4 Helpful hints to get a VA Loan

By
Mortgage and Lending with Leader One Financial 164545
https://activerain.com/droplet/4CXw

If you're a veteran or active duty military member you should be interested in 4 Helpful hints to get a VA Loan.

The VA Home Loan is the best option for servicemen and women to get a house, if you already know the greatness of this amazing loan program, then you can click here to apply for preapproval, if not then feel free to read on and find out more about how awesome this program is for our military men and women. Now let's move on to those 4 Helpful hints to get a VA Loan:4 Helpful hints to get a VA Loan

#1 - Find out if you're eligible.

Darren Copeland, a VA Loan expert from Midwest VA Loans tells us that it's possible for all active duty military members to apply for a VA Loan. You are eligible if you have served for 6 m onths or if you're in the military reserve then you can qualify after 6 years (unless of course you've been deployed).

#2 - Get your COE or DD214.

COE is a military abbreviation for Certificate of Eligibility, it shows that you are able to recieve your VA Loan benefit.  The DD214 is essentially the same documentaton for veterans of the armed forces.  If you have a copy of either of these documents that is great, if not then we can help you get a copy of this when you start the loan process with us.

#3 - Stay Home!

This may be the most obvious of the 4 Helpful hints to get a VA Loan, but we don't want to assume. If you're using your VA Home Loan to purchase a home, it must be your primary residence, while you can use your eligibility more than once, you can't use it to purchase a second home.  So plan on living in the house you're using your VA Loan Eligibility to purchase.

#4 - Plan on all the other Mortgage stuff too.

Just because you're getting a va loan with no down payment, and no mortgage insurance, (which is great!) you will need to qualify based on your income, your credit score and your debt-to-income ratio (AKA income vs. expenditures).  There are minimum credit qualifications that you'll have to meet usually around 640 (as reported by the 3 major credit corporations.)

 

If you need ANY help with getting a VA Loan or you just have questions about the VA Home Loan program please call us 816-268-4025 or visit us on the web at Midwest VA Loan or consider our Lee's Summit/Kansas City specific site KC Loan Tips.  If you follow these 4 Helpful hints to get a VA Loan you'll be smooth sailing in the mortgage process.

 

Posted by

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

KC Loan Tips & Midwest VA Loans

 

KC Loan Tips FanpageKC Loan Tips YouTube Channel  Leader One Financial's Google+  KC Loan Tips Twitter   Darren Copeland Linkedin   

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
kansas city
veterans
missouri
coe
lees summit
active duty
mo
va home loan
dd214
va loan eligibility
4 helpful hints to get a va loan

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
258,546

Darren Copeland

Darren Copeland
Get Started Today!
*
*
*
*
Spam prevention

Additional Information