It’s home-buying season. Are you ready for the competition?
Spring and summer are the homebuyer’s most popular seasons — with warm temperatures making a new home search more appealing, and military families preparing for a change of duty station. With so many potential buyers looking for a home, the competition to find the right home for you can be a real challenge. That’s where AAFMAA Mortgage Services LLC (AMS) can help. We strive to assist the military community to navigate the home-buying process — making it an easier, smoother experience for you.
Here are a few tips to consider as you begin your home search:
Clarify Your Budget
While many houses on the market may seem like your dream home, it is important to keep a realistic mindset. Interest rates on the rise could impact your purchasing power. So to be really prepared, you must assess both your needs and your budget before you begin looking at homes that may or may not be a good match. A great way to start is by using the AAFMAA Mortgage Calculators to help you plan your budget.
Many sellers and their Realtor® prefer buyers who have already been pre-approved for a mortgage, as it provides security that the deal likely won’t fall through. Get pre-approved to find out the maximum amount of money you can borrow and also get a competitive edge against buyers who don’t have pre-approval letters.
Bring in the Pros
Since AMS exclusively serves the military community, we are fully aware of your unique needs in purchasing a home — whether you have a short timeline because of a deployment, or you’re PCSing, or you’re a veteran who is looking to put down roots and purchase a forever home.
Better yet, AMS currently has a special offer for buyers planning on using a VA mortgage. If you originate, close and fund a VA Mortgage with AAFMAA Mortgage Services before June 3, 2018, AMS will provide up to $1,000 of your closing costs and a free VA appraisal!
Start You Home Purchasing Journey
AMS is passionate about serving you and your military family and we strive to provide you with individualized service. The best way to get started is to fill out our application or call 844-4-AAFMAA ((844) 422-3622) to speak with one of our licensed mortgage professionals.
AAFMAA Mortgage Services LLC is an Equal Housing Lender and is a VA-approved lender not acting on behalf, in the direction of, endorsed or sponsored by the Department of Veterans Affairs or any government agency. This is not a commitment to lend or an offer and is for information purposes – Your actual rate, payment and costs could be higher. Not all borrowers will qualify. Up to $1,000 towards closing costs and free VA appraisal is good for loans that fund only during the time period stated (and not to loans that don’t fund beyond 9/30/2018). Get an official Loan Estimate before choosing a loan. This is for VA mortgages (refinance and purchase) only. NMLS ID # 1423968. http://www.nmlsconsumeraccess.org/. For further state licensing and disclosures visit www.aafmaa.com/mortgage. 639 Executive Place, Suite 203, Fayetteville, North Carolina 28305. 844-422-3622. Licensed Lender in Alabama 22416, Colorado, Connecticut ML-1423968, Delaware 0243333, Florida MLD1376, Indiana 34842, Kansas MC.0025489, Kentucky MC401802, Maryland 22541, North Carolina L-167411, Oklahoma ML011430, Lender and Broker in Rhode Island 17050098480, Pennsylvania 61781, Tennessee 135339, Lender and Broker in Virginia MC-6685. Contact AAFMAA Mortgage Services LLC for current rates and a full Loan Estimate. This is not an offer and rates displayed may not be available at the time of rate lock. On April 20, 2018 rates and fees for a 30 year term, $200,000, VA fixed mortgage, with a 720 credit score, in the State of North Carolina were 4.125% with an APR of 4.353%. Loan to value is 100%. Principal Residence. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. Payment is $969.30 (principal and interest only). No prepayment penalties. Not all borrowers will qualify. This is good for loans that close. AAFMAA Mortgage Services LLC is a licensed mortgage lender located at 639 Executive Place, Suite 203, Fayetteville, NC 28305, NMLS # 1423968