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VA Loans For Purchasing a Home

Myths {and|as well as|and also} Misconceptions About VA Home Loans

{A common|A typical|An usual} {misconception|misunderstanding|mistaken belief|false impression} with the VA loan program is that there is {a tremendous|a remarkable|an incredible|a significant} {amount|quantity} of “{red tape|bureaucracy}” {involved|included|entailed} with the {process|procedure}. {However|Nevertheless|Nonetheless}, this {isn’t|isn’t really} the {case|situation|instance}.|This {isn’t|isn’t really} the {case|situation|instance}.} The {{first|very first|initial} {step|action}|initial step|primary step|very first step} is to establish your eligibility. Sierra View Financial can {typically|generally|usually|almost always} {get|secure|locate|find|acquire} your Certificate of Eligibility (COE) online.

Prequalifying for a VA Loan

To {start|begin} the VA loan {process|procedure}, {contact|call} us by phone/email/text. {One of our VA loan {specialists|experts|professionals} {will|will certainly} ask {basic|fundamental|standard} questions {about|regarding|concerning} your {financial|economic} {history|background} {and|as well as|and also} homebuying {goals|objectives} to {determine|identify|figure out|establish} if a VA loan is best for your {situation|circumstance|scenario}.|If a VA loan is best for your {situation|circumstance|scenario}, one of our VA loan {specialists|experts|professionals} {will|will certainly} ask {basic|fundamental|standard} questions {about|regarding|concerning} your {financial|economic} {history|background} {and|as well as|and also} homebuying {goals|objectives} to {determine|identify|figure out|establish}.} Prequalification {helps|assists|aids} you {and|as well as|and also} lenders {establish|develop} {an immediate|an instant|a prompt} sense of eligibility {and|as well as|and also} {start|begin} {building|developing|constructing} {a foundation|a structure} for the {next|following} {stage|phase}, which is {loan|financing} preapproval.

VA Loan Preapproval

{The {main|primary|major} {difference|distinction} between prequalification {and|as well as|and also} preapproval is {typically|generally|usually|normally|commonly} the verification of {information|info|details}. Preapproval {shows|reveals to} lenders that a borrower is {a capable|a qualified} homebuyer. The {process|procedure} {requires|needs|calls for} {effort|initiative} from the borrower as {paperwork|documents|documentation} collection {and|as well as|and also} {submission|entry} {becomes|ends up being|comes to be} {important|essential|crucial|vital}. As experienced VA lenders we {can|could} {help|assist|aid} you {complete|finish} the {paperwork|documents|documentation}, {as well as|in addition to|along with} {prepare {and|as well as|and also} {organize|arrange}|{organize|arrange} {and|as well as|and also} prepare} anything you {{need|require} to|have to|should} {complete|finish} the application. You {may|might|could} {be able to|have the ability to} do some or {all of|all|every one of} this {process|procedure} online.|Preapproval {shows|reveals} lenders that a borrower is {a capable|a qualified} homebuyer. As experienced VA lenders we {can|could} {help|assist|aid} you {complete|finish} the {paperwork|documents|documentation}, as well as {prepare {and|as well as|and also} {organize|arrange}|{organize|arrange} {and|as well as|and also} prepare} anything you {need|require} to {complete|finish} the application.}
{When we {receive|get|obtain} your {required|needed|called for} {documents|files|papers|records}, you’ll {receive|get|obtain} a preapproval letter that {outlines|describes|details|lays out} anything you {must|should|need to|have to} do to {officially|formally} {finish|complete} the VA {home loan|mortgage|home mortgage} {paperwork|documents|documentation}.|You’ll {receive|get|obtain} a preapproval letter that {outlines|describes|details|lays out} anything you {must|should|need to|have to} do to {officially|formally} {finish|complete} the VA home loan {paperwork|documents|documentation} when we {receive|get|obtain} your {required|needed|called for} {documents|files|papers|records}.} The {conditions|problems} in the preapproval letter {must|should|need to|have to} be {met|satisfied|fulfilled} in order for you {to {get|obtain}|to obtain} to closing day {and|as well as|and also} {into|right into} your {home|house|residence}.

Real Estate Agents and Your Home Search

{{Once|When|As soon as} you have a preapproval letter, it’s time to {find|discover|locate} a real estate agent {and|as well as|and also} {look at|take a look at|check out|consider} {homes|houses|residences}.|It’s time to {find|discover|locate} a real estate agent {and|as well as|and also} look at {homes|houses|residences} {once|when|as soon as} you have a preapproval letter.} Some military {buyers|purchasers|customers} {may|might|could} {{want|desire} to|wish to|intend to} {{seek|look for} out|look for|seek|choose} veteran-friendly real estate {agents|representatives} that {better|much better|far better} {{relate|associate|connect} to|associate with|connect to} military {families|households|family members}’ {particulars|details} {and|as well as|and also} {understand|comprehend|recognize} the VA loan program {thoroughly|completely|extensively}. We {can|could} {help|assist|aid} you {find|discover|locate} {a qualified|a professional} real estate agent.

