1 00:00:00,000 --> 00:00:05,120 With record prices still being set, the current landscape of veterans trying to buy a home can be 2 00:00:05,120 --> 00:00:09,840 difficult. Record high prices and high interest rates can make it seem impossible at times. 3 00:00:09,840 --> 00:00:13,760 Joining me to talk about the best way to leverage existing loan programs and 4 00:00:13,760 --> 00:00:19,360 find deals is Clint Jordan. He's the founder of Milistate, a military real estate network. 5 00:00:19,360 --> 00:00:24,160 First of all, thanks for your service. Tell us what moved you to continue helping veterans in 6 00:00:24,160 --> 00:00:29,120 this way after your career in the Air Force. Yeah, of course. Thanks for having me on and do what 7 00:00:29,120 --> 00:00:34,160 you guys do as far as the coverage and trying to get as much information as there is out there. 8 00:00:35,280 --> 00:00:40,240 Literally, when I retired, I had a realtor who didn't know a whole lot about the VA loan. I think 9 00:00:40,240 --> 00:00:44,720 we have a lot of veterans that run into the same problem. That's what literally made me decide 10 00:00:44,720 --> 00:00:50,480 to, I can probably learn all this stuff and better represent us. That's kind of what got me in this 11 00:00:50,480 --> 00:00:58,320 space. All right. Now, what do veterans need to know about the VA home loan? Yeah, number one, 12 00:00:58,320 --> 00:01:04,720 it's fantastic, right? Number two, you earned it. Another thing is that it's like 13% of our 13 00:01:04,720 --> 00:01:09,920 eligible people ever use it. So I don't think we totally understand the benefits of it. But 14 00:01:09,920 --> 00:01:15,760 if they're money down, it's backed by the government. It's a great, great loan. And 15 00:01:15,760 --> 00:01:19,520 one of the reasons we built Milistate was where I built it was a couple of years ago back when 16 00:01:19,520 --> 00:01:26,800 the market was super seller heavy. We were having people be told that you had to flip from a VA loan 17 00:01:26,800 --> 00:01:31,840 to a conventional to get into a house. I'm like, that's crazy to know the answer to that. Let's 18 00:01:31,840 --> 00:01:36,080 find better realtors that kind of understand that process. So they need to know that it's there for 19 00:01:36,080 --> 00:01:40,480 them. They earned it. And then there's realtors and lenders and everybody else that understands it 20 00:01:40,480 --> 00:01:48,320 fully. Now, tell me more about your company about Milistate. Yeah. So I founded it. We're about 13 21 00:01:48,320 --> 00:01:55,520 months old now, but it's 100% veterans and military spouses. I personally interview and 22 00:01:55,520 --> 00:02:00,000 vet each one of them to make sure that we have coverage nationwide for and all different brokerages. 23 00:02:00,000 --> 00:02:04,560 It's not like, you know, all real broker, Kella wins. It's all different brokerages, but we are 24 00:02:04,560 --> 00:02:10,080 all veterans and are military spouses. And the goal is just to have an agent everywhere that our 25 00:02:10,080 --> 00:02:15,120 veterans and military community can turn into. That's very, very experienced in the market, 26 00:02:15,120 --> 00:02:20,800 highly experienced in the VA, the PCS, the stressors, all of those things. So we have about 152 agents 27 00:02:20,800 --> 00:02:26,880 currently. Okay. So you can help veterans in many states. All of them. Yeah. And then we're 28 00:02:26,880 --> 00:02:32,400 specific to markets too. So, um, I guess they're very experienced in their markets specifically, 29 00:02:32,400 --> 00:02:35,840 like I'm here in Colorado Springs and then we have some of the Denver cause they're two totally 30 00:02:35,840 --> 00:02:41,200 different markets. Okay. Now, is there an expiration back to that VA home loan? Is there an 31 00:02:41,200 --> 00:02:48,880 expiration and can it be used more than once? Yeah, no expiration to it and it can. I mean, 32 00:02:48,880 --> 00:02:56,000 you can use it multiple. I've used my VA loan three times now. You can assume VA loans like 33 00:02:56,000 --> 00:03:00,480 that's the thing that's going on right now with the interest rates being so high. And if I'm eligible 34 00:03:00,480 --> 00:03:05,440 to use my VA and let's say that you have yours and you have a good rate on your home, I could come 35 00:03:05,440 --> 00:03:11,360 in and assume your current loan at your current rate. I use my VA eligibility and then you get 36 00:03:11,360 --> 00:03:15,760 yours back. So you go turn right back around tomorrow and go buy a different home. Now, 37 00:03:15,760 --> 00:03:20,640 are there other programs from home ownership for vets that aren't as widely known? 38 00:03:22,240 --> 00:03:26,800 I mean, there's, I mean, obviously the other loan programs are FHA and conventional. 39 00:03:27,840 --> 00:03:32,320 Those are the other ones that are out there. There's besides the VA loan, there's not a 40 00:03:32,320 --> 00:03:38,080 whole lot out there specifically for our veterans that are coming anywhere close to the, 41 00:03:38,720 --> 00:03:43,120 you know, what they get with the VA loan. No, I would like to just let some of our veterans 42 00:03:43,120 --> 00:03:47,600 know if they're out there that, hey, the rates may be a little bit high right now, but, you know, 43 00:03:47,600 --> 00:03:52,640 think back to two years ago or so when rates were lower and people were paying 20, 30, 40, 44 00:03:53,280 --> 00:03:59,760 50,000 over asking price. So although the rates seem high right now, the buyers have a lot of, 45 00:03:59,760 --> 00:04:03,520 a lot of leverage, right? We can get you 20, 30,000 off. We can ask for concessions. 46 00:04:04,400 --> 00:04:08,640 And then rates will come down. So don't let that rate scare you too, too much if you're ready to buy. 47 00:04:08,640 --> 00:04:13,920 It's, it's pretty beneficial now to, to save on the front end, right? If I could save you 48 00:04:13,920 --> 00:04:17,920 40 grand, then a couple hundred bucks a month extra for that, that higher interest rate isn't 49 00:04:17,920 --> 00:04:22,640 too terrible. And we'll just refinance later. So if you're on the fence, if you're ready to buy 50 00:04:22,640 --> 00:04:29,680 renting is still 100% interest as opposed to, you know, 6.5. So give us a call and we'll help 51 00:04:29,680 --> 00:04:35,840 you get educated. Education is the key. What's the best social media space or link for folks to 52 00:04:35,840 --> 00:04:45,120 get more information? Yeah, they can go right to our website for us. It's www.mil.myl-state.com. 53 00:04:45,120 --> 00:04:50,000 It's military real estate network. All of our agents are on there, where we serve are on there, 54 00:04:50,000 --> 00:04:54,400 our mission and our vision and our values are on there. And then we have all the information 55 00:04:54,400 --> 00:05:00,080 on the VNL too. So make it reach out direct and certainly have some conversations with them. 56 00:05:00,720 --> 00:05:05,440 Real estate professional Clint Jordan, thank you so much for joining us today. Enjoy the rest of 57 00:05:05,440 --> 00:05:10,080 your day. You do the same sir. Thank you for your service too. You got it. Thank you.