Buying a home is a symbol of achievement, particularly for military homebuyers. More than just a wise financial investment, your home is also an investment in family and in the future.
At Veterans United Home Loans, we focus on helping Veterans and active duty servicemembers use their hard-earned VA home loan benefit. That focus has allowed us to build a process tailored to the needs of the military homebuyer.
Getting started at Veterans United is easy. Request a call and one of our licensed Loan Specialists will reach out to discuss your unique homebuying objectives. Self-starters or deployed military personnel can opt to fill out a prequalification online instead. Just ask your Loan Specialist for a link to your unique application.
Preapproval is an essential step for any homebuyer. A preapproval letter lets your real estate agent and home sellers know that you’re a serious buyer, and that your credit and income likely qualify you for a home loan.
As you work toward preapproval, expect to answer questions and provide verification regarding your income and employment. Your loan team will also work to obtain your certificate of eligibility from the Department of Veterans Affairs.
If you’re concerned about your credit scores, we’ll connect you with our complimentary Lighthouse Program and a dedicated consultant will identify the best way to boost your scores.
Receiving your preapproval letter is an exciting step, but there's a little more work to do. Your VA Loan specialist will identify a list of conditions that must be satisfied in order to finalize your VA Loan paperwork. All of the conditions listed in the letter are important and your financing can fall apart if any of them aren't met.Examples of documents required in your preapproval process
In competitive real estate markets, it’s essential to act fast when you find a home you like. At Veterans United, we’ve streamlined a convenient online process that allows you to review and sign your loan disclosures electronically and instantly upload verification documents directly to your secure account at MyVeteransUnited.
With your preapproval letter in hand, a real estate agent can help you start the home search.
It's important that your real estate agent knows the ins and outs of the VA Loan so they can structure help you get the most out of your VA homebuying benefit.
Veterans United Realty helps connect you to military-friendly real estate agents in your area. These real estate agents understand the unique needs of military and veteran homebuyers. As an added bonus, you may be eligible for cash back after closing just for using a Veterans United Realty agent.
When you find the perfect home, it's time to submit an offer along with a copy of your preapproval letter. With 24/7 access to your account at MyVeteransUnited, generating preapproval letters is easy—even on the go.
Your Loan Officer will work alongside your real estate agent to negotiate contract terms that work for you. In addition to the VA home loan’s $0 down option, many military buyers ask for the sellers to cover some or all of their closing costs.
Once you're under contract to purchase a home, you’ll work with your loan team to finalize your financing. This stage of the approval process is two-fold: we’ll need to verify your ability to make steady mortgage payments and that your new home meets the VA’s property requirements.
It is the underwriter's job to ensure that everything in your loan file is accurate and meets VA guidelines. Once the loan is approved, a closing date will be scheduled. At closing, you'll sign paperwork, finalize your VA Loan and take ownership of your new home.