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Home
Applications
Full Application
Quick Application
Calculators
What Will My Payment Be
How Much Can I Afford
Income to Qualify
How Much Will My Principal Be
Interest Only Calculator
Should I Buy or Rent
Should I Pay Extra Each Month
Should I Refinance
Our Company
Loan Professionals
Jennifer Rogers
Tom Pailer
Glen Davis
Dan Parsons
Stan Bewen
Melissa Carpenter
Karin Kingsley
Chris Jarvis
Locations
Colorado
New Mexico
Texas
Contact Us
Testimonials
Market News
Market Commentary
Economic Calendar
Economic Terminology
Mortgage Library
Application
Total Mortgage Payment
Choosing a Mortgage Company
Your Initial Meeting
After Completing the Application
Two Key Factors in Qualifying
Speed Up the Mortgage Process
Mortgage Terminology
Escrow Account Basics
Real Estate Transaction Forms
Bankruptcy
About the Bankruptcy Process
Alternative to Filing Bankruptcy
Bankruptcy and Bill Collectors
Bankruptcy and My Bills
Bankruptcy Questions & Answers
Chapter 7 Bankruptcy
How to Avoid Foreclosure
Your House and Car
Your Property and Assets
Down Payment
Down Payments & Mortgage Ins
Down Payment Loans and Gifts
Down Payment Assistance Grant
Low Down Payment Loan
Down Payment Assistance
State Housing & Fin Authorities
FHA Loans
FHA Single Family Mortgage Ins
FHA Mortgage Insurance Costs
FHA Down Payment Gifts
FHA Mortgage Closing Costs
FHA Streamline Refi Mortgages
FHA Single Family Rehab
FHA Single Family Rural Mtg Ins
FHA Energy Efficient Mortgage
More FHA Info
Insurance
Homeowners Insurance Info
12 Ways to Save Money on Ins
PMI Cancellation
PMI vs. FHA Mortgage Insurance
Private Mortgage Insurance
PMI Payment Options
Title Insurance
Title Insurance Protection
Issuance of Title Ins Policy
Title Insurance FAQ
Flood Insurance
Interest Rates
Factors That Affect Your Mtg Rate
Annual Percentage Rate (APR)
Lock In Your Interest Rate
Closing Costs Explained
Should I Pay Points
Mortgage Calculations by Hand
Loan Programs
Choosing a Loan Program
Conventional_Loans
Fixed Rate Mortgages
Introductory Rate ARMs
Interest Only Loans
Reverse Mortgages
More About Loan Progam
Refinance
Build Home Equity Faster
Get Your Hands on Some Cash
Trade Your ARM for a Fixed Rate
Mortgage Refinance Costs
Analyze Your Savings
Paying Points for a Lower Rate
Deciding to Refinance
Refinance Considerations
VA Loans
5 steps to a VA loan
Who is eligible for a VA loan
VA loan Eligibility
Financing Benefits
VA Loan Purposes
Obtaining a VA Loan
VA Loan Costs
More VA Info
More Information
Today's Rates
Search Rates
Annual Percentage Rate (APR)
Lock In Your Interest Rate
Closing Costs Explained
Should I Pay Points?
Search
5 Steps to a VA Loan
The lender must ensure the loan applicant is an eligible veteran by receiving a Certificate of Eligibility (COE). The veteran can apply for a Certificate of Eligibility from VA in one of three ways:
Online at
http://www.benefits.va.gov/homeloans/purchaseco_eligibility.asp
, or
Through the lender, or
By mail using VA Form 26-1880, also available online at
http://www.vba.va.gov/pubs/forms/VBA-26-1880-ARE.pdf
.
Determine the price range of the home you can afford, either by working with your lender or real estate agent.
Once you have determined how much you can afford to spend on a home, your real estate agent will work with you to find the home you want and guide you through the process of submitting an offer to the sellers right up through signing the Purchase Agreement. In some regions it may be appropriate to contact an attorney specializing in real estate transactions.
Take your COE and the signed Purchase Agreement to your lender who will then begin processing your loan. The process includes completing the loan application, providing you with a Good Faith Estimate, Truth in Lending statement and other legal disclosures, ordering the appraisal and other income and asset verification's required by VA to establish the eligible veteran meets credit and income standards to qualify for a VA-guaranteed loan, and other certifications and documentation required by VA and the lender to establish the property meets VA’s requirements for reasonable value.
Once VA and the lender have approved the loan you can close the loan and move in your new home.
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