Jobs for Veterans

eBenefits.Va.Gov

Many military men and women enlist when they are quite young and do not give much thought to what they want to do when their time serving their country is through. For some, military service becomes a way of life and they choose to stay and make a career out of it. For others, two years or four years seems like a lifetime and all they can think about is their discharge date. Regardless, whether those veterans are re-entering the civilian work world at 22 or retiring after 20 years of service, plans need to be made. It is important that our country ensure good jobs for veterans.

Veterans often have learned a lot in their military training that can be helpful in a civilian job as well. Many skills are transferable, such as computer and technology skills, medical training, or specialized mechanical or construction skills. Jobs for veterans are sometimes high demand jobs, and therefore, many veterans will transition into the workforce almost seamlessly.

Other veterans may need a helping hand to find a career which is a good fit for them after their military service is finished. There are places to begin the search for post-service employment that might offer better opportunities to find jobs for veterans, and be more veteran friendly.

One good place to look for jobs for veterans is the Veterans Administration itself. They have needs in many different areas that veterans are well qualified to fill, in a wide range of professions. Working with the VA gives veterans the chance to work with and make an impact on other veterans. eBenefits.Va.Gov

Other government agencies also offer lots of jobs for veterans. In those cases, there are special civil service testing programs available for veterans. These are two of the more commonly used programs:

Veterans Preference: This program allots additional points to the veteran on his or her civil service test. Five points preference is given to most veterans who served during any war. Ten points is given to disabled veterans. Many people are not aware that hiring preference is also extended to the spouse and dependent of active duty military members. Additionally, the spouse or mother of a disabled veteran is typically entitled to a ten-point preference, as they are if the military member died in service.

Veterans Readjustment Act: What this program does is enables the Department of Defense have jobs for veterans. They can appoint a veteran to the position without competition, and without being on the eligibility list. Use of this authority is discretionary, and no is specifically entitled to a VRA appointment.

Denise Gabbard is a Professional Writer and SEO and Social Media Consultant. She feels strongly about the need to support our veterans, and urges all vets to find out more about jobs for vets.

10 Advantages For Using Veterans Administration Home Loans

 eBenefits.Va.Gov

Many buyers do not understand what advantages there are when it comes to Veterans Administration Home loans. The following is a breakdown of the top 10 advantages of a VA loan as compared to a conventional or FHA financing.

1. No Money Down Required.

There is no down payment required for a VA loan. If the veteran chooses to do so, they may put a down payment. However, the down payment is not a requirement for purchase. Many other loans have a down payment of 3.5% (FHA loans) of the purchase price to 20% of the purchase price for conventional loans.

2. No Closing Costs Option.

There are many closing costs that are required with other loans. Closing costs include Homeowners Insurance, Title Insurance, Inspection Fees, Escrow Fees, Taxes etc. If the buyer structures a VA home loan offer to purchase the ideal way, the closing costs will be paid for by the seller and not the buyer. On average, the closing costs can exceed 3-5% of the purchase price of the home.

3. Seller required / Buyer Non allowable Closing Costs.

Even if the buyer chooses to pay the closing costs (or the seller refuses to pay), the VA will limit what closing costs the buyer can pay. In a conventional purchase transaction, the buyer may be charged for the following: Loan closing or settlement fees, document preparation fees, preparing loan papers or conveyance fees, attorneys services other than for title work, photographs, loan application or processing fees, fees for preparation of truth-in-lending disclosure statement, fees charges by loan brokers, finders or other third parties, and tax service fees. However, with the Veterans Administration Home Loan, all of these costs are not allowed.

4. VA certificate of Reasonable Value.

When purchasing a home using a conventional loan or using cash, you will have to rely upon the appraisal as a means to determine the properties worth. The Veteran Administration will issue a certificate of reasonable value. This certificate is good for up to 6 months.

5. VA Home Inspection.

During the appraisal, the VA inspector will verify that the property meets all Veterans Administration codes. The property must be in habitable condition. The VA protects the buyer from buying a property that is in bad condition. The VA inspector will examine, the roof, the furnace, the plumbing etc.

6. Streamline Refinance for Lower Rates.

If you (the VA buyer) have purchased a home using your VA loan, you can choose to refinance to lower your interest rate. The streamline process allows you to refinance without a credit check or employment verification, without most documentation and without an appraisal (in most cases). eBenefits.Va.Gov

7. No Prepayment Penalty.

Most conventional loans require a prepayment penalty. This means if you refinance or sell the home, the lender may charge you fees for doing so. In some cases, this can be as much as tens of thousands of dollars.

8. Points Capped.

Most lenders or loan brokers will charge a service fee to originate a loan. These are commonly referred to as points. The VA has a set limit on loan origination fees. The VA will not allow a lender to charge you above what they feel is reasonable.

