5 Steps to a VA Loan
Learn about five basic steps involved in obtaining a VA loan
- Apply for a Certificate of Eligibility
A veteran who doesn’t have a certificate can obtain one easily by completing VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits and submitting it to one of the Eligibility Centers with copies of your most recent discharge or separation papers covering active military duty since September 16, 1940, which show active duty dates and type of discharge.
- Decide on a home to buy and sign a purchase agreement
- Order an appraisal from VA. (Usually this is done by the lender.)
Most VA regional offices offer a “speed up” telephone appraisal system. Call the local VA office for details.
- Apply for a VA loan.
While the appraisal is being done, the lender (mortgage company, savings and loan, bank, etc.) can be gathering credit and income information. If the lender is authorized by VA to do automatic processing, upon receipt of the VA or LAPP appraised value determination, the loan can be approved and closed without waiting for VA’s review of the credit application. For loans that must first be approved by VA, the lender will send the application to the local VA office, which will notify the lender of its decision.
- Close the loan and move in.
What We Do
Thank you for your interest in VA financing from Resource Lenders. We’re a California based mortgage lender with offices in Fresno and Visalia. We offer VA mortgage assistance through the State of California. Give us a call today at (800) 564-4342 for a no obligation consultation.
Below you’ll find links to other pages offering insight into the VA mortgage process…