When someone thinks of the Puget Sound area, one of the first things that may come to mind is our large military population. With 15 years of experience in the Real Estate industry I have handled a large amount of VA deals for our soldiers at Joint Base Lewis McChord (JBLM), and unfortunately there are many myths about the program that can lead to confusion throughout the loan process. When deciding if a VA loan is right for you, it helps to know the facts. Did you know most VA benefits do not expire? That is just one of many myths that leave many service members perplexed while shopping for a new home.

“VA loans are the most misunderstood mortgage program in America. Industry professionals and consumers often receive incorrect data when they inquire about them. In fact, misconceptions about the government guaranteed home loan program are so prevalent that a recent VA survey found that approximately half of all military veterans do not understand it.”

Read the entire article here: http://www.keepingcurrentmatters.com/2014/02/06/5-things-you-probably-dont-know-about-va-loans/

Pierce County Statistics:

Homes for sale in Spanaway: Median Sold Price January 2014: $203,000. Up 4.1% compared to the last month.

Homes for sale in Tacoma: Median Sold Price January 2014: $156,000. Down 9.3% compared to the last month..

Homes for sale in Lakewood: Median Sold Price January 2014: $200,000. Down 16.7% compared to the last month.

Homes for sale in Fife: Median Sold Price January 2014: $211,000. Down 7% compared to the last month.

Homes for sale in Milton: Median Sold Price January 2014: $155,000. Down 38.7% compared to the last month.

Homes for sale in Edgewood: Median Sold Price January 2014: $340,000. Down 12.1% compared to the last month.

Homes for sale in University Place: Median Sold Price January 2014: $305,000. Up 16.4% compared to the last month.

Homes for sale in Fircrest: Median Sold Price January 2014: $262,000. Down 0.8% compared to the last month.

Homes for sale in Dupont: Median Sold Price January 2014: $270,000. Up 9.3% compared to the last month.

Homes for sale in Puyallup: Median Sold Price January 2014: $250,000. Up 2.9% compared to the last month.