Military & VA Loan Q&A

VA LOAN VS. CONVENTIONAL LOANS

I would use either of the loan programs based on the following …

Use a VA loan if:

If you’re a veteran or active service member
You do not want to pay premium mortgage insurance or have a down payment
You’re buying a home that you’re going to live in

Use a conventional loan if:

You want to avoid paying the VA funding fee or not deal with the VA appraisal rules
You want financial flexibility for investment property or your second home
You have good credit and can pay the down payment

CAN I USE A VA LOAN TWICE?

Yes you can use your VA loan multiple times depending on your remaining VA eligibility entitlement.

WHAT ARE THE BEST PLACES TO LIVE NEAR LANGLEY AIR FORCE BASE?

Some of the best places to live near Langley Air Force Base:

Hampton
Yorktown
Poquoson
Williamsburg
Newport News

HOW LONG BEFORE PCS SHOULD I BUY?

The Ideal timeline should be to start looking/purchasing a home within 3-6 months of your PCS move. This timeframe gives you enough time to study neighborhoods, see your different housing options, and arrange for the proper financing.

SHOULD MILITARY RENT OR BUY?

If it’s a short term PCS or you have an assignment that is uncertain you should rent. If you have a 3 plus year PCS with remaining VA loan Entitlement, then you should buy as it can be aﬀordable and smart.