Mid Year Update and VA Loans

by | May 28, 2012 | How to Guides, Market Reports

And now we go in depth for a special Memorial Day real estate update with our real estate expert Nick Krautter of sellpdx.com and Keller Williams Real Estate.

Q. We’re almost to mid-year, what is your take on our market so far in 2012?

A. Lowest interest rates, highest rental rates, huge jump in apartment building, prices are at their bottom and investors are buying up everything they can.

Q. What do you think is the biggest benefit for veterans with regards to real estate?

A. Far and away it’s the VA loan program. This is a loan program for active and honorably discharged military personnel and also reservists with 6 years of service and widows whose spouses died from service related injuries.

Q. What are the biggest benefits?

A. The two big things are VA loans are zero down loans and they don’t have mortgage insurance. The rates are also comparable with conventional loans.

Q. Is there any catch?

A. There is a funding fee which is about 2% and that can be added on to the loan and the appraisals can some times be a bit tougher. It’s not the loan program for a fixer property.

Link: VA Loan info

0 Comments

Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington