How to Apply for a VA Loan?

Applying for a VA mortgage in San Antonio loan so as to purchase a house is an intimidating process, particularly for first-time homebuyers. Candidates can follow the steps for applying for a VA loan. 

After determining that you’re eligible for a VA loan, the application process will take around 40 days to complete. 

But, it's important to know what all is required in order to complete the application process for a VA loan. 


Lenders will want you to provide documentation to verify the employment history, creditworthiness as well as your entire financial condition.

You are eligible for a VA home loan only if you fulfill the below-given conditions

  • You served 90 successive days of active service throughout wartime

  • You served a minimum of 6 years in the National Guard 

  • You are a spouse of a service member who has died in the line of duty



Contact a VA Loan Lender

It’s important to get in touch with a VA home loan lender so that you can begin the pre-approval procedure. Having a preapproval letter from the lender will, no doubt, help tremendously when it's about placing an offer on the house. 


Make an Offer on a Home

Find the house you think is right for you as well as your family, and after that make the offer on house using the VA loan preapproval letter that you will receive from the lender. Once the seller accepts an offer and you have a contract in place, inform the lender for beginning the next step towards homeownership.


Finish Your VA Loan Application

Work with the lender in order to finalize the VA loan application thus providing the information required. Before final approval, the application for a VA loan is submitted to the underwriting. During the process of underwriting, the lender will validate all personal as well as financial information, 

Before closing, the lender will work with you as well as the seller for scheduling a VA home appraisal. At last, this is the step for approving the application for a VA home loan; but make sure to check the VA mortgage rate in Texas. 


Wrap Up

Hope you have enjoyed reading this guide and it helped you in knowing more about the ways to apply for a home loan. 
Location: United States

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