Your New Relocation Sponsor. A FREE No obligation Relocation Service offered to you by Phil Sharp Homes.
PCS’ing and Getting Pre-Qualified for a VA Home Loan. Introducing Veterans United Home Loans and Jen Warren YOUR New Relocation Sponsor.
Big News in the JBLM Real Estate Market From Phil Sharp HomesOctober 2013
PCS’ing to Ft. Lewis, and Getting Pre-Qualified For A VA Home Loan
The starting point of the home buying process, after finding the right representation, is to get pre-qualified for a home loan. I will discuss the process in this newsletter, and also introduce our
Pre-qualification in 2013 is much easier than you may have heard from years past. A lender experience at working with Military/relocating buyers should have no issues qualifying you by email/phone. Most of the information needed is contained in your credit report, and your VA certificate (if you choose to use your VA benefits) is available to VA lenders online.
The lender will normally issue a pre-qualification letter upon verifying that you have acceptable credit, not too much debt, and enough income. With today’s interest rates, you may be surprised at what you qualify for…however, the NCO in me says “just because you qualify, doesn’t mean you need to spend that much”.
Once you are pre-qualified, you can make an offer on a home. In order to complete the process and finalize the loan approval, you will typically need to provide the lender with the “ list of two’s”. 2 months LES/pay-stubs, 2 months bank stmts, 2 years of W-2’s or Tax Returns, and any other pertinent info such as child support, alimony etc.
So…I mentioned our new team member and lender, Mike and Brook Villano & Veterans United Home Loans. After working with a local lender for the past 10 years, a really good one….she retired on me. This past summer, I spent quite a bit of time and effort vetting and ultimately choosing a new lender to refer my customers to. I choose Mike because his company is all about Veterans, he is a professional thru and thru, and his fees are lower/closing times quicker than anyone else in the industry. With Mike, you will pay no origination fees on a VA loan, he will close in 3+/- weeks….And… Best of all, he is local, available, and willing to help when everyone else has gone home for the day or weekend. Brook, Mike’s wife, is the manager at Veterans United, just another reason that the Villano’s are a great resource.
You can Contact Mike at 253-686-2491 or by email- Mike.Villano@VU.com, please let him know that I sent you, he will take good care of you.
Introducing Jen Warren, YOUR new Relocation Sponsor in Partnership with Phil Sharp Homes.
Gina Mckune received many commendations, and did a great job for almost four years as Relocation Sponsor, assisting several hundred families with their PCS moves to Ft. Lewis and JBLM. I wish Gina the best of luck in her future endeavors…she will be keenly missed.
We welcome Jen Warren as our partner in assisting new families to the JBLM Area as Your Relocation Sponsor.
Free, Personalized PCS/Relocation Services for Soldiers, Airmen and their families.
Call Jen at 360-970-6913 or email Jen@PhilSharpHomes.com today.
JBLM Area Stats At a Glance
92.6 Housing Affordability Index for first-time buyers. Least affordable in the last year.
93,280 Seasonally adjusted annual rate of home sales in 2nd Quarter 2013. 16,380 above a year ago.
39 Number of Washington counties with All-Buyer Affordability Index above 100 (Washington has 39 Counties).
3.0 Months supply of homes available for sale, end of 2nd Quarter 2013 (5-7 months is a balanced market).
21 Average number of revenue transactions (listings sold plus personal sales) by full-time residential licensees during 2012.
3.9% Proportion of homes listed for sale at end of 2nd quarter with asking price below $80,000.
29.6% Increase in dollar value of single-family building permits for new construction issued in 2nd quarter 2013 compared to year earlier.
34,845 Number of homes listed for sale on MLSs at end of 2nd quarter; 40.7% less than the same time in 2008.
$251,100 Median existing home price, 2nd Quarter 2013; 6.4% higher than previous year.
20,000 Reduction in seriously delinquent mortgages between 2nd quarter of 2012 and 2nd quarter of 2013. Still nearly 60,000 in jeopardy of foreclosure.
5.9% Increase in average apartment rent between March 2012 and March 2013
How Affordable is Owning a Home?
Our Comparisons in BUYING vs. RENTING. Information gathered November 20, 2013. Rental ad retreived from The Nisqually Valley News. Real Property listing retreived from the Northwest MLS Home Search on PhilSharpHomes.com.
Rental: Apartment in Yelm, WA
2 bed, 834 sq. ft., washer/dryer, cats ok with additional deposit.
RENT: $845.00 mo.
For Sale: Rambler MLS# 557876 Yelm, WA
3 bed, 1 bath, 2 parking 1,448 sq. ft., Great rambler located near schools and shopping. Home sits on nearly a quarter acre lot and has large living spaces. Roof has transferable lifetime warranty. The furnace, water heater and stove are gas. The oversized utility room has tons of storage, large storage shed in back yard. Great home for first time homebuyers.
$129,000
Mortgage Calculator Results: (All values are estimates, no fees or taxes included. Your results may vary based on your qualifications)
20% down – $25,800 w/4% interest, 30 yr. fixed = Own it for $492.00 mo.
0 down – w/4% interest, 30 yr. fixed = Own it for $615.00 mo.
***Foreclosure Listings:***
Click the links below to go see the latest foreclosure “quick search” listings available.
Thurston County
Short Sales:
Bank Owned/Foreclosures:
Pierce County
Short Sales:
Bank Owned/Foreclosures:
Mason County
Short Sales:
Bank Owned/Foreclosures:
Shelton Belfair Union Allyn Hoodsport Hoquiam Your Resource ToolboxFree Relocation Packet
The Best Home Search Tools Available
FREE Android Home Search APP. Scan the QR code with your phone to get the “PSHomes Search” App in the Android Market for FREE.
NO ANDROID? NO PROBLEM!
Scan and bookmark fortlewis.mobi for the same great tool. It works on all devices, including iPhone, iPad, Windows phones.
ABOUT YOUR PHIL SHARP NETWORK
Phil Sharp is the sole agent/Broker at Phil Sharp Homes and uses his extensive network to help YOU find or sell your home. Keeping your needs in mind, his wife Gayle will assist while touring homes, Stephanie will help with paperwork and finding the listings you want, Gina will help with all your relocation needs, and countless other resources and tools Phil has as part of his “network” is available to assist you.
ONE AGENT, AN ARMY OF RESOURCES.
SPECIALIZING IN MILITARY MOVES doesn’t mean PSH only deals with service members. Spouses, family and community members are equally served. Our Relocation Services are especially for Military Spouses to help meet the FAMILY’s needs. We are your personal contact and resource when you are moving to WA. Spouses need info., we have it here just for you.Contact: Phil Sharp Homes 4133 Sleater-Kinney Rd NE, Olympia, WA 98506 360-970-9977 Services: Home Buyer, Seller and Investor Services – Free Real Estate Consulting, Education, Relocation Services & Information – Broker/AgentConnect: PhilSharpHomes.comVisit Our BlogLike Us & Get Updated on Facebook