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Why get a VA Loan? With a VA Loan, you can get a loan with no down payment, a fixed interest rate that is as good as, or better than conventional mortgage rates, and much more. Complete the form below to find out if you qualify, and for how much.
You will have more freedom and control when you purchase a new home if you are pre-qualified, or pre-approved, for a VA home loan. The buyer has the reassurance that they have already been approved for up to a certain amount for a home loan, and the seller knows that the buyer means business and is serious about buying a home. Pre-qualifying for a loan is not a difficult process, and it will provide you with a price range when shopping for a home.
There are some things you need to do to be pre-approved for a VA home loan:- Find an approved lender, like the Veteran Loan Center.
- Determine your eligibility for a VA home loan; a lender can help you to get a certificate of eligibility, which can now be done by the lender in minutes on the computer through the ACE (automatic certificate of eligibility) system
- Give the lender all other pertinent information, like tax returns, income information, a credit report, etc.
After you have given the lender all the information they need, they will be able to tell you for how much you are pre-approved. Once you are pre-approved for up to a certain loan amount, the lender will also give you a pre-approval notice that states you have been approved for a loan for up to a certain amount. You can show this document to sellers when you make an offer on their house. This way they will know that you have genuine interest in purchasing their home.
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