These Three Reasons Are Why a Marine Fired His San Diego Real Estate Agent

I see this happen a lot in San Diego.  A real estate agent finds a new buyer who is serving in the military.  That new client wants to buy a condominium with his VA-guaranteed loan benefit but the agent doesn’t know what to do.  In the end, the he fires the agent—here is how it happens:

The agent starts off by showing the veteran all of the VA-approved condo complexes.  The buyer finds a great property in a complex which isn’t approved by the VA.   The agent reluctantly shows the property and the buyer loves it.  The agent asks his lender about a “spot approval” from the VA.  There is no such thing so the lender looks into getting the complex VA approved—he thinks it will take 60-90 days.  The lender tries to offer the veteran a more costly FHA loan with 3.5% down payment and PMI.   The veteran loses the property and fires the real estate agent.  When asked why the veteran fired the real estate agent, these are the three reasons he gave:

1- The agent didn’t want to show me all of the available properties in my price range.
2- The agent and the lender tried to get me to do a more costly loan
3- The agent doesn’t understand veterans or active-duty military buyers

If you are a real estate agent, that doesn’t have to happen to you.

Many of those military buyers and veterans google “VA condo approval” and find us.  We’ve financed over 1000 VA loans in the past 15 years;--close to 100 of those transactions were for condominiums which did not have a VA approval.  We secure the complex approval from the VA (sometimes in less than 21 days), process the VA loan, and typically close these transactions in less than 45 days.

Who are we and why can we do what few other lenders can with VA condominiums?

Debra Brady is an experienced loan originator with World Wide Credit Corp.  Her husband Brian is a NAR-designated “Military Relocation Professional” and Managing Director with World Wide Credit Corp.  They have a combined 27 years experience in residential lending and have glowing reviews, specifically talking about their expertise in VA home loans, on Yelp.  World Wide Credit Corp is a VA-approved direct lender, in business in the same Kearny Mesa office, since 1991.

If you have a VA buyer today, you might want to call us at 858-777-9751 and ask us a few questions.  Otherwise, you can subscribe to our weekly VA emails here.