Exciting VA Loan Compensation Changes: Boost Your VA Business!

Hello, Realtors!

We have some fantastic news for you regarding VA loans that will make it even easier for you to work with VA clients and help them achieve their homeownership dreams. The U.S.

Department of Veterans Affairs (VA) has recently issued a temporary fix allowing homebuyers using VA loans to pay for their real estate agent’s commission, making VA clients highly viable and easy to serve.

What’s New with VA Loans?

Starting August 10, 2024, eligible Veterans, active duty service members, and surviving spouses who use their VA home loan benefits can now pay for certain real estate buyer-broker fees when purchasing a home. This change ensures that veterans remain competitive buyers in today's housing market.

Key Highlights of the Update:

• Buyer-Broker Fees: Veterans can now pay reasonable and customary amounts for commissions and other broker-related fees, which were previously prohibited.

• Seller Contribution: Veterans can still ask sellers to cover these fees, maintaining flexibility in negotiations.

• Competitive Edge: This update helps veterans stay competitive in a market where buyers are often expected to cover their own broker fees.

How This Benefits You:

• Increased Client Base: VA clients are easier to work with and highly motivated buyers.

• Simplified Transactions: VA loans are straightforward, with fewer hurdles, making the closing process smoother.

• Matching Credits: We will match any credit you give to the veteran with a free appraisal, credited at closing. This makes VA loans even more attractive to your clients.

Why VA Loans are a Great Option:

No Down Payment Required: VA loans typically require no down payment, making them accessible to more buyers.

Competitive Interest Rates: VA loans often come with lower interest rates compared to conventional loans.

No Private Mortgage Insurance (PMI): VA loans do not require PMI, reducing monthly payments for buyers.

Take Action

Let's capitalize on these changes to serve our veteran community better and close more deals. VA clients are now more viable than ever, and with our support, you can confidently guide them through the home-buying process.

Visit our website's residential loan section to learn more about our offerings and reach out today to receive quotes and discuss how we can help you serve your clients better.

Let’s do more VA loans together and help those who have served our country find their dream homes!

Warm regards,