About VA Purchases
The Loan Process
The VA Purchase process can be a very simple and quick. In getting started you want to remember one thing: documentation. Having all the documentation that you need can help speed things up in as little as 1-2 weeks.
The following is a list of some of the documents you may need when completing a VA Purchase program:
- A copy of your driver’s license, or government issued photo I.D.
- A copy of your W2’s for the past 2 years or complete tax returns if self employed
- Your two most recent pay stubs, showing your current year-to-date gross income.
- A copy of your DD-214 or Statement of Service if active military
- Awards letters showing any disability, pension, or Social Security monies you are receiving
As a Veteran, you are entitled to use your VA benefits to obtain a VA Home Loan and allow you to purchase your primary residence with 100% financing. This means all you would pay for at closing is the closing costs on the loan. It is possible, however, to purchase your home with little or no money out of pocket using seller concessions. VA loans do NOT have mortgage insurance.
When purchasing a home with a VA loan, the first thing you should do is find as much of the fore-mentioned paperwork as possible. Other things involved are simple and easy, you require a certificate of eligibility and we get an appraiser assigned by the VA. Below are the steps to take.
Obtain a certificate of eligibility (COE).
As a veteran you may obtain your COE by completing VA Form 26-1880 (provided by us), and sending it back to us along with proof of military service.
Find and select a home for purchase.
With your real estate agent’s assistance, you may choose to sign a purchase contract conditioned on the approval of your VA home loan. We can provide you with a pre-approval letter that will make this process easier, but we will need all of your information first in order to obtain this.
Provide us with the completed loan application.
We will compile all credit and income information to determine approval; also we can order a VA Appraisal.
After the appraisal is completed.
We will compile all information and send to the lender, they will then determine if the loan is approved. The lender will take into account the credit and income information, as well as the appraised value of the property and other factors to make a decision.
Final approval and Closing
We will contact you to set up a closing time and once the paperwork is signed the house is yours!
…QuickVaLoans.com is the consummate professional; they answered all of my questions right away leaving me with a sense of security. They have an extremely positive attitude, displays great integrity and are very knowledgeable… – Jay Sutton, Memphis TN
Cash Out Refinance
If you need money to consolidate high interest credit cards, home improvement projects, pay medical bills, cover college tuition, or would just like to pocket some extra change, we have a solution that will work you.
QuickVALoans will pay off your current mortgage with the proceeds of your new VA mortgage.
Frequently Asked Questions
- How do I know if I qualify for a VA Loan?
- Why would I want a VA loan?
- Can I purchase with $0 money down?
- Can I lower my monthly payment?
- Is a VA more lenient on a qualification?
Would you like to speak with a VA Loan Specialist who can help guide you through the loan process? We have specialists standing by to assist you in making this a quick and easy process.Call 1-650-492-3800