how to apply for a va loan online
TRANSCRIPT
![Page 1: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/1.jpg)
HOW TO APPLY FOR A VA LOAN ONLINE
![Page 2: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/2.jpg)
![Page 3: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/3.jpg)
Home ownership is a big step and can be a daunting process for anyone. With the assistance of the VA home loan programs, though, you can simplify the process and make your dream home a reality.
![Page 4: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/4.jpg)
There are three different types of VA loans offered, each with specific eligibility criteria. However, you can obtain the information you need and apply online quickly and efficiently.
![Page 5: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/5.jpg)
HOW DO VA LOANS WORK?
![Page 6: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/6.jpg)
A VA loan is a home loan that is backed by the department of Veterans Affairs (VA) for individuals who have served or are presently serving in the military.
![Page 7: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/7.jpg)
The VA does not provide money for the loans; however, it backs loans made by private lenders to veterans, active military personnel and surviving military spouses who meet the eligibility requirements.
![Page 8: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/8.jpg)
There are three types of VA loans available: Purchase
loans. Cash-out refinance loans. Interest-rate-reduction refinance loans.
![Page 9: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/9.jpg)
While there are a number of different benefits to the VA loan program, one of the greatest advantages is that no down payment is required to purchase a home.
![Page 10: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/10.jpg)
This qualification alone can make home ownership possible for active military personnel or veterans who might not otherwise be able to afford it.
![Page 11: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/11.jpg)
WHO QUALIFIES FOR VA LOANS?
![Page 12: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/12.jpg)
The VA home loan program was created to serve active military personnel, veterans and surviving spouses.
![Page 13: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/13.jpg)
Individuals who can benefit from the program include:
Veterans. Active-duty service
members. Reserve members. National Guard members. Some surviving spouses.
![Page 14: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/14.jpg)
To be eligible, individuals must have:
Suitable credit. Sufficient income. Valid
Certificate of Eligibility.
![Page 15: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/15.jpg)
Additionally, individuals who take advantage of the program must use the purchased home for their own personal occupancy.
![Page 16: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/16.jpg)
HOW DO YOU OBTAIN A CERTIFICATE OF ELIGIBILITY?
![Page 17: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/17.jpg)
Once you have determined that you are eligible, you’ll need to obtain a valid Certificate of Eligibility or COE.
![Page 18: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/18.jpg)
This certificate verifies that you indeed are eligible for a VA-backed loan. To attain the COE, you will need to submit the evidence required to verify your eligibility.
![Page 19: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/19.jpg)
The exact evidence varies depending upon the nature of your eligibility; however, most require some combination of the following:
![Page 20: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/20.jpg)
DD Form 214 that includes:
• Character of service• Reason for separation
(Veterans and current/former National Guard or Reserve members who have been activated to Federal active service)
![Page 21: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/21.jpg)
Current statement of service that is signed by the appropriate personnel and shows:
• Individual’s full name• Social Security Number
• Date of birth• Entry date of active duty• Duration of any lost time• Name of the command providing
information (Active Duty Service Members)
![Page 22: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/22.jpg)
Current statement of service that is signed by the appropriate personnel and shows:
• Individual’s full name• Social Security Number
• Date of birth• Entry date of active duty• Total number of creditable years of service
![Page 23: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/23.jpg)
• Total number of creditable years of service.
• Duration of any lost time• Name of the command providing
information(Current National Guard or Reserve member who has never been on Federal active service).
![Page 24: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/24.jpg)
To apply for a COE online, you’ll simply need to go to the VA eBenefits portal.If you already have login credentials, you’ll simply click the login box.
![Page 25: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/25.jpg)
If you need credentials, select the register box and follow the prompts on the screen.
![Page 26: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/26.jpg)
For assistance, you can contact the eBenefits Help Desk at 1-800-983-0937 Monday through Friday from 8am to 8pm EST.
![Page 27: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/27.jpg)
HOW DO YOU APPLY FOR A VA LOAN ONLINE?
![Page 28: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/28.jpg)
Once you have determined your eligibility and applied for your COE, you can apply for your loan online very simply. Access your preferred lenders site and complete the online pre-approval process.
![Page 29: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/29.jpg)
To do so, you’ll need some important information, including:
• Social Security Number
• Property information• Income details
![Page 30: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/30.jpg)
After supplying the requested information, you simply submit the application, and the lender will contact you with any further questions.
![Page 31: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/31.jpg)
Purchasing a home is a major undertaking; however, the VA loan program simplifies the process for military personnel and makes home ownership possible for many who otherwise would not have the opportunity to purchase their own homes.
![Page 32: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/32.jpg)
Mortgage Originator Jimmy Vercellino, specializing in VA loans, helps veterans use their VA loan benefit to their greatest advantage.
![Page 33: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/33.jpg)
Be a proud homeowner today. For more details call 480-351-5904 or visit the site www.valoansforvets.com
![Page 34: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/34.jpg)
VA Loans for Vets7702 E. Doubletree Ranch Road, Suite 220Scottsdale, AZ 85258Phone: (480) 351-5904Email: [email protected]
![Page 35: How To Apply For A VA Loan Online](https://reader036.vdocuments.us/reader036/viewer/2022062316/58759f931a28ab6d198b6291/html5/thumbnails/35.jpg)