Get step-by-step instructions for buying a home through the VA home loan program. You’ll need a VA-backed purchase loan You’ll go through a private lender, like a bank or mortgage company, to get this loan. We’ll guarantee part of the loan against loss, which will allow your lender to give you better loan terms, like the
option to pay no down payment. Buying a home is a complex process, and getting a VA-backed loan is only one piece of the puzzle. Stay on track by following the steps below. Steps to starting the process and finding a home
Steps to buying your homeOnce you’ve found the house you want to buy:
What if I need help or more information?How long are pre approvals good for?The lender will then use these documents to determine exactly how much you can be preapproved to borrow. Once you're preapproved, you'll have 90 days to find a home you love.
What does it mean to be pre approved for a VA loan?In a Prequalified Approval, we pull your credit to get a look at your median FICO® Score and any outstanding debts. We also ask for verbal or written estimates of income and any assets you want to use to qualify for the mortgage.
Does VA loan have an expiration date?Does a veteran's home loan entitlement expire? No. Home loan entitlement is generally good until used. However, the eligibility of service personnel is only available so long as they remain on active duty.
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