Pursuing the six simple actions so you’re able to a good Virtual assistant home loan will help improve process go more smoothly. Learn the DO’S and you may DON’TS of your own optional third step: Prequalifying.

Virtual assistant Financing Prequalifying is one of the earliest actions a debtor may want to bring once they features connected with an excellent Va-recognized bank. Prequalification is actually an initial assessment of your borrower’s ability to meet the requirements for a financial loan centered on first information about money, personal debt and you can borrowing. Prequalifying normally happens https://paydayloanalabama.com/coffeeville/ in advance of specialized files is gotten and you may analyzed from the new underwriter, which cannot be certain that loan recognition.

As the Va financing prequalification is not necessarily the identical to acceptance, what is the worth of this optional action? Continue reading →