Start Preparing In Advance For Your VA Loan in Phoenix Whether you’re a current or former member of the military, you know that preparation is essential when facing a new duty station or are retiring. Preparation skills are especially useful when financing a home with a VA loan. Being prepared to buy can eliminate or at least greatly reduce the stress of the home buying process. You never know when those added expenses may creep up. A plan is the best way of preventing this from happening! While there is no down payment required for a VA loan, there may be uncovered closing costs that you need to be aware of. So you’ll want to start preparing by tightening your budget. Once you’ve established a budget for buying a home, stick with it, even after you have moved in. In addition to the above, part of your preparation will involve checking your credit score. You’ll want to keep yours above 620 which is the minimum allowed by the VA. If you have credit card debt, start paying that down and avoid making any large purchases (e.g. cars, furniture, etc.). Furthermore, get your COE (Certificate of Eligibility) and all required VA documents including bank statements, tax returns, and W-2”s. https://www.google.com/maps?cid=6744959272592205627 Learn morefrom https://local.google.com/place?id=6744959272592205627&use=posts&lpsid=CIHM0ogKEICAgIC2o8XRaQ
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About UsDesert Springs Mortgage, LLC is a mortgage lending company in Phoenix that is dedicated to making the mortgage borrowing process easier for anyone looking for ways to finance the purchase of a new home. We have a team of experienced loan originators and processors that will guide you through the whole application process from start to finish. They will also give you advice on what loan products best suits your situation and ambitions. Aside from that, we also help with loan refinancing where we can adjust the terms of your loan to suit current market conditions. For more information, give us a call today on (623) 432-1309. ArchivesNo Archives Categories |