Getting A VA Loan With No Credit History

Are you a veteran or active-duty service member looking to buy a home, but have no credit history? The VA loan program is an excellent option for those who have served our country and are seeking homeownership. However, many may think that having no credit history disqualifies them from a VA loan.

This blog post will explore how to get a VA loan with no credit history. We will also provide tips for successfully applying.

VA loans can help you achieve your homeownership dreams. Starting or rebuilding your credit? This article explains how VA lenders review credit history.

What are the Benefits of VA Mortgages?

VA loans are a type of mortgage loan that is available to veterans and active-duty service members. The VA guarantees the loan. This reduces lenders’ risk, making them more likely to approve it. 

VA loan programs often require no down payment. This makes them much more attractive to military members and veterans who may have limited access to cash. Additionally, there is no monthly private mortgage insurance (PMI) requirement with these types of loans.

“The whole process was great!” – Michael W.

Another advantage is that VA loans typically have lower interest rates compared to conventional loans. This may save you thousands over the course of your loan repayment period.

It’s important to note though; just because you’re eligible for a VA loan doesn’t mean you’re automatically approved. You still need to meet certain credit requirements and provide proof of income and assets.

VA loans offer many benefits to veterans and active-duty service members. You don’t need any down payment for VA loans and you don’t even need a traditional credit history. For these reasons, VA loans are often easier to get than Conventional loans.

What Are The VA Loan Credit Score Requirements?

Your credit score is calculated based on your credit report and payment history. Higher credit scores are better than lower scores. Your credit score goes down when you have late payment, collections or other derogatory credit.

One of the primary factors that lenders consider when reviewing a borrower’s credit history is your credit score. Generally, most VA lenders prefer applicants with a minimum credit score of 620 or even 640. But, HomePromise has approved VA loans with a 580 credit score.

HomePromise will work to find ways to approve you even if you have a low credit score. We will analyze your borrowing behavior over time. We will evaluate any negative events and review your explanations for those negative events to see if approval is possible.

It’s important to note that the Department of Veterans Affairs does not have minimum credit score requirements. But, most lenders set their own VA loan credit score requirements. Ultimately, it is the lender who decides if you qualify.

HomePromise will consider your entire financial picture, unlike some VA lenders. These lenders often require a minimum credit score of 640 or 620. 

Call 800-720-0250 to talk to a HomePromise VA loan expert.

Can I Get A VA Loan with No Credit Score?

Having a good credit history is important when applying for a VA home loan. It is most often the determining factor in one’s eligibility. Other determining factors are higher credit scores and showing proof of income over the last 12 months.

But, if you have no credit history, it does not mean you are disqualified from getting a VA loan. You may still be eligible with HomePromise.

The Department of Veterans Affairs (VA) understands that some veterans may struggle to build their credit. This can be due to deployments or a desire to avoid getting in debt. Many military members and veterans find it tough to get approved for credit cards during their duty.

The VA offers different options for those applying for a VA loan. This includes those with no established credit history. But, some VA lenders restrict these kinds of VA loans and will turn veterans down with no credit history.

If you have no credit history, it may seem like getting a VA loan is impossible. But, HomePromise has credit review techniques that are designed to get around the barrier of having no credit history.

Obtaining a VA loan without any established credit is possible. It may require extra effort and creativity.

Smart planning and preparation are key. The VA loan experts at HomePromise can guide you through the process. Call today at 800-720-0250.

No Credit History VA Loans Are Possible With HomePromise

Individuals with no credit history do have an option. They can provide what is known as an alternative financial record (or history), such as rent payments or utility bills. This is a valid way to show your VA lender proof of a financial history.

These documents demonstrate your financial reliability – they show you are capable of paying off debts on time. This reassures VA lenders. This is the kind of proof you need to qualify for a VA loan with no credit history.

Another option worth considering is getting a non-veteran co-borrower who has established a strong credit history. This individual will take joint responsibility with you when paying off the debt and serve as proof of your financial reliability.

Having no credit history can seem risky to lenders. However, HomePromise does not always view it that way.

HomePromise can help you navigate the VA loan application process. This can boost your confidence when applying for a VA loan with bad credit or no credit.

Call HomePromise 800-720-0250 to get started.

Tips For When Applying For A VA Loan with No Credit History

By calling HomePromise, you can successfully apply for a VA loan even with no credit history. However, there are some additional tips to keep in mind during the application process:

Have an explanation ready for why you have no credit history. We will want to know the reason. Ensure that you are prepared to provide an explanation for your situation.

