VA Home Loan
Option available for only current or former United States Veterans. VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).
Minimum Down Payment
Minimum Credit Score
No Downpayment Required No Monthly PMI
Whether you are an active or retired Veteran, you are qualified for a VA Loan established by the US Department of Veteran Affairs. However, there are still service requirements and credit/income requirements to meet although you’re a veteran. You must have served at least 181 days of continuous active duty. If served less, you may still be eligible if discharged for a service-related disability.
Once you have chosen a lender to work with, you can begin your mortgage process with the pre-approval portion. Initially, your lender will need specific information and paperwork from you, see our step-by-step home buying guide here.
After you have been pre-approved for a mortgage loan, you can start the home searching process. This is where a Realtor can assist you in analyzing and critiquing homes based off your finances and personal needs.
At this time, you and your lender have completed the mortgage loan application and it has been passed onto the Mortgage Processor. They will review the package submitted by your loan officer.
Once your mortgage loan is approved, all files are transferred to the closing department, meaning, you’re almost in the clear! The closing department contacts the broker and closing attorney of the approval and reviews the broker and closing fees. Finally, the closing attorney schedules a time for the borrower to sign the loan documentation.
Finally, after 21-30 days of reviewing financial paperwork and participating in crucial phone calls, comes to an end – it’s your move in day! Take initiative and recruit friends and family to help with the heavy lifting and moving. If you can’t persuade them, consider hiring a professional moving service to help you with transporting, lifting and placing all your belongings in the right place.