The interest rates are negotiable and often lower than a conventional mortgage. You also have the right to prepay a VA home loan without penalty. For veterans looking for affordable housing, it’s a great option. But there is a ‘catch’ – homes must be inspected by the VA and pass approval.
Why the Right REALTOR® Matters for Fort Lee VA Homes for Sale
While it’s important to find a REALTOR® who can show you homes in the Fort Lee area in your price range, it’s important to have one who understands what the VA looks for regarding Fort Lee VA homes for sale. A home might fit in your price range, but construction issues could prevent you from purchasing it with a VA home loan. These issues might be major, like replacing all the windows, or rather minor, such as replacing a single step.
And this is why having a REALTOR® who can spot potential issues is so important. Your REALTOR® can discuss these problems with the buyers and the sellers before they become huge stumbling blocks to homeownership.
So if you’ve considered using your VA home loan for one of the Fort Lee VA homes for sale, then contact me today. I’ll be happy to show you houses in towns neighboring Fort Lee that fit your requirements…as well as those of the VA home loan inspectors.