6 Easy Steps to a VA-Guaranteed Home Loan
Step 1: Apply online for a Certificate of Eligibility (COE) at: www.ebenefits.va.gov, or have your lender apply via the Web;

Step 2: If you have not selected a lender, do so, ensure the lender has your Certificate of Eligibility (COE) and complete the loan application;

Step 3: Decide on a home you want to buy and sign a purchase agreement that contains a VA Amendatory Clause. You may also want the purchase agreement to allow you to "escape" from the contract without penalty if you can't get a VA loan

Step 4: The lender will request that VA assign a licensed appraiser to determine the reasonable value for the property. A Notice of Value (N.O.V.) will be issued;

Step 5: The lender will let you know the decision on the loan. You should be approved if the property meets VA's minimum property requirements and the established value, your credit rating and income are acceptable; and

Step 6: The lender will explain the loan terms and requirements as well as where and how to make the monthly payments. All relevant papers are signed and you move in.
Steps to a VA-Guaranteed Home Loan
Andre S. Hobbs, Realtor
Andre S. Hobbs, Realtor
Military Veteran / VA Specialized
864 Amena Court, Chula Vista CA 91910