VA Loans Philadelphia Apply here with Joseph McCabe

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Let define Eligibility

You must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries.

VA home loans can be used to:

• Buy a home, a condominium unit in a VA-approved project
• Build a home
• Simultaneously purchase and improve a home
• Improve a home by installing energy-related features or making energy efficient improvements
• Buy a manufactured home and/or lot.

Eligibility Requirements for VA Home Loans Servicemembers and Veterans

To obtain a COE, you must have been discharged under conditions other than dishonorable and meet the service requirements below:

 
Status Qualifying Wartime & Peacetime Periods Qualifying Active Duty Dates Minimum Active Duty Service Requirement

• Veteran WWII 9/16/1940 - 7/25/1947 90 total days
• Post-WWII 7/26/1947 - 6/26/1950 181 continuous days
• Korean War 6/27/1950 - 1/31/1955 90 total days
• Post-Korean War 2/1/1955 - 8/4/1964 181 continuous days
• Vietnam War 8/5/1964 - 5/7/1975 *For Veterans who served in the Republic of Vietnam, the beginning date is 2/28/1961 90 total days
• Post-Vietnam War 5/8/1975 - 9/7/1980 *The ending date for officers is 10/16/1981 181 continuous days
• 24-month rule 9/8/1980 - 8/1/1990 *The beginning date for officers is 10/17/198124 continuous months, OR
• The full period (at least 181 days) for which you were called or ordered to active duty
• Gulf War 8/2/1990 - Present 24 continuous months, ORThe full period (at least 90 days) for which you were called or ordered to active duty
• Currently On Active Duty Any Any 90 continuous days
• National Guard & Reserve Member Gulf War 8/2/1990 - Present 90 days of active service
• Six years of service in the Selected Reserve or National Guard, AND 
• Were discharged honorably, OR Were placed on the retired list, OR Were transferred to the Standby Reserve or an element of the Ready Reserve other than the Selected Reserve after service characterized as honorable, OR
• Continue to serve in the Selected Reserve

*If you do not meet the minimum service requirements, you may still be eligible if you were discharged due to (1) hardship, (2) the convenience of the government, (3) reduction-in-force, (4) certain medical conditions, or (5) a service-connected disability.

Spouses

The spouse of a Veteran can also apply for home loan eligibility under one of the following conditions:

Unremarried spouse of a Veteran who died while in service or from a service connected disability, or
Spouse of a Servicemember missing in action or a prisoner of war
Surviving spouse who remarries on or after attaining age 57, and on or after December 16, 2003
(Note: a surviving spouse who remarried before December 16, 2003, and on or after attaining age 57, must have applied no later than December 15, 2004, to establish home loan eligibility. VA must deny applications from surviving spouses who remarried before December 6, 2003 that are received after December 15, 2004.)
Surviving Spouses of certain totally disabled veterans whose disability may not have been the cause of death 

Other Eligible Beneficiaries

You may also apply for eligibility if you fall into one of the following categories:

Certain U.S. citizens who served in the armed forces of a government allied with the United States in World War II
Individuals with service as members in certain organizations, such as Public Health Service officers, cadets at the United States Military, Air Force, or Coast Guard Academy, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, merchant seaman with World War II service, and others

Restoration of Entitlement

Veterans can have previously-used entitlement "restored" to purchase another home with a VA loan if:

The property purchased with the prior VA loan has been sold and the loan paid in full, or
A qualified Veteran-transferee (buyer) agrees to assume the VA loan and substitute his or her entitlement for the same amount of entitlement originally used by the Veteran seller. The entitlement may also be restored one time only if the Veteran has repaid the prior VA loan in full, but has not disposed of the property purchased with the prior VA loan. Remaining entitlement and restoration of entitlement can be requested through the VA Eligibility Center by completing VA Form 26-1880( Find it on this Page).

 

More Information and VA links

Joseph C. McCabe, REALTOR 

Keller Williams Real Estate
Preferred Cell(call or text): 215-868-6379
Office(215)757-6100x186
Joseph.mccabe92@gmail.com
584 Middletown Blvd A-50
Langhorne Pa, 19047
License number PA, RS327442 
NAR 716512852

Get a Free Comparative Market analysis Philadelphia Bucks and Montgomery county

When you are ready to sell your home you can choose to do so on your own or with the assistance of a Realtor. When you choose to work with a Realtor, you get direct help and input in selling your home. Real estate agents are here to help you understand the process and ensure you get the best deal for your home. There are many tools that we have access to that are designed to give our clients the extra edge when it comes to listing a home on the market. One of these tools is a Comparative Market Analysis report, commonly known as a CMA. This report pulls data specific to your home and neighborhood and compares it to other houses that have been sold recently, or are listed in your area. This is great way to gauge what the list price should be for your home based on sales figures and current market trends.

