2 Documents that a Veteran Must Have when Applying for a VA Home Loan.

Many Veterans know that serving honorably in the military offers benefits of different varieties. However, what a lot of veterans do not know is how to take advantage of them, or even where to start. The VA Home Loan is no exception to this. So if a veteran is interested in obtaining a VA Home Loan, where exactly do they start? The first order of business that you need to do is get a copy of your DD-214 ( discharge paperwork) or a statement of service if active duty. This document is absolutely critical to have. Simply stated if you don’t have your DD-214 or statement of service you will not be able to obtain a VA Home Loan, reason being, it tells the lender that you were honorably discharged or have served the required amount of time to be eligible for your VA Home Loan benefits.

 
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Now that we have the DD-214 we need to take care of our next order of business and that is our COE (Certificate of Eligibility). This particular document creates much confusion for veterans because they don’t know where to obtain it. The COE is a document that is generated from the VA which states that you are eligible, not prequalified, for the VA loan. To ensure that you are in fact prequalified to use your VA Home loan you must speak with a VA lender to ensure that you meet the credit, and income requirements. Now in order to obtain this document you can contact the VA directly, or you can obtain from a VA direct endorsed lender (somebody like myself) which can be obtained in a matter of minutes.

Lastly, please keep in mind you must have these 2 documents. If you don’t simply stated you will not be able to obtain your VA Home Loan. For more information regarding your VA Home Loan benefits you may call me direct at 602-908-5849.

Thank you and May God bless you for your service to our great country.

Semper Fidelis, Jimmy Vercellino


Why Use a VA Home Loan?

I can remember when I first began my career in the Mortgage Banking business back in 2005 of course things were much different then. So different that many veterans were being told not to use their VA Home Loan benefits because more competitive loans existed. Boy, were they wrong!

The VA Home Loan is one of the best options that a Veteran has available for purchasing a home. These are benefits we have earned by honorably defending this great nation with our blood, sweat, and tears. There has been much confusion regarding VA Home Loans over the years. In reality, VA Home Loans have some of the most competitive rates that exist on the market today therefore allowing veterans to purchase more home, with lower monthly payments.
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