Buying a Home in Texas as a 100% Disabled Veteran: Best Practices and Tips
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- Опубликовано: 11 июл 2024
- For Home Buying or Selling Assistance - www.raoulrowe.com www.raoulrowe.com
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Intro & Importance of Representation (00:00-00:21)
00:00: Welcome and brief introduction
00:07: Highlight speaker identity (Raoul, Broker/Owner of Ready Front Real Estate, Austin, TX)
00:14: Mention being an Army Veteran and experience with veteran clients
00:17: Emphasize choosing the right representative (broker/agent) for VA loan and tax exemption procedures
Impact of Lender Understanding on Mortgage Qualification (00:21-01:05)
00:21: Introduction by another speaker
00:24: Point out the crucial decision of choosing a knowledgeable lender
00:34: Explain benefit of lenders who acknowledge 100% disability and no property tax payment for veterans
00:44: Contrast with lenders who don't understand and require tax inclusion in mortgage qualification, limiting loan possibilities
00:57: Mention banks potentially denying qualification without tax usage due to paperwork avoidance
1:03: Reiterate importance of finding a lender who recognizes veteran tax exemption for optimal qualification
Applying for Tax Exemption After Home Ownership (01:05-01:50)
1:05: Address situation for already-owned homes with 100% disability exemption
1:10: Guide on applying for tax exemption with appraisal district documentation
1:18: Instruct contacting the mortgage bank with exemption notice
1:25: Request to stop escrow charges and return the accumulated sum
Handling Partial Year Taxes Before Exemption Refund (01:50-02:32)
1:50: Clarify potential need to pay property taxes for months before exemption application
1:58: Advise setting aside part of the returned escrow to cover those months
2:09: Reminder that tax charges may still occur at year-end for pre-exemption period
Summary & Call to Action (02:32-03:02)
2:32: Recap the key points: choosing informed representation, finding a knowledgeable lender, and understanding veteran procedures
2:44: Encourage rolling in the right direction with proper understanding
2:49: Introduce and thank viewers
2:58: Offer comment section for questions and provide contact information for real estate assistance
3:02: End video with outro
In this video, Raoul Rowe, an Army veteran and real estate broker based in Austin, Texas, shares valuable insights on purchasing a home as a disabled 100% veteran. Whether you're a first-time homebuyer or have just received your 100% disability rating, Raoul provides expert guidance on working with a knowledgeable real estate professional and lender, maximizing your VA loan benefits, and taking advantage of tax exemptions to save money on property taxes. If you're a disabled veteran looking to buy a home in Texas, this video is a must-watch. Follow Raoul's advice and you could be on your way to owning the home of your dreams.
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In-person - FREE Texas Veteran Home Buyers Workshop
Get Tickets 👉🏾 bit.ly/txogb_july8_workshop
I read that….If you are a first-time home buyer (see definition here), you can apply for a mortgage interest tax credit known as a Mortgage Credit Certificate (MCC). An MCC reduces your federal income taxes every year by allowing you to get 20% of what you spent on mortgage interest back as a tax credit. Because the tax credit refunds a portion of your mortgage interest, it also effectively reduces your mortgage interest rate. Do you teach anything about this?
I don't go too deep into these topics such as this since it's heavily focused on the mortgage lender side of real estate. However, I have put together this blog that might be able to help: www.readyfrontrealestate.com/blog/mortgage-credit-certificates-mccs-in-texas-a-guide-for-veterans/
Thanks,
Raoul
@@RaoulRowe thank you
Great video
Best video I’ve seen on this question thanks bro
Yes, sir! I'm glad you found value. Let me know if you have any questions.
www.raoulrowe.com
Thanks for all the great info
Very welcome! Let me know if there is anything specific you guys would like to learn more about.
Great information. Thanks brother
Thanks! I'm glad you found value. Let me know if you have any questions.
Texas is looking good!
Indeed, it does!
Good morning brother im a veteran as well ill be moving to Texas next year hopefully you can assist me with my first home purchase , thank you for your service.
Good stuff! Thank you for your service, and it's great to hear you're planning to move to Texas. I'd be happy to assist you when the time comes for your home purchase. Just let me know, and I'll do my best to help. Best wishes for your upcoming move!
Raoul
www.raoulrowe.com
Im thinking moving from Maryland to Texas.. most important issues need Great school for my kids and great diverse neighborhood as I have a Bi racial Phillipino family
I am a veteran and working on my Real Estate License ❤
Get at it!
Excellent source of information, thank you for the heads up. I own a home in texas, would like to upgrade more land ,three bedroom. Looking for advice.
Very welcome! Feel free to reach out with any questions you may have. www.raoulrowe.com happy to help!
Do you have a list of lenders that you recommend who are familiar with working with disabled veterans?
Hey I do not work with any particular set of lenders. I work with ones that will do you guys right and that's on the case by case basis. Rules change within a mortgage brokerage all the time. But before I send any lender your way they will know what right look like and what I expect when working with disabled veterans.
I’m at 100 percent trynna move down to Dallas would you be able to help me out
Yes sir, you can reach me here when you are ready - www.raoulrowe.com
Hi. Do you happen to know if MUD taxes are also exempt for 100% disabled veterans?
Hey, a 100% disabled veteran in Texas may be eligible for a property tax exemption for their property located within a Municipal Utility District (MUD).
The exemption applies to the MUD property tax portion only and not to other taxes or fees assessed by the MUD for services such as water and sewer. Once you get your bill, it should be an itemized list of what fees you are paying.
90% TDIU rates at 100 and been denied
Hey bro what if you own a home but credit score is not solid. What are your options.
Hey, honestly, credit is your least worries, more so will be affordability of what you're looking to get. Give me a call, and we can discuss 737-210-1690