1. To obtain a VA Guaranty Home Loan, the buyer must have a Certificate of Eligibility. You can help them apply online for a Certificate of Eligibility (COE) or by completing this fillable VA Form 26-1880, Request for Certificate of Eligibility, and simply mail it in. Lenders can also obtain COEs for Veterans online.
2. We can then help find a local Veteran Real Estate Specialist to assist through the process of buying a home. The lender will complete an application and work to determine the amount of loan for which the buyer qualifies. Then, after a pre-qualification or pre-approval has been obtained you can begin helping the buyer find the right property.
3. Select a home and sign a purchase agreement or a contract with a builder. It is important to note that the sales contract should include a provision making it void if the buyer is unable to attain VA-Guaranty financing. The lender will then order an appraisal of the property, and clear the final conditions required to close on the new home.
The Veterans News Network can help find Veteran Real Estate Specialists in your area – “The Source Vets Trust”.