Walt Dobbs - NMLS #269374 - (916) 989-6222 - eMail me

VA Loans-VA Home Loan Interest Ratesbox-Loomis CA

VA Loans For Purchasing a Home

Myths and Misconceptions About VA Home Loans

A typical false impression with the VA loan program is that there is a significant amount of “bureaucracy” involved with the process. Nevertheless, this isn’t the situation.|This isn’t the situation.} The initial step is to establish your eligibility. Sierra View Financial can typically acquire your Certificate of Eligibility (COE) online.

Prequalifying for a VA Loan

To start the VA loan procedure, contact us by phone/email/text. If a VA loan is best for your situation, one of our VA loan specialists will certainly ask standard questions concerning your financial background and homebuying goals to figure out. Prequalification aids you and lenders develop a prompt sense of eligibility and begin building a foundation for the next stage, which is financing preapproval.

VA Loan Preapproval

Preapproval shows lenders that a borrower is a qualified homebuyer. As experienced VA lenders we could aid you finish the documents, as well as prepare and arrange anything you need to finish the application.
You’ll receive a preapproval letter that outlines anything you have to do to formally finish the VA home loan paperwork when we receive your required files. The problems in the preapproval letter should be satisfied in order for you to obtain to closing day and also right into your residence.

Real Estate Agents and Your Home Search

When you have a preapproval letter, it’s time to discover a real estate agent and also look at residences. Some military buyers could want to look for veteran-friendly real estate agents that much better associate with military households’ details as well as understand the VA loan program completely. We could aid you locate a professional real estate agent.

Make an Offer

It’s a thrill for military borrowers to discover and pick their house, yet there’s still some work to do. As soon as you find a house you’ll have to make an offer and also concur on the rate and terms with the seller. Your real estate agent will aid you with the arrangement as well as agreement process. It’s essential that you deal with a real estate agent and loan officer who are experienced concerning VA financing so the contract is appropriately created to assist you capitalize on all your veteran privileges.

VA Loan Closing and Processing

{Before the financing closes, as your VA lender, we’ll order an independent appraisal of the building. Along with assessing the home’s worth, the VA appraisal helps examine whether the residential property meets the VA’s home condition requirements. If there are problems (e.g. water damages, termites, dripping roof), they may have to be addressed before the financing procedure could move forward. Every scenario is various.

An underwriter after that carefully assesses the entire VA loan package. When the underwriter authorizes a VA loan, there’s just a few points for the borrower to do: Prepare for your closing day, when you’ll sign a lot of last documents as well as get the keys to a brand-new house.

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

VA Home Loan Interest Ratesbox – Loomis

Share this article

Comments are closed.