Friday, April 2, 2010

Attaining A VA Mortgage In Seattle - 3 Easy Steps

Having been raised in a VA home myself, I am able to look back and see first-hand how my parents were able to enjoy the benefits of home ownership using their VA benefits. In my opinion, I enjoy writing VA Home Loans more than any other loan program available. It is my honor when I get the opportunity to help U.S. veterans and their family purchase a home together. Providing the utmost care and service during the home loan process is the least I can do to say, "Thank You" to our U.S. Veterans.

Some benefits of using the VA Home Loan Program are:
(1) Zero Down Option
(2) No Monthly Mortgage Insurance
(3) 620 Minimum Credit Score
(4) Reasonable Underwriting Decisions

5 Easy Steps To A VA Home Loan
1. Apply for a Certificate of Eligibility (See below on how to attain your VA Form 26-1880)
2. Fax Dan a copy of your DD214
3. Get VA Pre-Approved With Dan Keller.
4. Contact your realtor to begin looking at homes in your price range(if you do not have an agent, I would be happy to refer a great VA agent).
5. Order an appraisal from VA. (this is done by Dan Keller)
6. Close the loan and you move into your new HOME!

Items Needed For Dan To Process Your Loan Application
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 #'s and balances on all checking and savings accounts
6. Names, addresses, account #'s, 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 DD214, (for veterans only)
10. W2’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, the Dept. of VA is requiring the homebuyer to purchase the appraisal and credit report in outside of working with the bank/Dan Keller, so be prepared to pay for a credit report and appraisal of the property. Though the process can involve a lot of paperwork, it is important to know that me and my team are equipped to take ALL of the stress and headaches out of this process, so let us assist you as much as we can. So sit back, relax, and let us take care of you! Because in the end, this is not just a house, it’s your HOME. Welcome HOME!

How To Request A Copy of Your Certificate of Eligibility and DD214

To Request A Copy of Your VA Certificate of Eligibility:
Complete a VA Form 26-1880, - *form is attached
Request for a Certificate of Eligibility: You can apply for a Certificate of Eligibility by submitting a completed VA Form 26-1880, Request For A Certificate of Eligibility For Home Loan Benefits, to the Winston-Salem Eligibility Center, along with proof of military service . In some cases it may be possible for VA to establish eligibility without your proof of service. However, to avoid any possible delays, it's best to provide such evidence

VA Eligibility Center Address and Telephone Number
Please send your request for determination of Eligibility (VA Form 26-1880, along with proof of military service) to:
VA Loan Eligibility Center
PO Box 20729
Winston-Salem, NC 27120

For overnight delivery:
VA Loan Eligibility Center
251 N. Main Street
Winston-Salem, NC 27155
Toll free number: 1-888-244-6711

You Need A Copy of Your DD214 To Proceed...
If it is missing - Here's how you request a copy: DD214 Request Form
Your DD214 form is required in order to obtain your certificate of eligibility for a VA mortgage loan. If you have misplaced your original DD214 form you can request another copy by completing and submitting Form SF 180 "Request Pertaining To Military Records." The DD214 Request Form is attached.

You can also request dd214 duplicate copies by using the VA fax on demand system. Just dial 301-837-0990 from a fax machine. Follow the voice instructions and when prompted for the document number enter 2255.

To request a copy of your DD214 form by mail write to:
The National Personnel Records Center
9700 Page Avenue
St. Louis, MO 63132

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