what to expect while va streamline being processed
TRANSCRIPT
![Page 1: What to Expect while VA Streamline being Processed](https://reader035.vdocuments.us/reader035/viewer/2022081604/58a001681a28abd40b8b4fa3/html5/thumbnails/1.jpg)
What to expect now that your VA Streamline is in
processing
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Your loan is in processing now what? (5-10 days avg)
• Disclosures (state and federal)• Request Payoff amount• Order title search and insurance• Get Tax Information• Look at Insurance coverage• Contact the VA• Other misc. details
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• VA IRRRLS have very little denial rate at this time (minimal underwriting occurs)
• Do you still meet VA guidelines?• Will the VA guarantee your loan?• You will get a Closing Disclosure or CD
to review and ask questions
After Processing is Underwritng? (3-5 days avg.)
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• You will be contacted to schedule your closing time and place
• Ask any last questions or review of the Closing Disclosure or CD
• We will come to your home to close
Your Loan Gets Cleared for Closing (1-3 days)
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• You have time to relax, think, ask more questions
• After 3 business days your right to cancel expires and you are all done!
• Congratulations! Now enjoy those savings
You Closed now what? Rescission period (3 business days)
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• Many VARIABLES that we cannot control• Timelines mentioned are estimates only• We lock loans for long enough time to
avoid misunderstanding and lost locks and rates
• You have a lot of influence• Patience is helpful when needed• We are working as hard as we can for
you, if you get frustrated call, email, text.
Important Facts to Consider
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