Q: How do I get started?
A: The best thing you can do as a potential loan recipient is contact us as soon as possible. We will need to share about 10 minutes of your time to go over the details that would affect your likelihood of receiving an approval, and within 24 hours we should be able to get you a decision from the VA.

Q: What do you need from me?
A: Initially all we need is to speak with you. The needed documentation depends on which loan we ultimately place you in. A general rule of thumb for VA: we will need 2 year’s W-2s or tax returns, current pay-stubs, last 2 months’ bank statements, your DD-214 (if applicable), and without a doubt your Certificate of Eligibility. If you do not have your COE we can attempt to obtain it for you for your convenience during our initial conversation.

Q: What are typical closing costs on a VA loan?
A: VA charges a 2.15% VA Funding Fee that is a percentage of the sales price and/or final loan amount. This fee is financed as part of your mortgage so that you do not have to pay this in cash at closing. This fee is waived if your percentage of disability is considered 10% or greater by the military. This fee could be greater than 2.15% if you have utilized your VA Eligibility on a home loan previously. There are other necessary third party closing costs that are specific to each transaction but VA has some guidelines regarding these costs. Your best bet to get an accurate account of probable closing costs for your transaction is to contact us and let us go through the information with you.

Q: What should I expect to pay at the time of closing?
A: This is entirely loan specific and we would like to speak with you regarding your respective situation to give you as an accurate number as possible. That being said, we will do what we can to arrange your loan in a way that requires little to no money to close when the structure of the transaction allows for it.

Q: If I do not qualify for a VA loan, are there other loans for which I would qualify?
A: Possibly. We can assist you there as well. Our primary function is to place you into the best VA mortgage available, but should VA not offer to back your mortgage we will look into alternative financing solutions for you. We also have a credit repair company in-house that we can refer you to, should alternative financing not be available at this moment.

Q: Someone told me that pulling my credit would hurt my score, is this true?
A: Not typically. We are not a credit bureau so if you want exact information we suggest contacting one of the bureaus directly. That being said, it is generally understood that pulling a credit report for the purpose of applying for a home loan will NOT affect your scores. Applying for multiple credit cards, or revolving debt, is what we understand may reduce your overall scores because it tells the bureau you are attempting to take on a lot of new high interest debt; and they may discourage this by negating your scores.

If you have more questions, email us directly with a specific question,
or better yet, pick up the phone and give us a call.
Remember, we work for you.
It is a free service for us to get you pre-qualified.