9. Assumability.

All VA loans can be assumed by other veterans. Conventional loans require that a new buyer obtain a new loan. The VA will allow you to sell your property and have the new buyer take over your old loan. eBenefits.Va.Gov

10. Low Rates.

The Veterans Administration Home Loans usually have very low interest rates. These low rates are in part set by the Federal Reserve. Many conventional loans have adjustable rates that start out at 3% and may exceed 12%. A fixed rate VA Home Loan will never increase. Your payment will remain the same for as long as you own the loan. Your interest rate is locked for up to 30 years.

Given the facts presented, Veterans Administration Home loans offer the best way to purchase a home.

To Apply For VA Loan, visit http://www.vahomeloancenters.com. To view the article in in its entirety please the VA Home Loan Centers blog. Philip Georgiades is the Chief Loan Originator for VA Home Loan Centers San Diego.Philip has been helping families purchase their homes for over 15 years.

VA – Veterans Home Loan Program – Your Key To Homeownership

eBenefits.Va.Gov

Many people are kept out of the housing market due to lack of sufficient down payment and/or funds available for closing costs. Yet these potential homeowners can afford to make a rental payment that would be equivalent to a mortgage payment. In fact, the lack of resources keeps veterans renting instead of becoming owners as they try saving money to buy a home. Meanwhile home prices continue to appreciate as housing continues to rise in cost.

Here is where the Veteran Home loan program excels over competing loan products. VA mortgages allow for a home to be financed in one loan up to 100% of the acquired home’s value. In addition, the seller is allowed to pay most-if not all-of the closing costs and prepaid items. This means little to no cash out of pocket. Most housing types are eligible: residential homes, condominiums, townhouses, manufactured homes, new construction and even 1-4 unit rentals (additional conditions apply). If lack of available funds is the issue preventing home ownership, VA Loans offer the solution.

Still, very few veterans take advantage this type of mortgage. It is a shame that more veterans don’t familiarize themselves with this benefit. The interest rate is the same or lower than most conventional financing. The mortgage products offered range from 10-30 year fixed rate mortgages, ARM’s (adjustable rate mortgages), and even temporary buy-downs are allowed. The eligible loan amount is the same as a conforming conventional loan-currently at 417K. In addition, VA financing can be used for refinancing existing homes. As you can see, the product isn’t the problem. The product is as competitive as most that is available. The lack of awareness is the problem. Ask your mortgage broker or lender to explain your options. If they don’t offer the VA mortgage, then find someone who does. We at Venture Development offer VA loans. In the end, you may end up with a conventional or FHA loan if these products are better suited for your situation. Until you compare mortgage options you won’t know what is right for you.

Another advantage of a Veteran mortgage is the flexibility found within the underwriting process. Employment history is very flexible. Credit for all types of mortgages is more stringent today than in the past. That being said, the focus is going to be on the last 12 months of payment history. Underwriting can use alternative sources of credit such as utility bills and cancelled checks if the credit depth is weak. A prior BK or foreclosure is also forgivable. Depending on the type of bankruptcy, you would be eligible one to two years following your discharge date if you’ve reestablished positive credit.

Who is eligible to obtain this loan? Many veterans and even some of their spouses can obtain a veteran mortgage. Here is a very short list of who is eligible: Veterans who served during WWII, Korean Conflict, Vietnam War, or Persian Gulf Conflict AND who have served 90 days of active duty, or have been honorably discharged, or were National Guard/Reservists activated. Veterans with service during Peacetime periods and active duty military personnel must have had more than 181 days of consecutive active service before becoming eligible. Reservists and National Guardsmen are eligible after 6 years of enrollment in a selected service. There is even a program for non active duty spouses. Consider this: an un-married spouse of a veteran who died while in service or from a service connected disability or a spouse of a service person who is considered MIA/POW for at least 90 days are also eligible. eBenefits.Va.Gov

Veterans have spent a part of their live defending our way of life. Freedom isn’t free. Why shouldn’t they be allowed to participate in the very same American Dream that they selflessly protected for you and me. The VA loan was created to help those that have helped all of us. Collectively we can spread the word about the benefits of this unique type of loan. eBenefits.Va.Gov

John Mazzara CFP CLU CHFC CEBS CMB MBA MS is an independent financial planner in the Twin Cities, MN. Officing out of Edina, Minnesota-John is centrally located within the 7 county metropolitan area. John owns three separate businesses-a licensed real estate broker associate since 1986-affiliated with RE/MAX Associates Plus http://www.selling.mn, an independent CFP-certified financial planner since 1989 with an independent financial planning firm-Financial Planning Associates http://www.investmentadviser.com, and the owner of a mortgage brokerage firm-Venture Development Inc-specializing ins residential, commercial and investment mortgages http://www.ventureloanapp.com John has a wealth of knowledge and experience that surpasses most other advisors. If you are looking for someone to help you in the areas of real estate sales/purchase, mortgages, or and/or financial planning and insurance you should call John for a free 1 hour consultation to see if he can meet your needs. 952-929-2577.