Why It’s Important to Choose an Approved VA Home Loan Lender
You’ve served your country and now that you’re ready to settle down and build a home, you’re entitled to a VA home loan. There are tons of lenders that offer those loans, it’s always important to choose approved VA home loan lenders if you want to get the most out of your loan and have the best experience possible. This means you’ll need to screen lenders a bit more carefully, but it will be worth it. Here’s why.
You Don’t Have Enough Experience
Even if you’ve bought a house or condo in the past, you may not have the experience needed to navigate the loan application process. You’ll want to work with someone who knows VA loans and understands the way those loan products can benefit you and your family. Even standard lenders who offer those VA loans typically have more experience working with standard mortgages. This puts the burden on you to understand what you need to make sure the loan processes quickly.
Approved VA home loan lenders are up to date on the latest policies and requirements. This means you’ll get through the process more quickly and will always have access to information and answers to your questions when you need them.
They Know the Ins and Outs
Approved VA home loan lenders are familiar with the ins and outs of the loan requirements. This means they’ll be able to explain which documents you need to have to prove you’re eligibility. They’ll also know which types of homes are eligible for the loan and which ones won’t meet the requirements. The less time you have to waste going back and forth between the lender, the faster you’ll be able to get into your dream home.
Approved VA Lenders Know the System
Standard mortgage lenders won’t understand how to use the VA’s online portal or be able to navigate the system to find the necessary information and forms to prove your eligibility. Approved VA home loan lenders do this on a daily basis. Most will be able to get you your Certificate of Eligibility so you can devote more time to your hunt for the perfect house.
They Have an In-Depth Network
Approved VA home loan lenders know which real estate agents in the area are familiar with VA loan requirements. This can make a huge difference in your buying experience and reduces the number of delays you’ll experience at closing. When you partner with an approved lender, you’ll be able to ask them for recommendations and will have the peace of mind knowing that your loan and your VA status won’t confuse the real estate agent at closing.
Working with approved VA home loan lenders can simplify the buying process and helps make getting a loan in the first place far easier than it would be with a standard mortgage lender.
Contact Us Today
Finding an approved lender can be tough, but Mortgage Solutions Financial is here to help. We understand the unique requirements VA borrowers face. Contact us today to speak with an experienced mortgage broker.