How to Get a VA Loan from the #1 Minnesota/North Dakota VA loan Source:
Contact Joan at Cambria Mortgage or through our web site at VALoansMN. We will ask you some questions regarding income, employment, credit and bank accounts. DON'T WAIT: CLICK HERE TO APPLY NOW
We will let you know when you are approved for a home loan. (We won't know for sure until later in the process. More on that below.)
For each borrower on the loan application, you will need to send us asap:
W-2's for all jobs for the previous 2 years.
60 days bank statements for all accounts, all pages. (Even the ones with advertising on them.)
Your Disability Award Letter: This states specifically how much money you receive each month. (phone 800-827-1000)
Most recent IRA, etc, statement.
30 days most recent pay stubs.
A photo copy of your driver's license.
Federal Tax Returns for most recent 2 yrs (if self employed).
Call a Realtor (we also have a network of trusted Realtors if you need a referral).
Find a house you want to make into a home. Have fun!
You and your Realtor will make an offer to the seller to purchase the house.
When the offer is accepted....celebrate!
Have an inspection done. It is not required, but it is HIGHLY recommended. An inspection helps make sure that the things in the home work properly and that there are no code violations. You pay for this inspection, usually a few hundred dollars, depending on the size of the home.
We will order an appraisal. This is required by the lender. An appraisal will determine that the home is being sold at or below fair market value.
Contact your insurance agent for homeowner's insurance.
We send all of the paperwork to the lender's "underwriting department". The underwriter has the final say if your loan is approved or not. (Once we have gotten this far, chances are good it will be.)
Once the underwriter says, "You are approved", celebrate again.
Go to the title company for the "Closing" on your home. At the "Closing", you will sign the loan papers and get the keys to your new home!
Hang up a "Home Sweet Home" sign, and really celebrate.
Joan Rusco began VALoansMN.com to provide fair and affordable mortgage financing for Minnesota Veterans and their families. Brad Christensen NMLS#290074 works for Minnesota based and family owned Cambria Mortgage#322798. Cambria Mortgage is licensed in Minnesota (This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements Minn. Stat. Section 47.206 (3) and (4)).
