False. The VA Loan closes as fast as any other loans and are more likely to close.
As with each loan program, the VA loan will have certain requirements that need to be met and documents that will need to be provided. One myth regarding this is that there is more bureaucracy and red tape to get through. This is simply not true. And in the past several years the VA has increased the automation and efficiency to better serve the Service Members and Veterans.
A good lender will anticipate any documents and information that will be required by the underwriter to adhere to the VA Loan guidelines. By working with the right loan officer who is a VA Specialist there will not be the surprises that can delay or derail your loan. The loan officer will ask the tough questions and will let you know what information and documentation is needed so that your loan can close in a timely manner.
Call or email me today to discuss your VA loan benefit since each situation is unique. Let me get you pre-approved and ready to purchase a home.
What preparations and planning are you doing to buy your first home during this market of low interest rates and low house inventory? Two of the main hurdles I commonly see preventing people to delay Read more…