How to Qualify for a VA Mortgage in San Antonio

by marcinsarasota on May 2, 2012

A VA loan is a Veteran Affairs mortgage loan in the United States, which is guaranteed by the United States Department of Veteran Affairs. The basic agenda of a VA loan is to help veterans with home financing and to assist them in buying a property with zero down payments. For qualifying for a VA how much mortgage can I afford in Austin, you first need to track most of the Austin condos on sale.

To qualify for a VA Mortgage loan, select the appropriate property in Austin. The next step is to contact a VA loan officer. Keep in mind all loan officers are not VA approved. After this, you need to do is apply for a certificate of eligibility. This document is very important for you because with this the VA lets the leader know that you are eligible for a VA loan. Fill in the necessary details in your VA form 26-1880 and submit it to any VA Eligibility Center to request a certificate of eligibility to qualify for this loan. Along with the form you need to submit copies of your most recent separation papers covering your military activities.

Select the area where you want to buy your Austin condo. Choose an area which has the potential to go up in value later. Next, you approach the seller and present him with a good deal. Settle down upon the terms and conditions and pen down a purchase agreement. A purchase agreement is a contract that is needed for purchase of real estate between a buyer and a seller. It contains the specific terms and conditions of the price that is being offered by the buyer.

Next, approach a number of VA lenders and compare their interest rates and mortgage terms. Choose the one that offers you the best rates. Try and request for an appraisal from the VA.

Submit all the necessary documents such as the tax returns and financial statements to your seller. Sign the closing documents when everything is done and processed. Your dream Austin condo will soon be a reality.

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Homes Sold on Lido Key in 2011

by marcinsarasota on September 24, 2011

Lido Key Florida

Lido Key homes sales have been pretty active in 2011. Since this is a small island with fewer properties for sale there are a limited number of transactions. Below are sales figures for single family homes on Lido Key, Florida for both 2011 and 2010.

Lido Key Homes Sold 1/1/2011 – 9/24/2011

  • 13 Lido Key homes sold
  • $3,250,000 – Highest Sales Price
  • $372,000 – Lowest Sales Price
  • $1,354,769 – Average Sales Price
  • $1,000,000 – Median Sales Price

Lido Key Homes Sold 1/1/2010 – 9/24/2010

  • 11 Lido Key homes sold
  • $8,400,000 Highest Sales Price
  • $431,750 – Lowest Sales Price
  • $2,456,068 – Average Sales Price
  • $1,895,000 – Median Sales Price

There have been two more sales in 2011 than 2010. However, the average and median sales price are larger in 2010 because of a couple of sales. There was a sale at 1333 Westway Drive for $8,400,000 and 1345 Westway drive for $4,950,000.

Homes Sales on Lido Key Since 2010

Address Sales Price Sale Date
165 TYLER DR 440,000 9/9/2011
1 JOHN RINGLING BLVD 2,300,000 7/15/2011
241 GARFIELD DR 372,000 7/14/2011
1418 JOHN RINGLING PKWY 3,250,000 6/20/2011
520 S POLK DR 375,000 6/10/2011
729 TYLER DR 2,600,000 6/1/2011
243 COOLIDGE DRIVE 595,000 5/31/2011
405 S POLK DR 2,550,000 5/31/2011
426 CLEVELAND DR 1,450,000 5/12/2011
508 S POLK DR 695,000 5/9/2011
1224 WESTWAY DR 735,000 4/25/2011
184 WHITTIER DR 1,000,000 3/11/2011
340 MORNINGSIDE DR 1,250,000 2/10/2011
1131 MORNINGSIDE PL 710,000 12/30/2010
442 CLEVELAND DR 2,900,000 12/30/2010
1130 WESTWAY DR 260,000 11/15/2010
712 S BLVD OF PRESIDENTS 377,000 10/21/2010
1212 CENTER PL 650,000 10/1/2010
315 MORNINGSIDE DR 510,000 9/29/2010
1475 JOHN RINGLING PKWY 2,000,000 8/25/2010
181 BRYANT DR 505,000 7/27/2010
1461 JOHN RINGLING PKWY 3,800,000 5/21/2010
1345 WESTWAY DR 4,950,000 5/21/2010
1186 CENTER PL 495,000 4/21/2010
443 S POLK DR 1,895,000 4/15/2010
1333 WESTWAY DR 8,400,000 3/23/2010
1325 WESTWAY DR 2,200,000 3/17/2010
147 GARFIELD DR 431,750 2/8/2010
224 N POLK DR 1,500,000 1/21/2010
161 S POLK DR 840,000 1/6/2010

 

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