@SeaDog1957 wrote:
I used Southpoint Financial Services for my mortgage.
Congratulations! Happy Birthday and Happy Anniversary! That's a lot to celebrate in your new home - awesome!
If I may ask, what county/state did you buy in? Did the Seller pay any closing costs?
We were looking for months and months over the course of two years and could not get a VA offer accepted! With all offers we included a letter from our lender stating that we were preapproved for the offer amount for both conventional and VA funding (we were choosing VA financing because it made the most sense). We even included 20% down with verification of cash in bank. But there was such a shortage of houses here in Southern California and too many investors in the market with cash. We also increased the offer prices to pay for a Seller Credit in case anything came up that we weren't allowed to pay for as a VA Buyer (wrote it so that unused funds were refunded to us). Regulations have changed allowing VA buyers to pay for most all closing costs now except for the terminte inspection, but we were thinking... just in case. Also, most agents we came across were unfamiliar with VA loans and still thought that VA buyers could not pay for closing costs. Apparently they do many more VA loans in the San Diego area since it's a big military community, but in Riverside/Orange Counties, we found that agents said they were famililar with VA but were not.
Happy you found your Home Sweet Home!
Also FYI for people who have used the VA loan before... you can pay down the funding fee by putting 5% down.
