VA Mythbusting: The Veteran Mortgage Advisor

VA Mythbusting: The Veteran Mortgage Advisor

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The Mission of the Veteran Mortgage Advisors is to educate the real estate, lending and Veteran communities in order to serve & protect our military home-owners and to encourage military home-ownership.

Unfortunately there are a many false assumptions and incorrect beliefs when it comes to the VA home loan. Those misunderstandings have led to negative bias about how VA home loans work which has caused many Veterans not taking advantage of the benefits they earned from their time in the military.

So as a mortgage professional, I set a goal of correcting the misunderstandings and setting the record straight to help as many Veterans as I can. This passion for serving Veterans comes from my time living outside of the US, which has given me a better perspective than most on the freedoms and the opportunities that freedom gives us here in America-- all of which has been protected by the Active Duty Service-members and Veterans of the US Armed Forces who tirelessly stand guard for us.

To live up to that commitment I have made to serve Veterans I have sought out an earned several nationally recognized designations within the mortgage industry --VMA (Veteran Mortgage Advisor); CVLS (Certified Veteran Loan Specialist); MMBC Instructor (Military Mortgage Boot Camp). All of these organizations strive to bring a higher standard of service and level of care for our Veterans seeking home ownership opportunities. Using the knowledge gained through those courses of study I teach classes to Real Estate Professionals, other Loan Officers, and directly for Veterans, bringing them the correct info about how easy it is to work with the VA home loan. because our Veterans deserve to know the truths about the VA home loan.

I encourage you to bookmark this page--the short info videos cover important differences of VA loans as compared to other financing types (videos to the right if viewing on desktop or below if on mobile. This video library is constantly growing and is added to every week. Scroll through the videos for a summary of why the VA home loan is the superior financing option.

If you are a Veteran, a Real Estate professional, or a seller that is considering accepting an offer to purchase your home coming from a Veteran, and you have questions about the VA home loan please get in touch with me, I'll be more than happy to help a Veteran with home ownership.

VA Minimum Property Requirements (MPR) Summary

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90-Day Flip Rule

No loan amount limit

VA Funding Fee and Disability ratings

IRRRL - Interest Rate Reduction Refi Loan

Appraisals, Tidewater, and Revision of Value

Paying Closing Costs

Co-Borrowers

Downpayment vs. Earnest Money Deposit

Wait time after negative credit events

Zero down is not a financial weakness

VA Underwriting is EASY

Condos and VA loans

Pest / Termite reports

1 in 3 Veterans dont know

More than a one-time use

VA Occupancy requirements

The GI Bill

Mortgage Insurance

Funding Fee Exemptions

Home Inspections on VA loans

Hats off to the US Navy for helping ALL Veterans

Are some Real Estate Agents reluctant to work with US Veterans?

Why Residual Income is important

Why are sellers afraid of working with US Veteran buyers?

Veterans are overpaying on real estate taxes

Mulitfamilies and VA home loans

Exemptions from the VA Funding Fee

I highly recommend working with Patrick!

“I felt very well educated, calm, organized, and prepared for home ownership largely because of Patrick. I highly recommend him, as I have already. He kept me on track with everything and honestly make me feel calm during the time that is usually scary for anyone purchasing a home for the 1st time. I truly feel lucky he is on my team.”

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simone f.

Patrick was great to work with!

“My husband and I recently worked with Patrick to refi our house. He was informative and quick to respond. We will definitely stay in touch. Thanks Patrick!”

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jen mackeen

Happy Homeowner

“Patrick was absolutely AMAZING throughout my entire recent home purchase. It took a few years due to other personal obligations and minimal inventory. Patrick was extremely patient which made the already stressful process very easy. He held my hand every step of the way! I’ve already recommended him to others and would work with him again!”

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zuser201701141743568

Great experience!

“Patrick was fantastic to work with. From pre-approval to closing day he was on top of everything. He explained the entire process in detail and made sure all of the numbers made sense to us. I definitely hope to work with Patrick again.”

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josh ells

Patrick is top notch!

“Patrick takes so much of the stress out of the home buying experience - my husband and I felt incredibly supported the whole way through. Can’t thank him enough for all of his help along the way! Feels great to have him on our team!!”

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melissa manning

1000% Recommend.

“I can’t speak more highly of Patrick Queally and his office. He made the hectic process of home buying a breeze by being clear and communicative from step one. We put our full trust in Patrick and would tell everyone to do the same. With almost daily updates of where the process was, and willingness to jump on a call 24/7, we never felt rushed/stressed or behind on any of the deadlines for or mortgage. 10/10 Professionalism!”

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w. lyons

Patrick is the best loan officer of all time

“This is now my 2nd time using Patrick as a loan officer and I couldn't be happier. Patrick is always a quick phone call or text away and is always extremely helpful and responsive. This time around I had a nightmare scare where I was a victim of wire fraud and Patrick helped get the issue resolved by working with several professionals as well as staying in constant contact with me. I would recommend Patrick to anyone!”

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mac luciani

Extremely Organized, Responsive, and Down to Earth

“Patrick was recommended to us by good family friends who had nothing but good things to say about him. My wife and I were completely ignorant to all the nuances of real estate and getting a mortgage, but from our first contact with Patrick, he took his time to explain all of the intricacies and tiny details, as well as answer all of the questions we had. We started this process over 4 years ago, and even in the slumps of our search, Patrick would always check in with us and offer guidance on trends and ways to get our offers noticed. Patrick was always available to answer questions, or get pre-approval letters to us, and he ALWAYS followed up with the selling agent on any home that we would put an offer on, as a way to let them know that we were legit and being represented by a local professional that had vetted us, and not a corporate robot. On the rare occasion Patrick wouldn't be available, he would always follow up with a time or a date where he could get back to us where he'd send a calendar invite to block out time. You can imagine that the process of getting an offer accepted is just the tip of the iceberg. All of the steps once our offer was accepted were so meticulously organized and tracked that it took the majority of the stress out of that process. Patrick has numerous resources that kept us informed and up to date, and helped us go from offer acceptance to closing date in a little over 30 days. We have nothing but great things to say about Patrick and all of his hard work. His various sports calendars are also a nice bonus too around each season. If you are in New England, you need to work with this great guy!!”

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alex & lauren hasome

Patrick was great!

“Patrick was so helpful throughout the entire process. Any questions we had he was available right away. He made our first home buying process so easy and not stressful at all. He is completely upfront and honest about everything. We’re very thankful to have found him and would use him again.”

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tyler simpson