Home loans are available for current members and for eligible veterans who served in the armed forces of the United States. The Department of Veterans Affairs helps to facilitate affordable ways for service members and for veterans to buy a home. Family First Funding is licensed to offer VA mortgage loans.
VA home loans enable active military members and qualified veterans to secure attractive mortgage terms to buy a home. Home loans that are backed by the Department of Veterans Affairs offer favorable mortgage interest rates. VA loans have fairly lenient credit requirements versus the credit rating and credit score requirements for conventional mortgage loans. Generally, active duty members and veterans are not required to place a down payment on a home that meets the established underwriting guidelines.
Current service members and veterans who are seeking to use a VA mortgage loan to buy a home are required to live in the property. Veterans and active military members who do not plan to occupy a property after the closing of escrow should speak with a mortgage adviser about obtaining an investment property loan. A Team Barber lending professional at Family First Funding may be contacted to discuss using a VA loan to buy a home.
Get a Certificate of Eligibility for a VA Loan
Issued by the Department of Veterans Affairs, a certificate of eligibility validates that a candidate is qualified to apply for a VA-backed home loan. Active military members and veterans may apply for a certificate of eligibility via the VA website. A copied DD Form 214 that displays a veteran’s or an active military member’s identity and service record must be submitted to the Department of Veterans Affairs for review. A Team Barber mortgage professional may be able to provide help for current service members or for veterans who need assistance with obtaining a certificate of eligibility from the VA.
Active military members and veterans can complete a residential mortgage loan application for a VA-backed home loan. In addition to a certificate of eligibility, a mortgage lender may request a variety of documents before a pre-approval letter is issued to a prospective home buyer.
To determine whether a borrower meets the preliminary approval requirements, a lender will need to review certain items, such as a consumer credit report, recent pay stubs, tax returns, W-2 forms and other items.
Working with experienced mortgage lending professionals is essential to a smooth loan application and a seamless loan processing experience. Contact a Team Barber mortgage adviser at Family First Funding to get more information about applying for a VA mortgage loan to buy a home: 732.299.4824 or firstname.lastname@example.org.