I have been very fortunate to serve a lot of Veterans with all of their VA Loan financing needs for the past 9 years, soon to be 10 years in 2015 (gosh time does go by fast). Anyhow, as I thought about a my next blog topic I remembered how on every single one of those transactions 1 particular question always comes up from the Veteran.
That question? “Jimmy what are the items needed for a VA Loan? ” This question can come from a Veteran who is ready to buy a house tomorrow, or maybe even a year from now, and that’s okay. The YouTube Video below explains the items needed for the VA Loan.
In order for a Veteran to use their VA Home Loan Benefits the VA Loan requires the following documentation.
- Most Recent 2 Years of W-2’s
- Most Recent 2 Years of Tax Returns
- Most Recent 2 Months of Bank Statement
- Copy of Photo I.D.
- Copy of DD-214
- Copy of Certificate of Eligibility
This is a list that should be enough to get you started. However, keep in mind that the lender can always reserve the right to request more documentation. For example, if you own homes, you may need to provide a copy of the current mortgage statement and tax bill along with insurance dec page. Or maybe if the Veteran has had a foreclosure in the past they may needed to provide additional documentation to support the hardship. It’s truly a case by case basis. However, the information listed above should be enough to get you stared and on the right track for the items needed for a VA Loan.
If you have more questions about your VA Home Loan Benefits I would be honored to serve you. My name is Jimmy Vercellino and I am a United States Marine Corps Veteran of Operation Iraqi Freedom and Mortgage Originator Specializing in VA Loans. To contact me direct you can reach me at 602-908-5849 or email me at firstname.lastname@example.org
Thank you and may God bless you for your service to our great country.