VA Loan Prequalification: Basic Steps and What to Expect
VA Loan Prequalification: Basic Steps and What to Expect
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1️⃣ Talk to a lender and start the prequalification process (if financing). Understand the $$ I need to put down, what my borrowing power is, and estimate monthly payments at current interest rates. 2️⃣ Find land if I don't already own the property I want to build on. Identify the area I want to buy in, or specific parcel. Research necessary site improvements (road? avg well depths? gravity septic vs engineered? how far power needs trenched in? clearing a build pad?) This has major impact on cos
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1.6K views · 16 reactions | Find out the difference between prequalification and preapproval, and why you should consider them as part of your loan process. Don't forget to explore our YouTube channel for additional episodes of Home School. ➡️ https://bit.ly/4aWTEcR | loanDepot | Facebook
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