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The VA guaranteed home loan program has
provided home loans for veterans and active
duty service members for over 70 years.
This program offers a number of advantages
for military members and has desirable
features for lenders, as well.
The application process for a VA guaranteed
loan is different than that required for a
conventional mortgage loan.
A local VA loan specialist can help to
facilitate the application process so that you
can enjoy your new home sooner.
· The applicant must be eligible for a VA home
loan. Eligibility is determined by length of service,
discharge status and credit record.
· A Certificate of Eligibility is required. This
document uses specific forms, such as the DD
Form 214, NGB Form 22, NGB Form 23 or VA
Form 26-1817, depending on circumstance.
Your VA loan specialist will have more
information on the necessary documents.
· You must provide a good credit record.
However, applicants who had financial
problems in the past may still qualify for a VA
guaranteed loan after a period of time has
passed.
· You must agree to live in the home as your
primary residence. VA guaranteed home loans
cannot be used to purchase second homes or
rental properties.
However, a large number of local banks, national
banks and regional lending institutions have
fulfilled the requirements of the program and can
provide help to assist you through the application
process.
These lenders can provide specific information
on applying for a VA loan, information on loan
amounts, appraisal requirements and other
items.
They can also pre-approve you for a home loan
before you begin looking for a home so that you
know what price range is within your budget.
· A VA home loan specialist has the
knowledge and experience to facilitate the
application process, avoiding delays.
· A VA home loan specialist can answer all
your questions about documentation,
financial requirements and time frames.
· A VA home loan specialist can provide
information about interest rates, terms of the loan
and costs that can be rolled into the loan amount.
· A VA home loan specialist knows the details
of the loan program that can help applicants
acquire the loan.
The advantages of the VA guaranteed loan
program make it a good option when
considering a home loan.
An experienced VA loan specialist can help to
make the application process faster and easier
so that you can begin enjoying your new home
purchase as soon as possible.
He served in the United States Marine Corps, and now
devotes himself to the Veteran home buyer in the
Phoenix area, fulfilling a passion of his while at the same
time helping others achieve home ownership.
For more details call 480-351-5904 or
visit the site:
www.valoansforvets.com
VA Loans for Vets
7702 E. Doubletree Ranch Road, Suite
220
Scottsdale, AZ 85258
Phone: (480) 351-5904
Email: [email protected]