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Homeownership for Veterans: Tribute this Veterans Day

 

Christian Buitron

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Building Futures for Families and Investors

As Veterans Day approaches, I want to take a moment to honor and express gratitude to those who've served our country.

I am highlighting specialized loan programs tailored for veterans, ensuring our Veterans have access to a range of home financing options. Here's a snapshot of some great VA loan products:


Veteran Loan Programs
VA Loans: Tailored for veterans, offering up to $4 million with a reduced minimum FICO score requirement of 580, available for primary residences for both purchase and cash-out refinancing.

VA Elite: Designed for VA borrowers with higher FICO scores (640+), providing government rates and pricing for loan amounts from $125,000 up to county loan limits.

VA IRRRL (Interest Rate Reduction Refinance Loan): Streamlining existing VA loans into lower interest rates without requiring an appraisal. Available for primary, second, and investment properties.

One-Time Close New Construction Loans: Simplifying the process for building new homes, allowing for one closing with a single interest rate, available for both conventional and VA loans.

Temporary Rate Buydown: Allowing borrowers to lower interest rates at the loan's start, resulting in reduced monthly payments. Ideal for those expecting increased income, planning renovations, or transitioning from renting to buying.

Boosting Homeownership with new ADU Law

Under this new law, ADUs (Accessory Dwelling Units) can now be sold similar to condos. For more details on this groundbreaking regulation, click here

According to Freddie Mac:

This is great news! The latest data from Freddie Mac reveals a decline in interest rates from a high of 7.76% to 7.5%. Here's a detailed chart depicting this encouraging trend.

Housing Permitting Time Reduced by Executive Order:
Exciting news! Mayor Karen Bass has signed an executive order aiming to reduce housing permitting time by 25-30%. This move is set to expedite the process, fostering quicker and more efficient home development. Check out the article here.

Save the date for our upcoming webinars by Scott Varney:

Defer Capital Gains Taxes with or without a 1031 Exchange
Tuesday, Nov. 14th, 10 am PST/1 pm EST. 

Register here.


Complex Spendthrift Trusts: Mitigate capital gains taxes and more.
Wednesday, Nov. 15th, 10 am PST (12 pm CST, 1 pm EST).

Register here.


Cost Segregation: Reduce income taxes with accelerated depreciation.
Nov. 16th, 1 pm Pacific Time (4 pm EST). 

Register here.

I'm committed to helping you achieve your homeownership goals and am eager to assist you in any way I can.
Call / Text Christian Buitron 323-382-8706

Book a meeting with me
Christian Buitron | (323) 382-8706
REALTOR | License #01951904
christianbuitron@radiusagent.com

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All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

Copyright 2023 Buitron Inc

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