A VA loan is a type of mortgage offered to military veterans by the U.S. Department of Veterans Affairs. They are designed to help military members and their families buy a home as long as they meet certain eligibility requirements. Since the program began in 1944, the VA has guaranteed more than 20 million mortgage loans for veterans and their families. Applying for a VA loan is very similar to a conventional loan obtained through Fannie Mae assuming a candidate meets all qualifications. There is no minimum credit score for a VA loan, however, most lenders require at least 620.
Why refinance my Boca Raton mortgage?
In order to apply for a VA loan, you must have the following:
- Copies of your complete tax returns and W2 forms (if issued) for the past two years (if self employed, the two years of business returns as well)
- Asset Documentation (checking/savings accounts, investments, trust funds)
- Proper DD 214 discharge paperwork
- Copies of most recent pay stubs
Like anything with the VA, there is plenty of paperwork involved in securing a VA loan. The home loan experts at Ace Mortgage Loan Corporation can assist you will obtaining a VA loan in any way possible. We can help prepare the paperwork and make sure you have everything you need so your loan is not rejected. For more information about qualifying for a VA loan, call Ace Mortgage Loan Corporation today!
Are you ready to lock down your ideal mortgage?
Ace Mortgage Loan Corporation provides quality mortgage services to the people of Broward and Palm Beach Counties. Call us today at (954) 777-4774 to get started!