Step by Step Guide
Types of Home Loans
- What is a VA Loan?
- What are the VA Loan Limits?
- VA Loan Eligibility
- VA Funding Fee
- Advantages of VA Loans
- VA Loan vs. Conventional and FHA Mortgages
- What are the VA Residual Income Requirements?
- How to Apply for a VA Loan
- VA Loans for Home Purchase
- Types of Properties Eligible for a VA Home Loan?
- VA Loan Refinancing
- Do I need DD214 to know if I am eligible for a VA Loan?
- What are VA Entitlement Codes
- VA Mortgage Purchase Loan Checklist
- VA Funding Fee
- VA Loans Frequently Asked Questions
VA Loans for Home Purchase
10 Steps to Buying Your Home with a VA Loan
- Budget: Figure out what monthly payment you are comfortable with. Use our mortgage calculator or have Lendia figure out how much you can afford
- Call a Lendia VA loan specialist at 949-33-4636 and let us help you get your Certificate of Eligibility
- Find out how much you are approved for (in terms of purchase price and loan amount).
- Have a Lendia VA loan specialist go through the property types you are eligible for with a VA loan
- Contact a Real Estate Agent and start looking for homes in the areas you wish to move into
- Start making offers and present your Lendia Approval Letter with your offers to the sellers so they know you are a serious and VA loan approved buyer
- Once you are under contract we begin processing your VA loan at which point we request documents from you see our VA purchase loan checklist and VA Contract Guidelines
- While you are under contract with the sellers you will get your home inspected and appraised while we work on underwriting your loan
- Once we are done underwriting your VA loan we issue your final loan documents for you to sign
- After you sign we fund your loan (disburse funds) and Title or Escrow records the new grant deed with the county putting the home in your name