Holbrook, NY VA Loans - Pre-Qualify at The Mortgage Outlet
PreQualify - VA Home Loan here with our simple 2 minute process
Buying a Home in Holbrook, NY is the biggest financial decision you will ever make and it can be a time of great excitement and/or confusion which is why the experts at The Mortgage Outlet are ready to help you navigate the mortgage process. If you are using your VA Loan entitlement for the first time, you may be wondering how the process will go.
Does it take longer then a conventional home loan?
Are there extra hoops that i might have to jump through?
Will I close on Time?
What testimonials do they Have?
Lets us show you exactly what you can expect during your VA Home Loan process in Holbrook, NY.
VA Home Loan Prequalification in Holbrook, NY.
The first set is getting your self pre-qualifed, which you can do through The Mortgage Outlet in Holbrook, NY. Pre-qualification helps you understand how much of a home you can afford and you will find out right away whether or not a VA home loan is right for you. Lets see how low of a mortgage rate we can get you here.
Getting a Pre-approval for a VA Home Loan in Holbrook, NY
Next you will begin the Pre-approval process. We have simplified this process by having email you our mini app or you can call us at 631 589 3600 so we can take the info over the phone. Once this information is collected we will be able to forward your pre-approval letter that you can show Real Estate agents in Holbrook, NY and the home seller that you are able to finance the purchase.
The documents needed can be found on our VA Mortgage Check List
Searching for your VA Qualified Home loan in Holbrook, NY
The next step in this most exciting process is you now know what price range of home you can start looking in. It is a good idea to look for a military-friendly real estate agent who has the knowledge of the VA home loan process and knows the unique requirements of these types of loans work.
Once you have found the home you want to buy you will work with that agent to help negotiate the purchase price which will lead to a contract of sale with the VA option Clause. Here is where an experience agent can help you by making sure that the seller allows you to retain your ability to put no money down, it that is what you situation requires.
Apply for your VA home Loan in Holbrook, NY
Now it is time for your complete mortgage application process to start. The Loan Offices at The Mortgage Outlet will need your Certificate of Eligibility (COE), which verifies the you meet the eligibility requirement for a VA mortgage. We will be able to use a copy of your DD-214 to obtain this certificate for you.
The Mortgage Outlet will order an appraisal for the home in Holbrook, NY you want to buy. This appraisal is very important, as the VA requires the home be in move-in-ready condition and that any potential problems be corrected by the seller before the loan closes. This appraisal is not a the home inspection you order prior to contract signing it help us comfirm the market value of the home you are buying.
Now your loan will go into underwriting for review, where all the information and documents you gave us will be reviewed. Now you will be issued your loan approval which will state any additional items needed to clear your file for closing. Once this process is completed we are able to set a closing date, when you will sign paperwork and finalize your VA guaranteed home loan in Holbrook, NY.
NOW YOU GET THE KEYS!
Pre-Qualify - VA Home Loan Start the 2 minute process
Other Resources
VA Mortgages vs Conventional Mortgages
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