Following the 6 simple steps to a beneficial Virtual assistant home loan may help improve procedure go more smoothly. Find out the DO’S and you can DON’TS of the elective step three: Prequalifying.

Va Mortgage Prequalifying is just one of the basic actions a debtor should need when they has actually associated with good Va-accepted lender. Prequalification was an initial analysis of the borrower’s capacity to meet the requirements for a loan centered on first information about income, obligations and you may borrowing. Prequalifying usually occurs prior to authoritative data files is actually obtained and you can examined of the the fresh underwriter, that it will not make sure loan approval. Read more