How Do I Get Started?
First, determine if you are eligible
for a VA loan. This will help you determine what price
house you can afford, how much money you will need to put
down as a downpayment, etc. To receive a Certificate of Eligibility,
you must first complete
Form 26-1880 and mail it, along with a copy of your DD
214 discharge papers, to the Eligibility
center for your area.
Next, find the home of your dreams.
Then, find a lender. While the VA cannot recommend
a specific lender, they do suggest you start with the bank
or credit union you currently do business with. Another suggestion
is to ask friends or relatives for a recommendation. For a
partial list of lenders that do business in your location,
visit the VA
E-Lenders nationwide directory.
Get it appraised by the VA. Typically, the lender
will order a VA appraisal
Lastly, close on the home.
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