The VA Loan

Do your homework and make sure you have everything you need to get started on your VA home loan.

Veteran Home Loans Rates for 7/27/2008
30 Year Fixed ----------------- 0.000 points 6.500% 6.618% APR		15 Year Fixed ----------------- 0.000 points 6.500% 6.500% APR		Hybrid 3/1 ARM ----------------- 0.000 points 7.500% 8.000% APR

Frequent Question # 2:
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Using the VA Loan is a Good Idea
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The more you know about our home loan program, the more you will realize how little "red tape" there really is in getting a VA loan. These loans are often made without any downpayment at all, and frequently offer lower interest rates than ordinarily available with other kinds of loans. Aside from the veteran's certificate of eligibility and the VA-assigned appraisal, the application process is not much different than any other type of mortgage loan. And if the lender is approved for automatic processing, as more and more lenders are now, a buyer's loan can be processed and closed by the lender without waiting for VA's approval of the credit application. -- -- -- -- -- -- -- --

>> VA Loan Testimonials

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Get Started With Your VA Loan

* Property Location:
* Loan Purpose:

-- What is a VA Loan?
-- Lending Limits
-- Closing Costs
-- Debt to Income Ratios
-- VA Funding Fee
-- Credit Issues
-- The Law on Occupancy
-- Co-signors or Joint Loans
-- Your Loan Checklist

VA Loan Checklist

Residence addresses for the past two years
Names and addresses of your employers over past two years
Social Security numbers
Your current gross monthly salary along with W2's for the past two years and current check stubs
All bank accounts to include names, addresses, account numbers and balances
All open loans to include names, addresses, account numbers, balances and monthly payments
Certificate of Eligibility and DD-214
For self-employed individuals, you will need to provide personal tax returns for the past two years, current income statement and balance sheet for the business

For applicants who have a residential property and complete the loan application, you will need to pay for a credit report and appraisal of the property.