Consider getting a co-signer: If possible, consider finding someone who is willing to co-sign on your loan. Having a co-signer with good credit can increase your chances of approval and help you get better loan terms.

Do not apply for multiple loans simultaneously. This can lower your chances of approval and negatively impact your future credit score. Stick with HomePromise and make sure you meet all their requirements before submitting an application.

If you’re approved for a VA loan with no credit history, focus on building your credit through your new VA loan. Be careful with any other new credit and make payments on time.

Getting a VA loan with no credit history may require effort. However, it is worth the effort because it means owning your dream home without worrying about large down payments or PMI.

Use these tips to prepare for the HomePromise application process. This will bring you one step closer to homeownership. Call today at 800-720-0250.

Guide to VA Loan Credit Requirements

Welcome to our comprehensive guide on VA loan credit requirements! VA loans are a great choice for veterans and active-duty service members who want to buy a home. These loans offer numerous benefits, including low interest rates, no down payment requirement, and flexible credit score guidelines.

In this blog post, we’ll delve into the nitty-gritty of VA loan credit requirements. We’ll talk about the lowest credit score required for a VA loan and look at choices for people with no credit.

We will compare VA loan credit requirements with other loans. We will also provide steps to improve your credit score for your application.

What is the Minimum VA Loan Credit Score?

When it comes to VA loan credit requirements, one of the key factors lenders consider is your credit score. While there’s no specific minimum credit score required by the Department of Veterans Affairs (VA), most lenders have their own guidelines.

Most lenders require a credit score of 640 or 620. However, HomePromise has approved loans for veterans with a score as low as 580.

“HomePromise made our retirement home dream happen.” – Eric M.

A good credit score improves your chances of getting a VA loan and may result in lower interest rates. However, even if you don’t have an impeccable credit history, you may still be eligible for a VA loan. Call HomePromise 800-720-0250 to see if you qualify and learn more about getting a VA loan with a low credit score.

VA lenders look at various aspects of your credit profile when evaluating your eligibility. They consider factors such as payment history, outstanding debts, length of credit history, and the types of accounts you have.

Having a credit score of 620-640 or higher can significantly improve your chances of getting approved for a VA loan. But, a credit score of 620 or higher is not required. As mentioned above, each lender has different requirements. HomePromise is willing to help borrowers with lower scores under specific conditions.

Meeting the minimum requirement is important. However, income stability and debt-to-income ratio also play a role in determining your eligibility for a VA loan. So don’t let less-than-perfect credit discourage you from exploring this beneficial financing option!

What Are the VA Loan Options with No Credit History?

If you’re concerned about meeting the minimum VA loan credit history requirements, don’t worry! There are options available for those with no or limited credit history as well. Lenders can take into account alternative forms of payment history such as rent payments or utility bills when evaluating your eligibility.

If you’re new to buying a home, you may be unsure if you can get a VA loan. Additionally, if you have no credit history, you may also have doubts about your eligibility. The good news is that having no credit history doesn’t automatically disqualify you from obtaining a VA loan. Some lenders, like HomePromise, allow you to have no credit history at all on your credit report.

The VA understands that some veterans may not have credit because of their military service in remote locations. Call HomePromise at 800-720-0250 for more information.

To get a VA loan with no credit history, lenders consider other factors to decide if you qualify. They will check your rental payment history and how you have paid for utilities, cell phone charges, and similar expenses. These alternative forms of documentation can help provide lenders with an understanding of your financial responsibility.

Even without a credit history, you can still get a VA loan if you meet all the other requirements. Working closely with an experienced lender like HomePromise who specializes in VA loans can greatly increase your chances of success.

Veterans can achieve their dream of owning a home through a VA loan. They can do this by using specialized programs and working with experts in the field. This is possible even if they don’t have established credit profiles.

How do VA Loan Credit Requirements Compare to Other Loans?

When it comes to financing your dream home, understanding the credit requirements is crucial. In this section, we’ll dive into comparing VA loan credit requirements with other types of loans.

Some lenders typically offer only conventional loans and require a minimum credit score ranging from 620 to 680. This is a big problem for veterans and military members who don’t meet strict requirements for regular loans.

FHA loans, on the other hand, have more lenient credit score requirements but you have to pay monthly mortgage insurance. There is no monthly mortgage insurance on VA loans so a VA loan is almost always a better option than FHA. 

