By Jason Vassar Home Loans

Big changes are coming to the home-buying process, especially for Veterans using VA home loans. Recent settlements and updates could make it easier for Veterans to buy homes. Here’s what you need to know.

The NAR Settlement and Its Impact

In March, the National Association of REALTORS® (NAR) settled a class-action lawsuit that will change brokerage fee rules. This means that soon, home buyers might have to pay their own buyer-broker fees. Before, it was common for sellers to cover these fees.

What Does This Mean for Veterans?

For Veterans using VA home loans, these changes could make a big difference. Until now, Veterans couldn’t pay their own buyer-broker fees. This put them at a disadvantage in the market. But starting August 10, 2024, Veterans, active-duty service members, and surviving spouses using VA home loans can pay these fees. This update ensures that Veterans remain
competitive buyers.

Why This Change Matters

The real estate market is adjusting to the new rules, and Veterans need to stay competitive. By allowing Veterans to pay buyer-broker fees, they can make stronger offers on homes. This is a big step in promoting access to homeownership for Veterans.

Jason Vassar Home Loans: Your Trusted Partner

Navigating these changes can be tricky, but you don’t have to do it alone. Jason Vassar Home Loans is here to help Veterans and first-time homebuyers in California. We understand the new guidelines and can guide you through the process to ensure you get the best deal on your home
loan.