Can VA Loans Close in 30 Days?
Buying a home takes time. When you’re buying a home with a VA loan, it can seem like the process takes even longer than normal. If time is of the essence and you need to close on a property as fast as possible, any delay can mean a serious and costly headache. So, how fast can you close on a VA loan? Is it as fast as traditional mortgages?
You Can Close in 30 Days
It is possible to close on a VA loan in as little as 30 days. This makes buying a home with a VA loan just as fast as a traditional mortgage. The key to a fast closing lies in making sure you have everything you need to speed things along. Here are a few tips to help.
Getting pre-approved for your loan is the first thing any buyer should do. This helps you find out how much money you’ll be able to borrow, which lenders will give you the best rate, and makes sure all of your paperwork and documentation is in order. You don’t have to have a house in mind to start talking with a lender. As soon as you think you’re ready to start looking at homes, get pre-approved for a loan.
Work with a VA-Friendly Realtor
The best way to speed up the closing process is to work with a realtor or real estate agent that is familiar with VA home loans. They’ll understand the tight timeline most military families are under and can make sure things go as smoothly as possible.
Use a VA-Approved Lender
Many banks and home loan lenders can issue VA home loans, but that doesn’t mean they know the ins and outs of the program. Before you apply for a loan, make sure the lender has worked with military members in the past and knows how the program works. If they don’t, you’ll want to keep looking. Otherwise, you could end up dealing with delays.
Get Your Home Fast
Buying a home with a VA loan doesn’t have to take months on end. Work with our team and let us help you get into your dream home quickly.