1. Determine Your Eligibility
To start, confirm your eligibility for a VA loan by obtaining a Certificate of Eligibility (COE). You can get your COE through:
The VA’s eBenefits portal.
Your lender’s assistance.
Submitting VA Form 26-1880 to the VA.
Your COE will verify your entitlement and the maximum amount available to you.
2. Partner with a VA-Savvy Real Estate Professional
Choosing a real estate professional experienced in VA transactions makes all the difference. They can help ensure a smooth process and guide you to homes that meet VA property standards.
3. Get Pre-Approved
Before diving into the home search, work with a VA-approved lender to get pre-approved. Pre-approval shows sellers that you’re a serious buyer and clarifies your budget. Your lender will review your income, credit history, and financial situation to determine your borrowing capacity.
4. Explore Your Options
With pre-approval in hand, it’s time to find your dream home. Your real estate professional can help you identify properties that meet your needs and align with VA loan requirements.
5. Make an Offer
Once you’ve found the perfect home, your agent will help you craft a strong offer. With VA loans, sellers are often open to negotiations due to the program’s reliability and appraisal protections.
6. Complete the VA Appraisal
The VA requires an appraisal to ensure the property’s value aligns with the purchase price and meets minimum property standards. This step protects you and ensures the home is a sound investment.
7. Close the Deal
After the appraisal and underwriting are complete, you’ll move to closing. At this stage, you’ll sign the final documents, pay any remaining closing costs, and receive the keys to your new home. Congratulations—you’re now a homeowner!
Start Your Journey Today
Your VA benefits are a powerful tool to achieve homeownership. Let a knowledgeable real estate professional help you unlock this potential and guide you to your dream home.
Homevets Realty is a real estate company located outside the great place of Fort Cavazos military base and specializes in helping military families buy and sell real estate. Contact us today to get started—we’re honored to serve you as you’ve served our nation!
Comments(2)