VA loan program helps military veterans put down roots in valley

Welcome home

Both Connie and Jason Tipton are veterans, and both are now full-time students at Colorado Mesa University. The couple was pleasantly surprised to discover that they could qualify for a home loan with Jason’s military retirement, and equally surprised and pleased that they found the perfect home within a few weeks of looking.



070217_REW_Home4VetsFamily

Both Connie and Jason Tipton are veterans, and both are now full-time students at Colorado Mesa University. The couple was pleasantly surprised to discover that they could qualify for a home loan with Jason’s military retirement, and equally surprised and pleased that they found the perfect home within a few weeks of looking.

On Connie Tipton’s list of wants was a nice kitchen, and she was pleased when they found their home in Fruita, which has a great kitchen for multiple cooks, with plenty of storage and work spaces.



070217_REW_Home4VetKitchen

On Connie Tipton’s list of wants was a nice kitchen, and she was pleased when they found their home in Fruita, which has a great kitchen for multiple cooks, with plenty of storage and work spaces.

JC Tipton likes a lot of things about the family’s home in Fruita, but this in-ground trampoline that the previous owners installed in the backyard is one of his favorites.



070217_REW_Home4VetsTrampoline

JC Tipton likes a lot of things about the family’s home in Fruita, but this in-ground trampoline that the previous owners installed in the backyard is one of his favorites.

When the Realtor who listed this home in Fruita held an open house, Jason and Connie Tipton went to the open house and decided to buy the home even though they initially wanted to wait another six months before buying. Both their Realtor and the mortgage lender were familiar with VA loans, which made the process smooth and easy.



070217_REW_VetFamilyHomeExt

When the Realtor who listed this home in Fruita held an open house, Jason and Connie Tipton went to the open house and decided to buy the home even though they initially wanted to wait another six months before buying. Both their Realtor and the mortgage lender were familiar with VA loans, which made the process smooth and easy.

QUICKREAD

Correction
On June 18, Vona Murphy was incorrectly identified as a Realtor with Coldwell Banker Prime Properties. Murphy is the broker/owner of Murphy & Associates Realty.



Jason and Connie Tipton are both U.S. military veterans attending school at Colorado Mesa University. They’re active in the student veterans association, they both coach two soccer teams, and they have a nine-year old son, JC, who plays basketball and soccer and is involved in the 4-H archery program.
In the fall of 2016, they were a little too busy to think about buying a house, and were living in a home owned by Jason’s mother, who had purchased the home several years earlier when a daughter attended CMU. They took advantage of their reduced rent situation, however, and paid off debt and saved money toward some date in the future when they were ready to buy.
Curiosity got them to start looking at open house listings, and when they saw one they thought looked interesting in the Redlands, they decided to go through the pre-approval process with a lender to see what price they could afford. The CMU Veterans Benefits and Services Coordinator, Amanda Herron, put the Tiptons in touch with Christine Ransier with Fairway Independent Mortgage, who is a military mortgage specialist.
“Christine really made it easy on us,” Jason said. “She walked us through the entire process.”
Even though they were going through the pre-qualification process, the Tiptons still believed they were just looking, not buying.
“We walked in and said, ‘We’re not going to buy a house,’” said Connie. “We weren’t going to rush into anything.”
Although the Tiptons figured that maybe they’d be ready to buy sometime this summer, they agreed to meet the real estate agent Ransier recommended, Angela Paul with Hummel Real Estate. Paul is a veteran and is also a military relocation professional, a certification she received through the National Association of Realtors.
The Tiptons decided to go to a few more open houses, and Connie made a spreadsheet with the family’s wants, needs and definite must-haves. In her mind, she made the spreadsheet so they could keep better track of all the homes the family would see in the ensuing months, since they weren’t planning to buy until the summer of 2017.
Then they went to an open house in Fruita. The home was in their price range, it was only two years old, and it was in a nice neighborhood. It also had central air conditioning and a nice kitchen, both of which were high on the list of must-haves.
“When we got back in the truck, everyone agreed. Buy it,” Connie said.
Thanks to the pre-qualification process, as well as Ransier’s expertise with VA loans, the Tiptons were able to purchase the house at Christmastime in 2016, instead of waiting for the summer of 2017.
Their son, JC, loves their new home, especially the in-ground trampoline in the backyard. The Tiptons like the RV parking, and the open floor plan. They were hoping to find a four-bedroom house, so they could turn one room into an office and use one as a spare room. The home they bought has five. It’s also got a fenced back yard for their dogs and didn’t need any fixing up, which the busy couple didn’t have time to do. Six months later, they still seem surprised that they bought the home.
“We got lucky with the combination of Angela and Christine,” Connie said about their Realtor and mortgage lender.
“We team up to better assist veterans,” Paul said. “With the Tiptons, we offered credits toward closing costs.”
Any honorably discharged veteran can qualify for a VA loan, which is the type of loan the Tiptons got. It’s also a superior loan, according to Ransier.
“They (VA loans) go all the way up to 100 percent loan to value, and veterans don’t need to carry monthly mortgage insurance,” she said. On a typical FHA loan, the mortgage insurance premium may add between $100 to $200 to a monthly payment, so the absence of the insurance payment on a VA loan can increase borrowers’ purchasing power.
Some fees are also discounted, and applicants with credit scores of around 600 may be able to qualify.
“Some borrowers are strong enough even with a 580,” said Ransier, who added that in her experience, many veterans aren’t familiar with VA loans and don’t know how they work.
As the country gets ready to celebrate Independence Day, don’t forget to thank a vet for his or her service. And if you know a vet who’s renting and wishing to buy, encourage him or her to go talk to a military mortgage specialist.





Check out most popular special sections!










THE DAILY SENTINEL
734 S. Seventh St.
Grand Junction, CO 81501
970-242-5050; M-F 8:00 - 5:00
Editions
Subscribe to print edition
E-edition
Advertisers
eTear Sheets/ePayments
Information

© 2017 Grand Junction Media, Inc.
By using this site you agree to the Visitor Agreement and the Privacy Policy