Battling for what’s right has been a mission for Home Team Leading Branch Manager Stephen Swarner since his days in the United States Navy. Now, in the home mortgage industry, he’s battling a different issue – misconceptions about VA Home Loans, and opening the door to even bigger challenges on the horizon.
Tell readers a bit about yourself and how you and your family came to be in Palm Coast.
My Family and I originally came from Nashville, Tn. We love the beach and wanted something different, so we uprooted and came down. We were NOT looking at Palm Coast at all, however our realtor Cathy Heighter and my wife Brittney hit it off real good and after searching for 3 days and over 50 houses, our last stop was PC and bought the first house we saw.
As a veteran, what made you decide to join the mortgage industry?Â
As a veteran, sometimes you don’t know what you want to do in life. I was in marketing and ran a few small businesses, and I have always been a social butterfly. After meeting Cathy I thought we would make a Great team. Plus, it gives me an opportunity to help vets get their dream home.
You’ve been battling misconceptions about VA loans. What is the perception versus reality of obtaining a VA loan?Â
Some Sellers, and realtors don’t want to fool with VA financing because there are some myths that cause people to not want to “hassle” with the GOVERNMENT BACKED loans.
MYTHS:
-
VA Loans are too expensive…… Not true, they don’t require Mortgage insurance and usually have better rates than Conventional.
-
VA Loan Quals are too strict…… VA is way more lenient than conventional, and has a no down payment option.
-
VA Loans are not available while serving abroad……Not true, a qualifying dependent can assume the house before you get back from deployment.
-
VA Loan appraisals are a hassle…… As long as the house is in good living condition, you should not have an issue, so no fixer upper.
-
VA Loans take too long to close…. Maybe with an uneducated lender. Should take no longer than a conventional.