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Starting your VA loan application can sometimes be a daunting task. First you have to determine if you are eligible for the VA program, file your request for the Certificate of Eligibility, and then find a trustworthy lender to process your application. Luckily, you don’t have to go through this process alone. Here at The Reichert Mortgage Team, we will work with you from start to finish, from obtaining your Certificate of Eligibility to working with your monthly spending to find the right loan for you, to the final signing of the documents for your new home. As a mortgage lender in Colorado Springs, VA Loans are our specialty, and we are proud to offer support and expert knowledge within this field. We hope this guide helps you along your mortgage process, and helps determine whether you can qualify for a VA Loan.
Although, you can obtain your Certificate of Eligibility by yourself — either online via the VA ebenefits portal, or by sending the VA 26-1880 form by mail — in every case, we believe it is a much smarter choice to ask your lender for assistance in obtaining your COE. In this way, you will be able to be properly educated along the way and streamline your VA loan application.
In the majority of cases, your lender will be able to pull data from the VA online database, obtaining your COE within minutes. In contrast, applying by yourself via mail or online can take up to six weeks or longer if there's a mistake.
VA-loan savvy loan specialists, like The Reichert Mortgage Team, are versed in every aspect of the VA loan application, which means we are able to ensure a stress free application process, informing you of its status on the way.
Even if you obtain your COE on your own, you will need to choose a lender eventually. jumpstarting your VA loan process with a trusted lender means you can kill two birds with one stone, obtaining your COE from the beginning.
The COE is a government-issued document that proves to your lender that you have met the necessary service requirements to qualify for the VA program. Obtaining this document is the first step of the loan process. According to the VA, to be eligible, every veteran has to meet one of the following service requirements:
If you were honorably discharged, you may also be eligible for the VA program as long as you were discharged for one of the following reasons:
As a VA lender in Colorado Springs, we are here to help. The path to getting approved for a VA Loan can be broken down into four simple steps:
The value of having your VA loan handled by an approved lender saves you time and energy valuable to your workday. Here at The Reichert Mortgage Team, we are VA home loan specialists who want to help our fellow military in Colorado Springs through this process. If you have any questions about VA Loan Eligibility, or how to obtain your COE, contact us! we would be happy to serve you with our resources and expert knowledge of VA loans.
The Reichert Mortgage Team is proud to be your local, veteran owned mortgage lender in Colorado Springs specializing in VA Loans.
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