VA HOME LOAN PROCESS
VA loans are an excellent option for military members and veterans to achieve homeownership. As a veteran-owned mortgage company, the Reichert Mortgage Team is proud to work with current and retired service members across Colorado Springs and beyond as a VA-approved mortgage broker. Our mission is to offer military members the best mortgage solutions when purchasing a home in the beautiful state of Colorado. At the Reichert Mortgage Team, we take pride in serving our military community. Our expert and knowledgeable team is here to support you throughout your VA loan. From helping you secure a Certificate of Eligibility to processing your loan application, the Reichert Mortgage Team is your partner in the VA home loan process.
STEP 1: OBTAIN A CERTIFICATE OF ELIGIBILITY
The first step in your VA home loan process is obtaining a Certificate of Eligibility (COE). A COE showcases that you meet the requirements for a VA loan as well as the amount the Department of Veterans Affairs will guarantee on your loan. At the Reichert Mortgage Team, we specialize in VA loans. Our team will work with you to help you secure a COE to begin your VA home loan process.
STEP 2: PREQUALIFY FOR A VA LOAN
Prequalifying for a VA loan gives you a good estimate of your budget for buying a home. Getting preapproved also strengthens your purchase offers because it shows sellers you are serious about buying a home. When working with the Reichert Mortgage Team, we will review your financial documentation, such as employment, banking, credit information, and other factors to determine the best mortgage for your situation.
STEP 3: FIND THE PERFECT HOME
The next step in the VA home loan process is finding your dream home. It is best to work with a real estate agent who specializes in VA loans because they will be familiar with purchasing a home with this type of loan. Many types of homes can be purchased with a VA loan, including single-family homes, multi-unit properties, condominiums, new construction homes, and manufactured homes. The Reichert Mortgage Team will assist you throughout your entire loan process to ensure it goes as smoothly as possible.
STEP 4: THE REICHERT MORTGAGE TEAM PROCESSES YOUR APPLICATION
Once you find the home of your dreams, you will put in an offer and sign a purchase agreement. A signed purchase contract is what you need to finish your VA home loan application. The Reichert Mortgage Team will work with you to review your financial situation and process your VA loan. At the same time, a VA appraisal will be completed on the property to ensure it meets the requirements set by the Department of Veterans Affairs. When the application is completed and the appraisal is approved, you are one step away from finishing the VA home loan process.
STEP 5: CLOSE ON THE HOME
The next step in the VA home loan process is finding your dream home. It is best to work with a real estate agent who specializes in VA loans because they will be familiar with purchasing a home with this type of loan. Many types of homes can be purchased with a VA loan, including single-family homes, multi-unit properties, condominiums, new construction homes, and manufactured homes. The Reichert Mortgage Team will assist you throughout your entire loan process to ensure it goes as smoothly as possible.
SEE IF YOU QUALIFY FOR A VA LOAN WITH THE REICHERT MORTGAGE TEAM
For many military members and veterans, the path to homeownership starts with a VA loan. The thought of completing the VA home loan process may feel overwhelming, but the Reichert Mortgage Team is here to help! As a mortgage broker in Colorado Springs, we specialize in VA loans to help the military community in Colorado find the perfect homes. We are proud to offer support, expertise, and knowledge of the VA home loan process to make completing a loan application as easy as possible. As a VA-approved mortgage lender, the Reichert Mortgage Team is here to help you every step of the way. If you have questions about the VA home loan process, or if you are ready to begin your loan application, contact our mortgage professionals today!
