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Va Loan Pre-Approval Process

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Va Loan Pre-Approval Process

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  1. VA Loan Pre-Approval Process Pre-approval is a very important part of a loan process. It gives you an idea about the amount of loan you could get based on your documents and credit history. Here is a simple pre-approval process carried out for VA mortgage loan. Certi?cate Of Eligibility 01 The VA approved lender goes through the documents and provides a certificate of eligibility if everything meets the requirements. Income-To-Expenditure Ratio 02 The lender will check your income, debts and monthly expenses to see if you can repay the loan. Credit Score Review Most lender prefer a credit score of at least 620 in order to get your loan pre- 03 approved. Getting The Pre-Approval Letter Once you get the Certificate of Eligibility and other documents verified, you will be provided with a pre- approval letter. 04 www.kathygaitan.com Kathy Gaitan - LeaderOne Home Loans 3901 E. Stan Schlueter Loop, Suite 101, Killeen, TX 76542 Call at: (254) 541 - 5189

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