Why Choose VA Loans After Bankruptcy?

When it comes to previous bankruptcies, VA loans are much more lenient than conventional loans.

If you had a Chapter 7 bankruptcy, you can get a new VA loan only two years after it is discharged. You’ll need to provide a full explanation of why the bankruptcy happened and show that you now have financial stability.

In some cases, you can get a VA loan after a Chapter 7 bankruptcy discharge one year ago. The reason for the bankruptcy will determine if this can be possible. If you can show that your Chapter 13 bankruptcy was caused by extenuating circumstances beyond your control, then some VA lenders may approve you for a VA loan even if your Chapter 7 bankruptcy was discharged one year ago.

HomePromise has helped veterans qualify for a VA loan 1 year after discharge of a Chapter 7 bankruptcy. Call 800-720-0250 to see if you qualify.

If your bankruptcy was a Chapter 13 case, you’ll need to give a complete explanation in writing of the circumstances of the bankruptcy just like a Chapter 7. But, you don’t have to wait 2 years from the date of the discharge.

In fact, there is no waiting period after discharge for a Chapter 13 bankruptcy. To obtain a VA loan following Chapter 13 bankruptcy, additional factors must be taken into account. One of these factors is the examination of your payment history throughout the bankruptcy plan.

The rules and guidelines for Chapter 13 bankruptcies can be complicated. Call 800-720-0250 for more information and to see if you qualify.

Traditional loans have stricter rules. These rules require a wait of four years after Chapter 7 bankruptcy discharge. Additionally, they require a wait of two years after Chapter 13 bankruptcy discharge. 

How do you Improve Your Credit Score for a VA Loan?

To improve your credit score for a VA loan, there are several steps you can take. First, make sure to pay all of your bills on time. Late payments can have a negative impact on your credit score. Set up automatic payments or reminders to help you stay on track.

Pay down any high-interest debts first and avoid taking on new debt if possible. Keep your credit card debt levels under 50% of the limit that you can charge on the credit card.

Another way to boost your credit score is by keeping old accounts open and in good standing. Your credit score is influenced by the length of your credit history. It is advisable to keep old accounts open, even if they have already been paid.

Additionally, regularly checking your credit report for errors is crucial. Mistakes happen, and incorrect information can lower your score unnecessarily. Dispute any inaccuracies with the relevant credit bureau.

Be patient as improving your credit takes time. Practicing good financial habits will slowly improve our score, increasing our chances of getting a good VA loan.

How do you Apply for a VA Loan?

Applying with HomePromise is a hassle-free process that ensures veterans and their families can obtain the home of their dreams. With HomePromise’s easy online application, you can quickly navigate through the application process from the comfort of your own home.

The Benefits of VA Loans: No PMI Required

When looking to buy a home, it’s important to consider all of your options when it comes to financing. The VA loan program is an important option for veterans with benefits like no PMI needed.

What Is Private Mortgage Insurance?

Private Mortgage Insurance (PMI) is an additional cost that many homeowners have to pay each month. In short, PMI is designed to protect the lender in case the borrower defaults on their loan. PMI for conventional loans typically applies when a borrower puts down less than 20% of the home’s purchase price as a down payment.

The purpose of this insurance is to reduce risk for the lender. Having PMI means you’ll end up paying higher mortgage payments each month . The cost can vary depending on your loan amount and other factors such as your credit score.

PMI is helpful if you cannot afford a large down payment. It is also beneficial if you want to have more money for emergencies or investments.

However, veterans and active duty service members have ways to avoid paying PMI since they may be eligible for a VA loan! Read on to discover how veterans can save money without having to worry about private mortgage insurance.

“HomePromise made the entire process so much easier.” – Georgia C.

What Are The Financial Advantages of VA Loans without PMI?

Buying a home can be difficult because of private mortgage insurance (PMI), which many buyers have to get. This additional cost can add up quickly and significantly increase monthly mortgage payments. However, with VA loans, PMI is not required.

The financial advantages of VA loans without PMI are clear. By not having to pay PMI, veterans are able to save money on their monthly mortgage payments. This can help more people afford and access a home, especially those who may have had difficulty meeting income requirements.

VA loans do not require a down payment. This means that veterans can use the money they save for other expenses such as closing costs or home improvements. This added flexibility can provide an even greater advantage when compared to conventional mortgages that normally require both down payments and PMI.

The HomePromise VA mortgage experts can answer all of your questions about VA loans and PMI.  Please call today at 800-720-0250.

