The prequalification course of is definitely fairly easy. This 10-minute dialog with a Veteran borrower helps the lender assess the borrower’s credit score eligibility and helps the borrower examine charges between lenders. You’ll be requested questions on your credit score historical past, employment and different monetary elements.
Mortgage skilled Barby Wulff prepares you for the prequalification cellphone name and what to do in case you get held up on the prequalification course of.
Time Stamps
0:16 – Conversation with a Loan Officer
0:39 – Hard Credit Inquiry
1:06 – Credit Score Benchmarks
1:33 – Debt-to-Income Ratio
2:02 – How to Repair Your Credit
3:14 – Preapproval
Watch your complete VA Loan Guide to Homebuying right here:
For extra on beginning the VA mortgage course of:
For extra VA mortgage suggestions, observe us on:
Facebook:
Twitter:
Instagram:
TikTok:
#VeteransUnited #VALoan #Homebuying
VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203
Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA authorized
lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any authorities company.
Licensed in all 50 states. For state licensing info, please go to www.veteransunited.com/Licenses.
Equal Opportunity Lender
source
