The VA Loan Process
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Buying a house is one of the most exciting purchases we make in our lifetime.I will equip your with all available resources and help you prepare to move forward. It is my goal to provide you with a world class experience.
Prequalify
Getting started with AnnieMac Home Mortgage is as simple as filling out my quick and secure online application or by calling me direct at 303.668.3350.
Prequalifying is important because it gives you an estimate of how much home you can afford while laying a foundation for the financing process moving forward. Prequalifying also gives you a competitive advantage in today's challenging real estate market.
Prequalifying is important because it gives you an estimate of how much home you can afford while laying a foundation for the financing process moving forward. Prequalifying also gives you a competitive advantage in today's challenging real estate market.
Complete the Initial Loan Documentation
The next step in your VA Loan financing process is to complete the loan documentation. At this stage, you'll receive a loan package electronically or I will meet with you in person. Click here for further insight on the esigning process.
I will also began to gather documentation from you. Examples of required loan documentation are as follows:
I will also began to gather documentation from you. Examples of required loan documentation are as follows:
- Pay Stubs
- Tax Returns and W2s
- Two Year Employment History
- Bank / Investment Statement
- Evidence of Real Estate Assets
Find a Real Estate Agent and Begin your Home Search
I am committed to providing my clients with a free connection to military friendly real estate agents. These real agents understand the unique needs of military and veteran home buyers and will work tirelessly to ensure you get the most out of your hard earned benefit.
Making an Offer
When you find that perfect home it's time to make an offer and negotiate a contract with the seller. It is important that your real estate agent is aware of the ins and outs of the VA Loan so they can structure the contract in a manner that will assure your down payment requirement is zero.
Once I receive your loan paperwork I will use a copy of your DD-214 to obtain your VA Certificate of Eligibility from the VA. The Certificate of Eligibility details a prospective borrower's entitlement and ability to participate in the VA Loan program. Our work as a dedicated VA lender means we can electronically request the Certificate of Eligibility which saves you time and helps keep the process running smoothly.
Once I receive your loan paperwork I will use a copy of your DD-214 to obtain your VA Certificate of Eligibility from the VA. The Certificate of Eligibility details a prospective borrower's entitlement and ability to participate in the VA Loan program. Our work as a dedicated VA lender means we can electronically request the Certificate of Eligibility which saves you time and helps keep the process running smoothly.
Processing, Underwriting & Closing
Now that you've found a home, it's time for your loan officer to order an appraisal for the property. The VA requires homes to be move-in ready and any problems with the property generally have to be corrected by the seller before a loan closes.
Once you are under contract to purchase a home your loan documentation will go to an experienced underwriter for review. The underwriter will verify financial information and other documents and request additional items as needed. It is the underwriter's job to ensure that everything is accurate and meets VA guidelines. Once the loan is approved, a closing date will be scheduled. At closing, you'll sign paperwork, finalize your VA Loan and take ownership of your new home.
Once you are under contract to purchase a home your loan documentation will go to an experienced underwriter for review. The underwriter will verify financial information and other documents and request additional items as needed. It is the underwriter's job to ensure that everything is accurate and meets VA guidelines. Once the loan is approved, a closing date will be scheduled. At closing, you'll sign paperwork, finalize your VA Loan and take ownership of your new home.
Congratulations!
VA Approved Lender; Not endorsed or sponsored by the Department of Veterans Affairs or any government agency
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