How can Veterans Save Money with No Private Mortgage Insurance (PMI)?

One of the biggest advantages that VA loans provide to veterans is their exemption from private mortgage insurance (PMI). For many traditional homebuyers, PMI can add up to hundreds of dollars a month on top of mortgage payments.

This savings can be especially significant for first-time homebuyers or those who are looking to reduce monthly expenses. By not having to pay PMI, veterans have more money available for other essential expenses or long-term savings goals.

VA loans save veterans money upfront by not requiring a down payment, which is typically required on conventional loans. This helps veterans and active duty service members buy homes without needing a lot of money upfront, making it easier and cheaper to own a home.

VA loans without PMI offer financial benefits and flexibility for veterans buying a home, providing relief from extra costs.

Why Should Veterans Consider VA Loans?

If you are a veteran or active-duty military member, VA loans can offer many financial benefits worth considering. One of the most significant advantages is that VA loans do not require private mortgage insurance (PMI). This means that veterans who qualify for these types of loans can save money on their monthly payments.

In addition to not requiring PMI, VA loans generally have lower interest rates than conventional mortgages. This translates into even more savings over the life of your loan. Plus, unlike other types of home financing options, VA loans do not require a down payment.

The US Department of Veterans Affairs does not have a minimum credit score. But, VA lenders often have their own minimum credit score requirements. HomePromise has a low minimum credit score of 580 so that you may qualify with HomePromise when other VA lenders may turn you down. Call 800-720-0250 to find out if you qualify. 

Another advantage of VA loans is the flexibility they offer in terms of refinancing and repayment options. The VA Interest Rate Reduction Refinance Loan (IRRRL) is a great low cost options only available to homeowners who have a VA loan. 

If you’re a veteran, consider the advantages of getting a VA loan when purchasing a home. Avoid PMI, get lower rates, and flexible repayment options designed for military personnel.

Apply For A VA Loan With HomePromise

VA loans offer a wide range of benefits to veterans. A major benefit is that they don’t need private mortgage insurance (PMI), saving borrowers lots of money throughout their loan. This means more money in their pockets and less financial stress for them and their families.

Veterans and active-duty service members can buy homes without needing PMI by using VA loans. These loans have low interest rates with no down payment required.

Contact HomePromise today by calling 800-720-0250. We can assist you in obtaining financing for your new home purchase without PMI.

Don’t Be Fooled by Low Mortgage Rates: Closing Costs FAQs

Don’t be fooled by low mortgage rates without considering your closing costs. Closing costs can make or break your purchase of a home, and they’re often overlooked until it’s too late.

Closing costs and discount points are essential factors to consider when obtaining home loans. Lenders may try to deceive you with low rates and hide how much it costs to get those low rates. So, keep reading to learn more about closing costs and how mortgage discount points can affect your rate in the end.

How Do Closing Costs Affect Rates?

Closing costs and mortgage rates are two important factors that affect the overall cost of a home purchase. Closing costs are fees and expenses that are charged when buying a home.

Closing costs can include discount points, origination fees, title insurance, and other administrative costs. appraisal fees, title insurance, and attorney fees. Closing costs vary depending on the lender, location of the property, type of loan, and other factors.

How do Mortgage Rates Determine Closing Costs?

Mortgage rates also play an important role in determining closing costs. A lower fixed interest rate leads to lower monthly mortgage payments. However, it may lead to higher closing costs due to discount points charged by lenders.

“HomePromise’s professionalism and personal touch instilled confidence and trust.” – Kimberly P.

Conversely, a higher interest rate could mean lower closing costs but result in higher monthly payments over time. As a result, the total cost of your loan over time may be higher even when you get a lower rate.

Some lenders may fool you into thinking you are signing up for a lower interest rate that won’t cost you anything extra.  But, what they’re doing is making you trade a lower monthly payment for higher closing costs!

It’s crucial for buyers to understand how these factors interact when financing their home purchase. Carefully consider both closing costs and mortgage rates when searching for a new home purchase or refinance. This can help you make informed decisions about what works best for you financially.

How Do Lenders Try to Fool You?

As we’ve already explained, many lenders advertise affordable financing with low mortgage rates. However, they may try to hide the fact that low rates result in higher closing costs.

Another tactic mortgage lenders use is called the “bait and switch”. They offer you an attractive loan package initially but then change the terms at closing. This could include higher interest rates or additional fees that were not discussed during the initial application process.

