How Do VA Loans Work Purchasing a home is probably the biggest financial decision you’ll ever have to make. If you’re a veteran, you can apply for a VA loan to buy an existing home, construct your own house or purchase a condominium or townhouse. What’s more, VA loans can also be used for making home improvements [.]
Work with the lender to complete a loan application and gather the needed documents, such as pay stubs and bank statements. Loan Processing. The lender orders a VA appraisal and begins to "process" all the credit and income information. (Note: VA’s appraisal is not a home inspection or a guaranty of value.
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The VA loan is a $0 down mortgage option available to Veterans, Service Members and select military spouses.VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA).
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VA Construction Loan Building a custom home is the dream of many Veterans, however many Veterans are wrongly informed that lenders do not offer a VA construction option. Our Loan Originators are experts in helping Veterans achieve their dreams of being a home owner and are now offering our borrowers the option to build a home with as little as.
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