The home buying process is fraught with frustrations, and nothing feels worse than having your offer on your dream home get rejected.
While you may have heard that VA loan is less desirable to sellers than other types of loans, the truth is that there really isn’t a difference to most people, who simply want to sell their property to the most eligible buyer.
However, there are some easy things that you can do to make yourself stand out in a competitive buying market.
As you continue to the next phase of your home purchase, you can use these tips to help get your VA loan accepted.
Choose to Work With a VA Home Loan Specialist
When you think about it, you likely prefer to use a specialist for services that require specialized techniques such as medical treatments, and you need to treat your home purchase with the same level of care.
A VA home loan specialist understands all of the nuances that go with using this type of loan to buy a home.
You will experience less stress and quicken the buying process when you work with someone who knows what they are doing and how to explain important information to the seller.
Your Loan Specialist Will Reach Out to the Listing Agent
Communication is key through each phase of the home buying process, and your loan specialist will forge a relationship with the listing agent.
Reaching out to the person selling the home allows your loan specialist the opportunity to open up a discussion about VA loans; that can clear up any questions the listing agent may have about the process.
Often, this is the game changer when it comes to getting a VA loan accepted, since it clears up misconceptions, and makes you stand out as a trustworthy veteran who has worked hard to be able to buy a home.
The VA Loan Officer Will Provide a Copy of Your Approval
During the process of acquiring your loan, the mortgage banker develops paperwork that demonstrates your ability to secure a loan and make regular mortgage payments.
Your VA loan officer will send a copy of the DU/LP findings, along with your pre-qualification certification form, to the real estate agent in charge of selling the house.
When there are multiple offers on the table, if yours is the one that already has the details in place, it is more likely be chosen.
Make a Personal Connection
Up until this point in the home buying process, everything has felt fairly impersonal. Now, you have the chance to reach out and truly demonstrate that a real live person is behind the officer.
Write a letter to the seller that lets them know that you are a veteran who has served their country and deserves to have their dream of owning this home come true.
As you do, let them know what you love about the house and a little bit about your plans for the future. When the seller sees you as a special person who has served their country, it makes it easier for them to envision selling their house to you.
Highly Motivated – Truly Dedicated
Your VA loan is an asset for buying your house, and you worked hard to earn the benefits that accompany getting approved for your loan. Our loan specialists are highly motivated, truly dedicated experts in VA loans, and are ready to help you make sure that your offer is the most attractive one on the table.