Some lenders pressure borrowers to buy add-ons such as credit insurance or to use their company-owned title company or homeowners insurance agent. These add-ons can raise the cost of the loan considerably.

It’s essential to be vigilant when selecting a lender and read all documents carefully before signing anything. Don’t let yourself be swayed by low-interest rates without considering the closing costs associated with them.

Customer reviews online will often reveal bait and switch tactics.  Read reviews carefully for evidence that a lender did not honor at closing what was promised at the time of the loan application.

What Are Typical Closing Cost Charges?

Closing costs on a mortgage loan can vary based on several factors. Some lenders may charge higher fees than others. Here are some typical closing costs charges that you may encounter during the home-buying process:

Often one of the biggest expenses is the origination fee, which covers the cost of processing your loan application. This can be as high as 1% of your total loan amount.

You may think 1% is a small number but it can be huge depending on your loan amount.  Take a look at the following calculations to see how much a 1% origination fee impacts your closing costs:

HomePromise has one of the lowest origination fees in the industry at only $590.  That’s right, only $590 regardless of the loan amount.  Take a look below at how much you save on closing costs with the lower HomePromise origination fee:

To find out more about the savings that may be possible with HomePromise, please call 800-720-0250.

Title insurance is an important expense. Among other benefits, it may safeguard both you and your lender in the event of any issues concerning ownership or prior liens on the property.

An appraisal is required on most home loans.  This fee amount can vary but it is typically between $600 and $900.

Other fees may include credit report fees, recording fees, and tax service fees. These usually add up to a few hundred dollars in total.

Additional charges may be due at closing, such as government transfer taxes also known as tax stamps.  You will probably see charges for property taxes and homeowner’s insurance premiums. These are also known as prepaid expenses.

It is important to review estimated closing costs before finalizing your mortgage application. These costs can significantly affect the amount of money needed when buying a home.

How To Avoid High Closing Fees

When it comes to closing costs, there are alternatives that can help you avoid high fees. One option is to negotiate with the seller to cover some or all of the closing costs. While this may not always be possible, it’s worth exploring as a potential solution.

Another alternative that we explained above is to consider a lender like HomePromise with a very low origination fee. A big benefit of the HomePromise origination fee is that it does not go up as your loan amount goes up. It is always only $590.

Working with a reputable lender like HomePromise can help ensure that you get good advice and guidance about rates and fees. This may help you save on your mortgage closing costs.

How do Discount Points Work?

Discount points are a common term used in the mortgage industry, but not everyone understands what they really mean. Discount points are fees paid to a lender at closing.

Discount points enable borrowers to reduce the interest rate of their home loan. Essentially, this is the purpose of discount points. For example, one discount point equals 1% of the total loan amount.

Discount points can be beneficial for borrowers who want to lock in a lower interest rate and save money on monthly payments over the long term. However, it is important to understand how they can also increase closing costs. The cost of each point is 1% of the loan amount which can be a large cost if your loan amount is big..

Strategies for Saving on Closing Costs

When it comes to closing costs, saving money is always a top priority. Fortunately, there are several strategies that homebuyers can use to reduce these expenses.

First, consider HomePromise with a low $590 origination fee. HomePromise charges a lower origination fee than most lenders.

Another option is negotiating with the seller for them to pay a portion of the closing costs. Buyers or sellers may choose to pay these fees through negotiations. In most cases, it doesn’t matter if you pay your closing costs or if the seller pays your closing costs.

Review all documents related to your transaction, including the Loan Estimate and Closing Disclosure forms from your lender. Do this at least three days before the scheduled closing date. This will ensure accuracy and transparency.

Homebuyers can save a lot of money on the origination fee by calling HomePromise 800-720-0250. This can amount to hundreds or even thousands of dollars saved at closing..

Applying With HomePromise

You should now have a better understanding of the impact of discount points and closing costs on your loan. It is essential to pay attention to these costs. Remember that low rates may seem appealing but they can be deceiving if the closing costs are high.

At HomePromise, we understand the importance of transparency and helping our clients make informed decisions. That’s why we offer free advice and guidance.

Our experts can help you find the best loan option for your personal finances. We will guide you through every step of this process. We offer resources and strategies to reduce closing costs. This allows you to focus on achieving your dream of homeownership.

Ready to apply with HomePromise? Give us a call 800-720-0250 to get started!

