VA Loan Checklist of Requirements
Get Organized for a Faster Loan
Before you start the loan process, you'll need to have some information at hand for all loan applicants:
- Residence addresses for the past two years
- Names and addresses of your employers over past two years
- Social Security numbers
- Your current gross monthly salary along with W2's for the past two years and current check stubs
- All bank accounts to include names, addresses, account numbers and balances
- All open loans to include names, addresses, account numbers, balances and monthly payments
- Certificate of Eligibility and DD-214
- For self-employed individuals, you will need to provide personal tax returns for the past two years, current income statement and balance sheet for the business
- For applicants who have a residential property and complete the loan application, you will need to pay for a credit report and appraisal of the property
VA Loan News, Guidelines, and Articles
Many assume the VA provides the money for a VA guaranteed loan, but private banks issue the actual VA mortgage—no money comes from the VA unless the buyer defaults and goes into foreclosure.
Active duty military members facing PCS moves or veterans who want to sell an old home and buy a new one are often faced selling their home before the VA loan is paid in full.
Death benefits connected to VA loans are intended for surviving spouses only. They are not extended to other family members including siblings or children.
ADDITIONAL ARTICLES
