VA Home Loan Program Facts Checklist    

SEE       http://www.valoans.com/va _facts _checklist.cfm 3/19/2008

VA MORTGAGE CHECKLIST

Before you start the loan process, you'll need to have some information

at hand for all loan applicants:

1. Social Security numbers

2. Residence addresses for the past two years

3. Names and addresses of your employers over past two years

4. Your current gross monthly salary

5. Names, addresses, account numbers and balances on all

checking and savings accounts

6. Names, addresses, account numbers, balances and monthly

payments on all open loans

7. Addresses and loan information of other real estate owned

8. Estimated value of furniture and personal property

,9. Certificate of Eligibility and 00214, (for veterans only)

10. \N2's for the past two years and current check stubs

11. For self-employed individuals, you will need to provide personal

tax returns for the past two years, current income statement and

balance sheet for the business

In addition, you will need to pay for a credit report and appraisal of the

property.

See the VA website at http://www.valoans.com/va _facts _checklist.cfm 3/19/2008

L+\ What is a VA loan?

 VA lending Limits

VA loan ClosingCosJs

 Debt to Income Ratios

'VA Funding Fee

 VA Credit Issues

 The law on Occupancy

 Co-signors or Joint loans

Your VA loan Checklist

iVA Loan Super Max Program

FREQUENTLY ASKED QUESTION # 31 [-mQreVA LQan questions- ]

Q: VA Homebuyer's Help? - What sort of advantages or help does the VA

offer in the homebuying process?

A: When applying for a VA home loan there are some advantages to having

the VA on your side during the home buying process. Did you know that VA

loans offer limitations on closing costs? The VA also offers leniency to

qualified VA borrowers who are having temporary financial problems. Other

benefits of a VA home loan include long terms of repayment, prepayment

rights (with certain guidelines) and under the right conditions, no

downpayment required. You are also entitled to get an accurate assessment

of the reasonable property value of your proposed purchase. These are just a

handful of the added benefits of applying for a VA home loan.

http://www.valoans.com/va _facts _checklist.cfm 3/19/2008