Make an Offer

{It’s {a thrill|an excitement|an adventure} for military {borrowers|customers|debtors|consumers} to {find|discover|locate} {and|as well as|and also} {select|choose|pick} their {home|house|residence}, {but|however|yet} there’s still some {work|job} to do. {Once|When|As soon as} you {find|discover|locate} {a home|a house|a residence} you’ll {{need|require} to|have to|should} {make {an offer|a deal} {and|as well as|and also} {agree|concur}|{agree|concur} {and|as well as|and also} make {an offer|a deal}} on the {price|cost|rate} {and|as well as|and also} terms with the seller. Your real estate agent {will|will certainly} {help|assist|aid} you with the {negotiation|settlement|arrangement} {and|as well as|and also} {contract|agreement} {process|procedure}. It’s {imperative|essential|important|vital|crucial|necessary|critical} that you {work with|deal with|collaborate with} a real estate agent {and|as well as|and also} loan officer {who|that} are {knowledgeable|well-informed|experienced|educated} {about|regarding|concerning} VA {loans|financing} so the {contract|agreement} is {properly|correctly|appropriately|effectively} {drawn up|prepared|created|formulated} {to {help|assist|aid}|to assist|in order to help} you {take {advantage|benefit} of|benefit from|make the most of|make use of|capitalize on} all your veteran {entitlements|privileges}.|It’s {a thrill|an excitement|an adventure} for military {borrowers|customers|debtors|consumers} to {find|discover|locate} {and|as well as|and also} {select|choose|pick} their {home|house|residence}, {but|however|yet} there’s still some {work|job} to do. It’s {imperative|essential|important|vital|crucial|necessary|critical} that you work with a real estate agent {and|as well as|and also} loan officer {who|that} are {knowledgeable|well-informed|experienced|educated} {about|regarding|concerning} VA {loans|financing} so the {contract|agreement} is {properly|correctly|appropriately|effectively} drawn up to {help|assist|aid} you take {advantage|benefit} of all your veteran {entitlements|privileges}.}

VA Loan Closing and Processing

{{Before|Prior to} the {loan|financing} closes, as your VA lender, we’ll order an independent appraisal of the {property|residence|home|residential property|building}. {Along with|Together with|In addition to} {assessing|evaluating|examining|analyzing} the {{property|residence|home|residential property|building}’s {value|worth}, the VA appraisal {helps|assists|aids} {assess|evaluate|examine|analyze} whether the {property|residence|home|residential property|building} {meets|satisfies|fulfills} the VA’s {property|residence|home|residential property|building} condition {standards|requirements|criteria}. If there are {problems|issues|troubles} (e.g. water {damage|damages}, termites, {leaky|leaking|dripping} {roof|roofing system|roofing|roof covering}), they {may|might|could} {{need|require} to|have to|should} be {addressed|dealt with|attended to|resolved} {before|prior to} the {loan|financing} {process|procedure} {can|could} {{move|removal|relocate} {forward|ahead|onward}|progress|move on}. Every {situation|circumstance|scenario} is {different|various}.|{Before|Prior to} the {loan|financing} closes, as your VA lender, we’ll order an independent appraisal of the {property|residence|home|residential property|building}. Along with {assessing|evaluating|examining|analyzing} the {property|residence|home|residential property|building}’s {value|worth}, the VA appraisal {helps|assists|aids} {assess|evaluate|examine|analyze} whether the {property|residence|home|residential property|building} {meets|satisfies|fulfills} the VA’s {property|residence|home|residential property|building} condition {standards|requirements|criteria}.}

{An underwriter {then|after that} {closely|carefully|very closely} {reviews|evaluates|examines|assesses} the {entire|whole} VA loan {package|bundle|plan}. The underwriter’s {job|task|work} is to {confirm|verify|validate} all the {information|info|details} {and|as well as|and also} {make {sure|certain}|ensure|make certain|see to it} all {documentation|paperwork|documents} {is in|remains in} place. {If anything is missing or does not {conform|adhere|adapt|adjust} with VA or lender {guidelines|standards}, the underwriter requests {what|exactly what|just what}’s {{needed|required} to|had to|should} make it right.|Is missing or does not {conform|adhere|adapt|adjust} with VA or lender {guidelines|standards}, the underwriter requests {what|exactly what|just what}’s {needed|required} to make it.} When the underwriter {approves|authorizes|accepts} a VA loan, there’s {{only|just} {a few|a couple of}|just a few|just a couple of} {things|points} for the borrower to do: Prepare for your closing day, when you’ll {sign|authorize} {{a lot|a great deal|a whole lot} of|a great deal of} {final|last} {paperwork|documents|documentation} {and|as well as|and also} {get|obtain} the keys to {a new|a brand-new} {home|house|residence}.|An underwriter {then|after that} {closely|carefully|very closely} {reviews|evaluates|examines|assesses} the {entire|whole} VA loan package. When the underwriter {approves|authorizes|accepts} a VA loan, there’s {only|just} {a few|a couple of} {things|points} for the borrower to do: Prepare for your closing day, when you’ll {sign|authorize} {a lot|a great deal|a whole lot} of {final|last} {paperwork|documents|documentation} {and|as well as|and also} {get|obtain} the keys to {a new|a brand-new} {home|house|residence}.}



Call a VA Home Loan Specialist at
(916) 989-6222





Start the VA Loan Process

Loan Type Home PurchaseRefinance

Approximate Loan Amount

Credit Rating

Military Branch

Time frame

Call a VA Home Loan Specialist at
(916) 989-6222