The VA Loan and Mortgage Process

The VA Loan and Mortgage Process

What are the basic steps for applying for a receiving a VA loan? This section will walk you through the VA loan process.

Get Eligible for a VA Loan

In order to secure your VA home loan you'll need to produce your lending institution with your Certificate of Eligibility, or COE.  This shows that you've qualified for this military benefit.  See how long you have to be in the military to qualify for a VA loan.

Find a VA Home Loan Lender

Your VA loan lender can help you not only with the paperwork, but with determining whether or not you meet the qualifications:  credit, income and debt ratios.  The maximum you can borrow on a VA loan is determined by county, a full list of VA loan limits is available here.

Choose a Home

Work with your real estate agent to find the right home for you. Once you have, be certain your purchase contract includes a "VA Option Clause".  Your agent and loan lender will help out with this.

VA Loan Processing

Your lending institution will then begin with the VA appraisal and all of your loan documentation, including credit, debt information, employment, etc. 

Closing on Your VA Loan and Home

Once all the paperwork is processed you'll have a title company, lawyer or other representative to handle the closing.  Enjoy your great new home!

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