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Benefits of VA Loan Pre-Approval
By taking the necessary steps to obtain pre-approval or pre-qualification from your VA home loan lender, you can help speed up the often slow and time-consuming home loan process. Pre-approval will reassure you that you have already been approved for your loan before you begin searching for a home. Additionally, the pre-approval process will let you know how much you're eligible for so that you will be able to shop for homes within the appropriate price range.
Becoming pre-approved is an advantage to you, the borrower, by saving you time from shopping for property that is out of your price range or finding a home and later learning that you did not receive approval for a loan. Additionally, your pre-approval is also a great benefit to home sellers. Home sellers will appreciate knowing that your pre-approval means you are a serious buyer and are capable of purchasing the home they are selling.
To get pre-approved, start here and be on your way to a VA home loan.
Back to the Veterans' Loan Handbook Table of Contents.
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