How to Pre-qualify for a VA Home Loan
You will find it easier and hassle free when purchasing new home that you first get pre-qualified for your VA Home Loan. When choosing your lender, it’s important that you work direct with a bank as they are the final decision makers and the pre-approval will hold more clout. As a buyer then, you will have the reassurance knowing what VA Loan amount you’re approved for and thus, what size home you can look for. Sellers will know then that you are serious about buying a home and not just looking around. Pre-qualifying for a VA loan is extremely easy and your VA Loan Specialist will be there throughout the process to make sure of it.
5 Steps to Save Thousands in Origination Fees
- Fill out our 30-second Express VA Request Form to the right
- Speak to a Qualified VA Specialist and get Pre-Approved for a VA Home Loan in minutes
- Lock in the Lowest VA Rates in the country With NO Origination Fees Guaranteed
- Provide the necessary paperwork to the Bank to process and approved your loan
- Close on your VA Loan and Enjoy your New Home
Save Money with Zero Down VA Home Loan
VA makes it easier for veterans and active military to purchase a home with no down payment and lower credit score requirements. These are great features for new home buyers, especially ones that may not have the minimum down payment required by FHA or Fannie Mae. This allows you to use that money for more important purposes, such as decorating, furnishing, or even paying down other debt, thus making your new house payment easier to manage.
Money Back when you Close a VA Loan
Because VA will allow the seller to pay up to and in certain cases, over 4% of the purchase price of the home you are buying, any money you put into the transaction can be fully refunded back to you at close (i.e. earnest money deposit, appraisal and credit report deposits, etc.).
No Private Mortgage Insurance(PMI)
There is NO Mortgage Insurance required on any VA home loan. So you can qualify for a higher priced home that you might not have by paying unnecessary PMI to your lender.
Maximize your Purchase Power with a Jumbo VA Loan
Most VA lenders are limited to a loan amount of $484,350. However, VAloanlending.com can get you connected with a VA lender that services your area and offers 100% Jumbo VA loans up to all VA county loan limits. If you have a down payment, you can borrow well above the county loan limits and really get the home of your dreams.