If you are looking to get a home loan in the Virgina area, the process does not need to be difficult if you know what it is you need to do. While the VA home loans process may seem over whelming, if you follow a few key tips, you will have a mortgage in no time.

The first step before even beginning your property search is obtaining a letter of preapproval. This means a mortgage lender has verified that you re approved for a mortgage of a certain amount over a fixed time frame. Loan officer jobs involve preparing a preapproval letter shows the seller and the seller s agent that the buyer is capable of buying their house.

Your first step in seeking pre approval is talk to a few different mortgage lenders to find the best down payment assistance programs that suit your needs. Two or three home loan lenders is a good place to begin. That way, you will not be too overwhelmed with information, but you will still be able to compare and contrast.

Be sure to have your financial history ready to share. If you are self employed or an independent contractor, you will most likely need to show two years’ earnings history when you are applying for a homeowner’s loan. Without it, it is unlikely that you will be approved for any fha home loans, down payment assistance programs, or first time home buyers programs.

Finding down payment assistance programs for home loans does not need to be difficult if you are well prepared, so do your research.

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