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