VA Loans: Everything You Should Know

VA loans are the best lending program that is available in the market for military personnel who wish to avail a loan. These reasonable and simple loans helped countless people who serve our country. Allowing them to buy properties and become proud homeowners.

Since 1994, VA loans have been a great help to the people who serve our country. However, even the most seasoned beneficiaries of such a loan still have a hard time explaining the steps you should take to be finally approved for one.

Today we are going to take a look at things that you should know before you request for a VA loan. We are going to explain each step as understandable as we can in hopes to better help you get that dream house you wanted.


Getting a loan is not an easy task. But it helps when you know how to get from point A to point B. This is the first step into availing the best loan for you.

First, you need to find a VA lender that can help you in estimating how much you can loan considering your income, entitlement, credit as well as any other financial factors. VA Loans El Paso can assist you with that!


Loan pre-approval is a step closer to being approved! It’s as simple as that. Being pre-approved also allows you to go ahead and find a home you fancy. Lenders will then confirm and eventually verify that you can afford it. A Pre-approval letter is also a great way to tell real-estate agents and home sellers that you are the real deal.

Offer and negotiations

After you get the Pre-approval letter, you can already start picking a VA loan approved home of your choice as well as negotiating a contract with the seller. It’s imperative that you have a VA loan agent with you to advise and overlook this process.

VA appraisal – underwriting

After all of what is said and done with the home seller or real estate agent, your next step would be to have your lender order an appraisal of the property. This will have underwriters come in and asses your income, financial status as well as other related documents and once it is finalized you are then given the signal to move along to your next and final step. That is loan closing.


This part is where you need a pen with you at all times because you are going to sign a lot of papers and legal documents for you to finally get the keys to your desired home.

On paper, it is safe to assume that availing a VA loan is easy as pie. But in all honesty, it takes a lot of patience and time to finalize. You need to have a few documents on the ready as well as polishing your credit score to ensure that you get a great deal. It takes time, but it is a loan that provides you with the best results.

Clare Louise

Clare Louise