To help keep the VA home loan process as simple as possible these are some of the documentations you should already have ready and available for your lender. This will help ensure a smooth and speedy process. Whether you’re looking to purchase a brand new home or you’re refinancing your existing home loan you will still need to have some of your basic information ready to go.
VA Streamline Refinance
If you have an existing home loan and are looking to refinance you may want to have your existing mortgage paperwork handy. Also, be sure you have all your contact information for your homeowner’s insurance and of course a Government Issued I.D. and your Social Security Card.
New VA Home Loan
If you’re purchasing a new home make sure you have your purchase contract, your most recent pay stubs for the past month, your last two years W2’s or Tax Returns- if self-employed, earnest money-if needed at closing, proof of source of funds for earnest money, contact information for homeowner’s insurance, Government Issued I.D. and your Social Security Card.
VA Cash-Out Refinance
A VA cash-out refinance loan is a VA backed guaranteed loan that refinances any type of lien or liens against the secured property. The documentation you’ll want to have ready if utilizing this option is, your most recent pay stubs for the past month, your last two years W2’s or Tax Returns-if self-employed, your most recent mortgage statement or current mortgage payoff information, contact information for your homeowners insurance, Government Issued I.D. and your Social Security Card.
