For the first time home owners looking to leave the state?

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I currently live in WI and my husband is in use. He will return home at the end of January and we look forward to the cold and snow (we expect in the spring). We like the area of ​​Greenville, SC, and think it would be a great place to buy our first home … So how do I go from offshoring? How can we buy a house in the state? What mortgages, loans, etc.? Can anyone say something about VA loans, such as military, etc. .. ahh so many questions! It nat-CAtransplant Guard .. He is still in the army, but only move his unit, and we are south of Milwaukee. Thank you for the info:)

2 Comments
  1. Reply
    CAtransplant
    April 29, 2011 at 10:42 pm

    Being active duty, you can buy a home with a VA loan, which means no down payment. And your BAH would be used when determining your income.
    Is he going to stay active duty? If not, once he is discharged be sure to get his DD214. You will also need your VA eligibility certificate.
    Start looking on realtor.com in the area you are considering to learn about prices and what you can afford.
    Talk to a lender (if you use USAA or a credit union that is a good place to start.)
    Nine steps to buying a home

    1. Figure out how much you can afford
    2. Know your rights
    3. Shop for a loan
    4. Learn about homebuying programs
    5. Shop for a home
    6. Make an offer
    7. Get a home inspection
    8. Shop for homeowners insurance
    9. Sign papers
    Here are some really good websites with education for first time homebuyers.
    http://portal.hud.gov/portal/page/portal/HUD/topics/buying_a_home
    http://www.hud.gov/buying/comq.cfm
    http://homebuying.about.com/od/buyingahome/bb/shopping1sttime.htm

    Please update your question and let me know what branch of the service, and what part of WI you live in, and I can direct you to some resources.

  2. Reply
    Suzette65
    April 29, 2011 at 11:08 pm

    Here is what i think you should do:
    First it is never a good idea to buy a house in a place where you have not spent a significant amount of time. The reason I see this is because you really need to be familiar with an area to know if it is the right area for you. I am sure Green-ville SC has some great communities to live in but you will want to make sure that you get the one that is great for you. Remember, housing prices are low now and will stay low for awhile yet, you can afford to wait and not make a mistake that could take you years to recover from.
    About the VA loans, I understand that VA loans have some of the highest interest rate out there. Don’t settle for any specific type of loan unless it is the best one for you.

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