Heide F. had used Ethical Homes to purchase her first home in DC; after getting married and deciding to move up to a larger home, she and her new husband Jim came back to Ethical Homes for assistance with the using their VA eligibility to get financing for their next purchase.
Heide & Jim were both in the military, and wanted to take advantage of their Veteran’s Administration benefits to get great financing for their purchase, but most lenders said that the property wasn’t eligible for purchase using a VA loan. Ethical Homes knew that the property technically was eligible because of a relatively obscure provision of the VA financing rules, so we went to our stable of literally dozens of wholesale lenders, and were able to find one who would approve the loan under that provision.
DC law doesn’t allow the same person to act as the mortgage broker and real estate agent on the same transaction, and at the time Ethical Homes didn’t have as extensive a network of affiliated agents working in D, so Heide & Jim had to use a different agent to help them with their purchase, who wasn’t familiar with VA loans. Since we are experienced agents as well as mortgage brokers, however, we were able to help their agent navigate the intricacies of the relevant VA financing contract clauses. And when the sellers was balking at accepting Heide & Jim’s offer, their agent asked Ethical Homes to step in and talk to the sellers about why Heide & Jim’s offer made the most sense for both sides. As their agent said to us later:
Thanks for all your help. I just had a good feeling that if she talked to you they would feel better about [the offer].
Ethical Homes came through for Heide & Jim yet again when a VA underwriting issue was going to force them to pay hundreds of dollars extra per year for their homeowner’s insurance; with our thorough knowledge of VA regulations, we were able to step in and show the underwriter why Heide & Jim shouldn’t have to pay the higher amount.
Heide talks about her second experience working with Ethical Homes:
I cannot recommend Sweth and Ethical Homes strongly enough. The education and information we received were invaluable and the customer service tremendous. Sweth and his team helped significantly to make this buying process a positive experience.
And Heide wasn’t joking about how much she recommends Ethical Homes; her raves about our services have led to over a dozen other people contacting us for assistance already!
Possibly related posts (automatically generated):
- Testimonial from Heide B.
- Testimonial from Alex & Julia C.
- Testimonial from Dawne D.
- Fannie Mae Will Pay Closing Costs On Certain Post-Foreclosure Sales
- Testimonial from Greg & Lorena S.
- Testimonial from Mona H.
- Testimonial from Walt & Diane M.
- Testimonial from Jill & Amir Stepak
- Testimonial from Melissa B.
- FHA announces new guidelines for post-short-sale mortgages
