Arizona VA Loans
Arizona is a wonderful state – one that people are starting to take notice of and really appreciate. Because of this, both Tucson and Phoenix have grown rapidly over the years, making housing prices soar. For veterans who are relocating to Arizona, you have the option of buying a house through the VA with their loan guaranty program. The VA has created this program in order to help out veterans and their families and help them realize the dream of homeownership. To date, millions of veterans have taken advantage of the program, with more and more signing up each year.
Here are the steps you will need to take in order to obtain an Arizona VA Loan:
1. Shop for houses. When you find a house you like, discuss the price with the seller or agent and sign a buyer’s agreement. This document is binding, pending approval of the VA Loan.
2. Find a lender. You have the option to choose any private lender that is VA approved and is part of the VA Loan guaranty program. At this time you will need to give them your Certificate of Eligibility (COE) if available. The lender may also request a COE on your behalf. Complete the loan application forms.
3. Get results. The lender will generate your credit score, necessary financial documents and an appraisal of the house. The appraisal will be done by a VA approved inspector to establish a reasonable sale price. The lender will then let you know if the loan has been approved.
4. Sign the closing documents. You and your co-borrower will need to attend the closing of the loan. The lender or mortgage attorney will inform you of all the details of the loan including how much your payments will be and who to make them out to. Sign all notes and documents.
5. Move into your new home!
Find Out What You Qualify For
Want to find out how much you qualify for? It’s never been easier. Just fill out our secure 1-minute quote request form and you can get a rate quote today.
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