VA Loan No Money Down Options

Are you a veteran or currently serving in the military? If so, you may be eligible for a VA loan which can help you achieve your dream of homeownership. The best part? You may not need to put any money down!

That’s right – with a no money down option, qualifying for a mortgage has never been easier. In this blog post, we’ll explain how VA loans work and guide you through the process of applying for one.

How Do No Money Down VA Loans Work?

VA loans are a type of mortgage loan that’s backed by the U.S. Department of Veterans Affairs (VA). VA-approved lenders can provide favorable terms to veterans, active-duty service members, and surviving spouses. These terms are usually more advantageous than traditional mortgages.

One significant advantage of VA loans is that they typically don’t require a down payment. That’s right – you may be able to purchase a home with no money down! Additionally, VA loans often have lower interest rates and can have lower fees than conventional mortgages.

If you’re interested in applying for a VA loan, keep in mind that you’ll still need to meet certain eligibility requirements. These include serving at least 90 days during wartime or 181 days during peacetime. Additionally, a Certificate of Eligibility from the VA is required.

“I highly recommend HomePromise without hesitation. – Debra H.”

It’s important to note that while the VA doesn’t directly lend money for these types of loans, but it does guarantee them. This helps reduce the risk for lenders and makes it easier for veterans to secure financing at favorable rates and terms.

Understanding VA loans can help you decide if they are suitable for you. Consider your individual requirements and objectives before making a decision by talking to a HomePromise VA loan expert at 800-720-0250.

What Types of VA Loans Are There?

VA loans offer a range of options to cater to different needs including loans to buy a home, get cash out of your home and lower your interest rates.

The VA Purchase Loan is a popular option for home buyers. It offers competitive interest rates with no need for a down payment. Buying a home is made easier with this popular loan type.

Another type of VA loan is the Cash-Out Refinance Loan.  This type of loan allows you to access cash from your home equity.

A cash out refinance can be used for home improvements or debt consolidation. This can be a useful option for those who need access to funds without having to sell their property.

An Interest Rate Reduction Refinance Loan (IRRRL) is Popular When Rates Drop.  The VA IRRRL program was created for veterans to do a low-cost refinance when rates drop.

A VA IRRRL is only allowed when a veteran or active duty member currently has a VA loan.  The VA funding fee is lowered by the VA on these loans to make them less expensive than a regular refinance. 

How Hard Is It To Qualify for a VA Loan?

Qualifying for a VA loan is not as hard as you might believe. 

Qualifying for a VA loan is different from qualifying for other types of loans. To be eligible, you must be an active-duty service member or veteran, as well as meet specific service requirements. 

To qualify, you will need to obtain a Certificate of Eligibility (COE) from the Department of Veterans Affairs. This certificate confirms your eligibility for a VA loan. HomePromise can get your COE for you by calling 800-720-0250.

Your credit score is also important when it comes to qualifying for a VA Loan with a no money-down option. The VA does not have a minimum credit score requirement. However, most lenders generally expect a credit score of at least 620.

HomePromise permits VA loans below 620 which can be very helpful for veterans with credit history problems.  Call HomePromise at 800-720-0250 to see if you qualify for a VA loan with as low as a 580 credit score.

Another factor considered in determining eligibility is your debt-to-income ratio (DTI). Your Debt-to-Income (DTI) ratio is a measure of your monthly debt obligations compared to your gross monthly income. Lenders use this ratio to determine if you can afford to make mortgage payments every month.

Lenders may require VA borrowers to have reserves in a bank account before approving them for a loan. The VA rules for reserves depend on several factors and also the characteristics of the home you’re buying. The VA loan experts at HomePromise can explain how reserves work and if you need them.

Applying for a VA Loan

Applying for a VA loan is easy. You can do it over the phone right now with HomePromise at 800-720-0250.

You will need to provide some basic information about yourself, including your income, assets, and employment history. You will likely need to provide additional documentation including tax returns and bank statements.

Once you’ve submitted your application and provided all necessary documents, HomePromise will review your file and make an underwriting decision. If approved, you’ll be given a list of any outstanding issues needed before closing.

Once any outstanding issues have been satisfied, it’s time to close on your new home! VA loans are available with no money down for eligible veterans and active military members. Applying for one could be the key to getting into your dream home.

VA loans are typically the best option for veterans and active military members. They provide a popular home purchase option as well as cash out refinance and IRRRL programs.

The VA loan process can be complicated. Understanding the requirements and calling the VA loan experts at HomePromise 800-720-0250 can help simplify the process.