Step-by-Step Guide to the VA Home Loan Process

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STEP-BY-STEP GUIDE TO THE VA HOME LOAN PROCESS
NMLS ID 2856
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Obtain a Certificate of Eligibility (COE)
A Certificate of Eligibility is required as
evidence that you have served in the military,
since this loan program is specifically designed
for veterans.
NMLS ID 2856
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Pre-Qualify for Your Loan Amount
Under the pre-qualification step, you can access
your eligibility by evaluating your financial
standing against the loan requirements. This
gives a clearer indication to the lender about
your credit score and gives you a better chance
compared to other buyers who have skipped this
step.
NMLS ID 2856
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Shop Around for a Home and Sign a Purchase
Agreement
Once youre prequalified, you can begin your
house hunting process. Hiring an experienced real
estate agent will make your life easier. Once you
have found your home, you can proceed further
with assessing the home loan program.
NMLS ID 2856
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The Lender Processes Your Application and Orders
a VA Appraisal
Once the house hunting is done, you can apply for
a loan with a signed purchase agreement. The
VA-approved lender will then order a VA
appraisal. They will conduct the appraisal in
order to ensure that the purchase price justifies
the current market value of the property.
NMLS ID 2856
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www.drewmortgage.com Mortgage Lender in Boston,
Worcester Peabody
NMLS ID 2856