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VA Loans-VA Loan Amount Calculator-Lotus CA

VA Loans For Purchasing a Home

Myths and Misconceptions About VA Home Loans

An usual mistaken belief with the VA loan program is that there is a tremendous amount of “bureaucracy” entailed with the process. However, this isn’t really the case.|This isn’t the case.} The primary step is to establish your eligibility. Sierra View Financial can almost always get 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 circumstance, one of our VA loan specialists will ask fundamental questions concerning your financial history as well as homebuying objectives to identify. Prequalification assists you and lenders develop an immediate sense of eligibility and begin developing a structure for the following phase, which is loan 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 complete the application.
When we obtain your called for files, you’ll obtain a preapproval letter that describes anything you have to do to officially finish the VA home mortgage documentation. The conditions in the preapproval letter have to be met in order for you to obtain to closing day and right into your home.

Real Estate Agents and Your Home Search

When you have a preapproval letter, it’s time to locate a real estate agent and also consider homes. Some military purchasers may intend to look for veteran-friendly real estate agents that much better connect to military households’ details and understand the VA loan program extensively. We can assist you find a professional real estate agent.

Make an Offer

It’s an excitement for military debtors to discover and select their residence, yet there’s still some work to do. When you locate a home you’ll should make an offer as well as concur on the rate and also terms with the seller. Your real estate agent will help you with the negotiation and agreement procedure. It’s important that you work with a real estate agent as well as loan officer who are well-informed concerning VA financing so the agreement is correctly prepared to assist you take advantage 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 property. In addition to assessing the property’s value, the VA appraisal assists examine whether the residential property fulfills the VA’s property condition criteria. If there are issues (e.g. water damage, termites, leaky roof covering), they could should be dealt with before the loan process could move onward. Every circumstance is various.

An underwriter after that closely assesses the entire VA loan package. 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 sign a lot of final documentation as well as obtain the keys to a new house.



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





Start the VA Loan Process

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

VA Loan Amount Calculator – Lotus

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