Termite inspections and VA Loans in Phoenix
If you’ve served honorably in the military, you know that you’re entitled to many benefits. One of the most generous and important is a VA loan. This makes it much easier to attain the dream of owning a home. When you’re looking for your ideal house, and you plan to finance through this method, there are a few things to consider. For instance, does the home have a possible pest infestation? Getting a termite inspection in Phoenix can save you a lot of time and expense in the long run. Learn some need-to-know facts about what you should do before applying for a VA loan on a property.
How to get a VA loan
VA loans are a part of the historic GI Bill, which was passed during World War II. They’re a provision within that law that allows veterans to get a mortgage without having to make a large down payment. This can save you $10,000 dollars or more in upfront costs, essentially allowing you to buy a house without saving up for years. Another benefit of this is that you don’t have to pay the additional monthly cost of mortgage insurance. This can drastically lower your monthly payments. The benefit allows you to get a more expensive home for the same price, or to end up paying less on a regular home that’s already within your means.
Here’s how it works. Your loan actually comes from a bank or other private institution. The VA guarantees the lender that if you can’t pay the loan back, they will. There’s no risk to lenders who make VA loans. This doesn’t mean that you don’t have to pay off your mortgage, though. But because of this guarantee and the fact that there are millions of veterans who are eligible for the loans, lenders offer very favorable terms. This saves you money, both on the initial costs and on your monthly payments.
Besides the monthly repayment, your other cost is a VA fee, which is much lower than a mortgage down payment. You might not have to pay this fee, either. For instance, some disabled veterans can get a waiver. Make sure to check, because you want to save your family as much money as you can.
Who qualifies for a VA loan?
The rules can get amended from time to time,
- Time Served: If you were enlisted and began your service in September of 1980, you need two years of service. The same goes for officers who started during or after October of 1981. This covers active duty personnel. Members of the reserves or the National Guard have longer service requirements. If you served in combat, the time requirement is shorter.
- Recent Service: It doesn’t matter how recently you served. If you were involved in the War on Terror, all the way back to World War II, your eligibility does not expire.
- Terms of Discharge: You must not have been dishonorably discharged.
- Spouses: Some surviving military spouses are eligible for VA loans. Check with your local VA office to see if you can get one.
Protect yourself with a home inspection
Owning a home has some stress associated with it, which renters don’t have to face. For instance, if something breaks in a home that you own, you don’t have a landlord to fix it for you. The same goes for vermin infestations. This is why it’s critical to get a house inspected before you buy it.
Part of the process of getting a VA loan includes a VA appraisal. This in mandatory, and it’s not free. The appraisal doesn’t include an inspection for insects and other pests. It’s purpose is to determine the value of a home. If you want to save yourself time and hassle, it’s a good idea to have a property inspected for termites and other infestations before you have a VA appraisal done. While insect inspections aren’t free, either, you can often leverage your superior buying power to get the homeowner to pay for the inspection. This saves them from any future liability connected to an insect issue if the inspection comes up clean.
Termite inspections in Phoenix
Termites are a problem throughout the country. If yu live in Arizona, you’e aware of the damage they can cause. A thorough inspection of any property checks for all signs of their presence, including mud tubes that they use to reach up into your home. If a technician finds termites, you probably want to look at other properties. Depending on the extent of their presence, you could instead opt for removal and repair, especially if the property otherwise fits the criteria for your dream home.
The Anteater Exterminating Difference
At Anteater, we’ve been in business since 1995. In that time we’ve established rich relationships with our neighbors, including community outreach. Our team is filled with honest, competent and experienced technicians. When you set up a home inspection through Anteater, you know that you’re getting service that’s up to the standards of professional organizations such as the National Pest Management Association and the Arizona Pest Management Association.
Our techs come at a time that’s convenient for you, and they explain everything in detail. This way, you can determine the best course of action going forward. Our other services include extermination and removal, not just of termites, but all bugs, birds, and rodents that cause problems in the area. We also offer yearly maintenance plans that can help you keep your property free from unwanted, invasive species.
All you have to do is give us a phone call or fill out the handy contact form on this site. Once we have your details, we can set up a consultation. Our rates are very fair and affordable. There’s no reason to delay getting the home of your dreams. You put in your time with the armed forces, now it’s your turn to benefit. Get set up with the VA, but make sure to have Anteater come and make an inspection before you make your final decision.