Archer Posted May 18, 2015 Author Share Posted May 18, 2015 Alright interesting quesiton since some of you may know the answer. 150k for the house I am looking to buy Interest rate is at 3.75 with a buy down option to go to 3.25% UH however I am sure that is if I had perfect credit score I do not, my credit score is around 660. So I have no clue what interest rate or buy down I will be quoted just got that off the banks site If I have an interest rate though at 3.75 In Georgia with 100% service connection you dont have to pay a homestead tax does that apply for a single family unit on .5 acres? What would be my monthly payment plan?? Im so nervous cause I just got the coe and want to go with either usaa or wellsfargo I was going throgh wells fargo with an fha but now I can drop the fha thank the heavens Link to comment Share on other sites More sharing options...
HadIt.com Elder Chuck75 Posted May 19, 2015 HadIt.com Elder Share Posted May 19, 2015 Generally the homestead exemption will apply, on 1/2 acre. I have twice that, and in my Georgia county, the real estate tax after the exemption on my residence (with a similar valuation) is 0. This saves over 1k a year in tax. I'd certainly do everything I could to get the credit score into at least the mid 700's. With a better credit score, you may find that there are lower cost alternatives to the VA loan program. As to the possible monthly payment - - - I'd guess (a wag) between 600 and 1,500 depending on a lot of variables. Link to comment Share on other sites More sharing options...
Computer Tech Posted May 19, 2015 Share Posted May 19, 2015 Congratulations. Rick Take nothing but pictures Leave nothing but footprints Link to comment Share on other sites More sharing options...
Archer Posted May 19, 2015 Author Share Posted May 19, 2015 Thanks Chuck and thanks Rick. God I am so happy. I have fought the va for the CoE longer than I fought them over the Service Connection. Link to comment Share on other sites More sharing options...
HadIt.com Elder Chuck75 Posted May 19, 2015 HadIt.com Elder Share Posted May 19, 2015 The COE bit was something I had to go through hoops for. At one time, it was printed on the back of an honorable discharge, or DD214 (don't remember) Mine did not have it, so I had to use the then current process. It wasn't difficult when the VA documentation showing service connection and disabilitiy was in place. If you also file for life insurace coverage, you should submit the "waver" that allows the first 10k of coverage premiums to be waved. Link to comment Share on other sites More sharing options...
HadIt.com Elder Pete53 Posted May 19, 2015 HadIt.com Elder Share Posted May 19, 2015 Congrats and as you have learned you have to stay after them Veterans deserve real choice for their health care. Link to comment Share on other sites More sharing options...
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