World Property Journal Loves Coeur d’Alene

What’s Not to Love?

Most of us who live in the Coeur d’Alene area realize it’s a beautiful place to live but it’s always nice to see when other people concur…especially when those other people have a mighty pen.

The folks over at the World Property Journal have fallen head-over-heals in love with Coeur d’Alene.

world property journal

Take a look their ?Best Of lists that rank Coeur d’Alene and Coeur d’Alene Resort among the top destinations in the world.

Top 5 Valentine’s Day Getaways in America Revealed – CdA Resort Ranks #2

Go here for the full list:?http://www.worldpropertyjournal.com/featured-columnists/great-destinations/best-valentines-day-vacation-destinations-2017-valentines-day-vacation-spots-fox-hill-bed-breakfast-suites-chamberlin-inn-devils-thumb-ranch-resort-spa-coeur-dalene-resort-buckhorn-inn-10254.php

Top 5 Foliage Drives in America Revealed

Lake Coeur d’Alene Scenic Byway Ranks # 1

Go here for the full list:

http://www.worldpropertyjournal.com/featured-columnists/great-destinations/ace-adventure-resort-enchanted-circle-best-change-of-foliage-places-coeur-dalene-scenic-byway-best-fall-road-trips-steve-winston-travel-column-9385.php

Top 10 Hotels in America

CdA Resort ranks #4 on his list

Go here for the full list:

http://www.worldpropertyjournal.com/featured-columnists/great-destinations/best-hotels-in-america-the-broadmoor-coeur-dalene-resort-the-hotel-roanoke-hangar-hotel-beverly-hills-hotel-8935.php

My Top 10 Authentic Small Towns In America

Coeur d’Alene ranks #5 on this list

Go here for the full list:

http://www.worldpropertyjournal.com/featured-columnists/great-destinations/top-10-authentic-cities-woodstock-norman-rockwell-coeur-dalene-best-small-towns-in-america-grand-lake-cody-wyoming-steve-winston-great-destinations-column-travel-guides-8664.php

Top 10 Best Cities to Retire in the U.S. Revealed

Coeur d’Alene ranks # 10 on this list

Go here for the full list:

http://www.worldpropertyjournal.com/real-estate-news/united-states/best-places-to-retire-best-cities-to-retire-in-liviablitycom-matt-carmichael-best-places-to-retire-2014-baby-boomer-retirement-communities-8645.php

Top 10 Exotic Golf Courses of the World

Coeur d’Alene Golf Resort ranks # 3 on this list.

Go here for the full list:

http://www.worldpropertyjournal.com/featured-columnists/great-destinations/top-rated-golf-courses-exotic-golf-courses-cabo-del-sol-golf-course-kauri-cliffs-oitavos-dunes-punta-espada-golf-course-bahia-beach-golf-club-8356.php

Top 10 Mountain Towns in America

Coeur d’Alene ranks # 1 on this list.

Go here for the full list:

http://www.worldpropertyjournal.com/featured-columnists/great-destinations/top-10-mountain-towns-in-america-8118.php

 

Whew! That’s a lotta love. Thanks WPJ for the recognition 😉

 

  1. Do VA loans require a down payment?

No! One of the biggest benefits of a VA loan is that no down payment is required for eligible buyers.

  1. Do VA loans require private mortgage insurance (PMI)?

No, VA loans do not require PMI, which can save you hundreds of dollars per month compared to conventional loans.

  1. What is the VA funding fee, and do I have to pay it?

The VA funding fee is a one-time fee that helps sustain the VA loan program.

  • First-time use: 2.15% of the loan amount (if putting 0% down).
  • Subsequent use: 3.3%.
  • Exemptions: If you have a service-connected disability, you may qualify for a waiver.
  1. What credit score and debt-to-income (DTI) ratio do I need?

There’s no official VA credit score requirement, but check with your lender. 

  • DTI ratio should generally be 41% or lower, but exceptions exist for strong borrowers.
  1. Can I use a VA loan to buy a vacation home or rental property?

No, VA loans are only for primary residences. You must live in the home you purchase.

  1. Does the home need to meet specific requirements?

Yes, VA loans have Minimum Property Requirements (MPRs) to ensure the home is safe, sound, and sanitary.

  • Common issues: peeling paint, broken windows, roof damage, or exposed wiring could cause delays.
  1. What’s the difference between a VA appraisal and a home inspection?
  • VA appraisal: Required to determine value and basic safety.
  • Home inspection: Optional but recommended to check for hidden issues.
  1. Can the seller pay my closing costs?

Yes! Sellers can contribute up to 4% of the loan amount toward your closing costs and concessions, which can help cover expenses like property taxes or discount points.

  1. Can I transfer my VA loan to someone else?

Yes! VA loans are assumable, meaning another qualified buyer can take over your loan’s terms—this can be a huge advantage if interest rates rise.

  1. Can I use my VA loan benefit more than once?

Yes! Your VA entitlement can be restored if you pay off or transfer your previous VA loan, allowing you to use the benefit again.

 

Thank you to Jaclyn Scotch for sharing her insights and expertise on VA Home Loans. Here is her contact info:

Jaclyn Scotch

Home Loan Officer

Location: Coeur d’Alene

Cell: (208) 215-1814

If you have questions about navigating today’s market or need a recommendation, reach out! I’m here to help you make smart, confident moves.

Michelle Rene

Real Estate Associate Broker, REALTOR

Cell: (208) 699-5350