Cincinnati VA Loans
Right now is a great time for qualified veterans to take advantage of the VA Home Loan Guaranty Program in Cincinnati, Ohio. Housing prices have come down in recent years, and the VA has made the loan process easier and more affordable than ever for veterans. Plus, when you apply for your loan you won’t be required to provide a down payment on the property or pay costly private mortgage insurance. Here are the steps you need to take in order to get started on the road to homeownership today.
1. Get pre-approved
While it’s not necessary to get pre-approved for a loan, it is a really great idea. When you get pre-approved you will be able to know exactly how much you can afford when shopping for a house.
2. Go house shopping
Your next step is to go house shopping. Find a house that is the right size for you and your family at a good price. Once you’ve found that ideal home, discuss the price and sign a buyer’s agreement that will be pending the approval of the loan.
3. Submit an eligibility form
You or your lender will need to fill out an eligibility form to be submitted with the VA. The rules require you to have served a minimum of 181 days of regular active-duty service in order to qualify. Once your application has been approved you will be sent a Certificate of Eligibility in the mail.
4. Complete the loan process
To start the loan process you will need to supply your credit scores and financial documents. During this time your lender will also have the house appraised by a VA-approved inspector.
5. Attend the closing
You and any co-borrowers will need to attend the closing of the loan. Your lender or loan attorney will give you all the specifics of the loan and payments at this time. You will need to sign the mortgage and all notes and pay the closing fees.
6. Enjoy your new home!
At this point you are now the proud new homeowner of a lovely property in Cincinnati!
Get started today
Our team of VA home specialists would love to help you get started on your Cincinnati VA Loan today. Simply fill out our secure, fast and free online form. It’s totally free with no strings attached, so what are you waiting for!