Kansas City VA Loans

Mortgage and Lending with Leader One Financial 164545

For more than 10 years, we now have been specializing in Kansas City VA Loans! This article will teach you methods to qualify for a va mortgage and get you ready to buy a new house - the first step with us is to get pre-approved; click here to get pre-approved. or give us a call at (816)268-4025.

First, it's worthwhile to verify eligibility by way of your Certificate of eligibility (COE).

 Acquiring a VA mortgage is easy. Step one is to confirm your eligibility. You should order your Certificate of Eligibility (COE) via the VA which will also confirm the amount of your eligibility. If you had been honorably discharged, or are currently active-duty or reserves for at least 6 years, then you are eligible.

 How do you order your COE? Your lender may help you get your COE quick, often the same day you request it. It may also be ordered by the VA either by mail or online. You'll need a replica of your DD214 if you're an honorably discharged Vet.

 Second, obtain pre-approval with a Kansas City VA Loans specialist.

Next, you need to apply for the VA loan. The application will take 20-30 minutes along with your VA lender either over the telephone or in person. The application may have such info as Revenue data, employment history, earnings data, address history including property, and questions such as whether or not or not you've had a bankruptcy or foreclosure. Online Preapproval

Your lender may also request some supporting documentation at this level to confirm the knowledge on the application. Be prepared to offer your most recent 2 months financial institution statements, past 2 years W2s and tax returns, and your most recent 30 days paystubs.

Third, we will do a credit check.

 You'll endure a credit score verify as a part of the application. Kansas City VA Loans are lenient, but you should have at the very least first rate credit score with a purpose to qualify for a VA loan. Derogatory federal debt equivalent to student loans or taxes is unacceptable. A previous bankruptcydoesn't necessarily disqualify you, however you have to wait for two years after the discharge date before applying. Foreclosures guidelines are the identical; you must wait for 2 years after the sheriff sale date (date the financial institution sold the house to a new owner).

 Fourth, we'll place the mortgage under contract and submit the file to underwriting.

Once you are under contract, or within the case of a VA refinance, are determined to be certified for the mortgage, the subsequent step is that your file might be submitted to underwriting for the official approval. This is the step where an underwriter does evaluations of your file and determines that you're accepted and can obtain the funding. If your VA mortgage officer did their job properly, you should not have a problem in underwriting.

 Fifth,  We are going to close your VA Loan.

 The final step is to close on your VA loan! At this level in the process you will receive a settlement statement which is able to break down all of the charges and in addition all the credit, and give you a abstract of the bottom line due at closing. There isn't any down fee requirement for VA loans.  However, do not forget there are VA closing costs concerned in each transaction. So bottom line, do not confuse no down payment with that means nothing is due at closing!  You have to be ready upfront for this by your lender, and may know moving into to your transaction how a lot shall be due at closing. There are methods to finance the closing costs if you can't come up with the funds, and your lender can assist you with these options.

 We concentrate on Kansas City VA Loans and could be completely satisfied to answer any questions you have. We would be honored that can assist you!

For more information call Darren Copeland, Darren is a Senior Mortgage Banker at (816)268-4025 or visit Midwest VA Loans and we'll get your VA loan closed on your new house!

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Darren Copeland | Home Loans | Lee's Summit MODarren Copeland, Vice President LeaderOne Financial

4967-B NE Goodview Circle, Lees Summit, MO 64064

(816) 268-4025

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