While a CMA will provide you with a snapshot of what other homes are selling for nearby, the reports are also subjective as any agent putting these reports together will designate what data is used for them. There are certain criteria that will make a CMA more accurate and meaningful for what you are trying to do, sell your home. If you are searching for a new Realtor, this could be a good starting point to determine if an agent has your best interests in mind. If they understand what pertinent data will actually help you, together you can come up with a list price that will encourage more potential buyers to view your home. A detailed CMA report should include a comparison of offer pattern (what is the average number of offers given, and for how much, to homes similar to yours), property condition inside and out, the same number of bedrooms, bathrooms, and levels, as well as similar in size as your home. The location or street should also be similar. If you live on a quiet street getting a CMA of homes from busier locations won’t be as accurate. Your CMA should also cover homes within your neighborhood, not your zip code, which have different boarders. Using your neighborhood as a criteria will help get more specific in the comparison.

A good CMA will help you avoid pricing too low or high. You will get a price range based on the analysis so that you have the final say of what you want to list your home for. Beware that some agents seek to get as high a list price as possible. This is not always a good thing, especially if a CMA shows a trend for a lower amount than what is suggested. Pricing too high can keep potential buyers away if the price is too far from what the neighborhood and home style is currently trending in the market. Pricing too low can have negative impacts as well, it could make potential buyers feel you are desperate and that will make them wonder what is wrong with the house. Listing within the midrange of what a detailed and well thought out CMA provides can give you the extra edge to gain more viewings and offers.

Along with asking for a CMA from prospective Realtors, check out their sale portfolio, where you can see what they have sold, the differences between list and sale prices and how long it takes houses to sell on average. Don’t assume a big corporation will be the best place for you to find the best or most successful agent. Many of the top Realtors in their markets actually go out on their own so they can establish their own best practices. Focus on an agent’s track record and what they provide you in a CMA, which is typically provided free of charge. An agent who provides you with useable, accurate data through a detailed CMA will help you toward a home sale you can be happy with. When you are ready to buy or sell a home, Joseph McCabe at Keller Williams is here to help you with all of your real estate needs! If you are unsure what your options are, call Joe at 215-868-6379 or email at joseph.mccabe92@kw.com. You can also visit us at our website for available listings and additional information.

Decorating cheaply in Philadelphia, Sell your home fast

Decorating on a Budget

Get your home ready to sell or make it feel fresher to live in cheaply. 

Joseph McCabe 215-868-6379 Philadelphia Realtor

DIY SAWHORSE TABLE

We’ve mentioned something like this on our blog on fun ideas for outdoor summer parties and whether you’ll be hosting simple gatherings or full-on parties in your yard, this is one DIY that is sure to bring your level of savviness to out of this world proportions!

HANG UP A VINTAGE SIGN

Much like how artwork anchors a room, a huge vintage sign can bring focus to your outdoor room. This may not come cheap, since vintage signs are quite pricey even at the flea market but hey, if you’re looking to make a statement, this is the way to go.

DECORATE WITH A USED OUTDOOR FIREPLACE

Whether you use old metal fireplaces or use a big planter or fire bowl, nighttime hanging out at your yard will not be the same ever again when you make use of this patio decorating tip. What’s will make this better? If you can actually use the outdoor fireplace to cook up some campfire treats!

BRING OUT A COLOURFUL RUG

Have imperfect pavers, cracked brick, or just want to give your patio a new lease on life? Use colourful rugs! Not only will they cover imperfections, they would also make your patio feel like an extension of your home, sort of like having an outdoor living room.

OUTDOOR CURTAINS ANYONE?

Curtains are not just for the inside of your home; in fact, you can definitely transform an outdoor space into another room by simply hanging curtains for shade and privacy. Use waterproof materials for a no-fuss low-maintenance addition to your patio.

CREATE SALVAGED PALLETS FURNITURE

Outdoor furniture can get very pricey but you can have creative daybeds and seating for cheap with the use of wooden pallets! Get them from local stores or craigslist and see tutorials at pinterest. Simply add in cushions and you’re good!

TRY A TREE STUMPS TABLE

Got some tree stumps or logs? Cut them to the same height to make a sturdy base for a table. Add a table top of your choice and you’ve got a unique piece showcasing your creativity. You can make the table as high or as low as you want or even add poufs as seating for a relaxed outdoor dining area. It’s a great recycling project too!

MESMERIZE WITH CAFÉ LIGHTS

A few strands of café lights is one of the easiest (and cheapest) ways to spruce up your outdoor lighting. These days, they also come in the solar variety too! Read More here

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Want to become an Investors I can help you!!

In investing your criteria identify potential deals, your terms determine the real deals, and your networks supports all of you deals! 

Anyone can win in real estate! Already owning a home is not an excuse for widening you investment portfolio. Real estate is always a win! Let me help you find your first steal!!! 215-868-6379

Call me Now or email joseph.mccabe92@gmail.com

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