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

VA Loans-VA Home Loan Land-Lotus CA

VA Loans For Purchasing a Home

Myths and also Misconceptions About VA Home Loans

A common misunderstanding with the VA loan program is that there is a remarkable amount of “red tape” involved with the procedure. Nonetheless, this isn’t the case.|This isn’t really the situation.} The very first step is to establish your eligibility. Sierra View Financial can typically locate your Certificate of Eligibility (COE) online.

Prequalifying for a VA Loan

To start the VA loan procedure, contact us by phone/email/text. One of our VA loan experts will ask fundamental questions regarding your financial history and homebuying objectives to establish if a VA loan is best for your situation. Prequalification assists you as well as lenders establish an instant sense of eligibility and also start building a foundation for the next phase, which is loan preapproval.

VA Loan Preapproval

The major difference between prequalification and preapproval is generally the verification of information. Preapproval shows lenders that a borrower is a capable homebuyer. The process requires effort from the borrower as documentation collection and also submission becomes important. As experienced VA lenders we could assist you complete the documents, in addition to prepare and also arrange anything you have to finish the application. You may have the ability to do some or all this procedure online.
You’ll receive a preapproval letter that details anything you must do to officially finish the VA home loan paperwork when we receive your called for records. The conditions in the preapproval letter need to be satisfied in order for you to get to closing day and also into your house.

Real Estate Agents and Your Home Search

It’s time to locate a real estate agent and also look at houses as soon as you have a preapproval letter. Some military buyers could wish to look for veteran-friendly real estate agents that far better associate to military families’ details and recognize the VA loan program thoroughly. We can aid you find a professional real estate agent.

Make an Offer

It’s a thrill for military borrowers to find and also choose their house, however there’s still some job to do. It’s crucial that you work with a real estate agent as well as loan officer who are well-informed concerning VA financing so the agreement is properly drawn up to assist you take benefit of 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 Prior to the loan closes, as your VA lender, we’ll order an independent appraisal of the residence. Along with examining the home’s value, the VA appraisal helps examine whether the home fulfills the VA’s residence condition requirements.

An underwriter after that closely examines the whole VA loan bundle. The underwriter’s task is to verify all the info as well as make certain all documentation is in place. Is missing or does not adhere with VA or lender standards, the underwriter requests just what’s needed to make it. When the underwriter accepts a VA loan, there’s just a few things for the borrower to do: Prepare for your closing day, when you’ll authorize a great deal of last documents as well as get the keys to a brand-new home.



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 Land – Lotus

Share this article

Comments are closed.