The final step in any real estate transaction is the closing, so make sure everything is in place before you get to that exciting day. One of the biggest risks to closing on time is a change in a borrower's financial circumstance. You may want to avoid opening a new credit card account, buying a car or making any other large purchase prior to closing.
We will walk you through everything you will need to bring to closing.
You'll need to get an appraisal, a home inspection and other certifications.
- An appraisal is a written report showing how much a property is worth.
- A home inspector checks over the house and looks for any problems affecting the safety or resale value of the property; if this occurs, you may want to negotiate with the seller to make required repairs.
Start searching! Find a real estate agent who is familiar with VA loans and the area you are looking at.
Here are some more considerations when looking for a new home:
- Check out the school system.
- Investigate the safety of the neighborhood. Read the local newspaper and drive through the area at different times of the day.
- Take a tour. See how far it is to access hospitals, shopping, schools, and recreation areas.
Once you select a property, make an offer and negotiate with the seller on a final sale price.
Freedom Mortgage can help you with considerations on your home budget and how much you may be able to borrow. We will ask you information about your specific financial situation, check your credit and verify your income and assets. Once this is completed, we can give you a written pre-approval.
Get a basic estimate with our mortgage affordability calculator.
VA loans can be more accepting than conventional loans when it comes to credit scores. If your credit score is lower than you want, you may still be eligible. Check your free annual credit report through annualcreditreport.com.
A Certificate of Eligibility will show that you've met the requirements for a VA loan. A COE can be obtained online with the Department of Veterans Affairs.
Learn More: FreedomMortgage.com/va-loans/mortgage-process
Learn More: FreedomMortgage.com/va-loans/mortgage-process
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Check your credit score and obtain
a Certificate of Eligibility (COE).
Check your VA eligibility
Step 1
Step 2
A pre-approval shows how much you can put toward a down payment and the mortgage that you are qualified for, which is needed for submitting an offer on a home.
Get pre-approved
Inspect the home, and if applicable, negotiate
any needed repairs with the seller.
Get a home inspection and appraisal
Step 4
Sign closing documents and get the keys to your new home!
Step 5
Close on your
loan & move in!
Step 3
A trusted real estate agent will help you find a
home that meets all of your needs.
Search for your home
The
Home Buying Process
For Veterans
Freedom Mortgage Corporation
907 Pleasant Valley Avenue, Suite 3, Mt. Laurel, NJ 08084
(800) 220-3333
Lender NMLS# 2767 (www.nmlsconsumeraccess.org)
Freedom Mortgage is not affiliated with the U.S. government, HUD, FHA, VA, or any other government agencies.
freedommortgage.com/license
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