You answered the Call to Protect & Serve; NOW it's our turn to Serve You!
What is a VA Guaranteed Loan?
A VA Loan can be used to:
Buy a Home as a Primary Residence
Refinance an Existing Loan
All with 100% Financing
Why Use Your Benefits?
ZERO Down Payment
Zero Mortgage Insurance
Zero Pre Payment
Equal Opportunity for all Qualified Veterans
VA limits closing costs
Can be assumed on sale
One time funding fee that can be included in the loan
Boot Camp Legend
Thinking about Joining the Military (Pre-Approval):
Quick profile form submit preliminary documents and schedule consulation.
Review your Branch of Service Options (Find a Home):
Assess your wants & needs, then let your realtor help you find the perfect home.
Choose your Branch of Service Options (Make an Offer):
Offer Accepted/Sign Binder, schedule inspection & send inspection report to your RE Attorney.
Commit to Service (Contract):
Review & Sign your Contract of Sale with your RE Attorney.
MOS Options (Application Process):
Gather remaining documents with completed and executed loan forms & disclosures. Recieved fully executed sales contract from seller. The loan submitted to the processing department.
Off to Boot Camp (Appraisal Report Ordered):
Ordered within 48 hours of contract, appraisal inspection and report are completed within 5 days.
Learning the Ropes/Routine (Processing):
Receive & Reviewed; Processor updates you of outstanding conditions pending loan approval.
Military Education (Appraisal Report In):
Received & Reviewed; Processor updates you of outstanding conditions pending loan approval.
Rigorous PT Schedules (Underwriting):
Processor submits file to underwriting department for final review & commitment letter. Commitment letter issued & sent to you and your attorney for review.
Working as a Team (Title Report):
Your attorney submits the title report to the bank attorney for review and clearance.
Weapons Training (Clear to Close):
Copy of appraisal & Mortgagee Clause provided to you to secure homeowners insurance.
Endurance Training (Clear to Close):
Submit all closing conditions noted on commitment letter for final clearance.
Camaraderie (Schedule a Closing):
You & your attorney are notified that the loan is clear to close. A date is scheduled by the attorneys and bank.
Confidence (Final Walk Thru):
Borrower to do a final walk-through of the property to approve condition of the house prior to signing the closing documents.
All parties sign closing docs with the bank attorney. Certified check instructions provided 24 hours prior.
New Duty Station/New LIFE Begins HERE! (Post Closing):
Grieve your Property Taxes and Apply for STAR (The New York State School Tax Relief Program).