What are the steps to buying a home via a va home loan?

We're a military family, and I believe eligible for a VA home loan. We have about 30K in credit card debt, but are hoping to pay it off before applying for the loan. Just wanted some info on what to expect.

What are the steps to buying a home via a va home loan?
Got to get your VA certificate first, then apply like any other mortgage. I wouldn't use a VA home loan if you don't have to. You have to pay a funding fee ontop of your regular closing cost. But good luck.
Reply:Using your VA eligibility is best when purchasing a home. A lot less money is needed than an FHA loan (3% of purchase price) or a Conventional loan (5% of the purchase price is needed).


If you already know that you have a lot of debt you might as well wait til you have some paid off and are closer to buying a home. Only because they will pull your credit.


Once you are ready though go to a bank to see about getting pre-approved. Never use a broker. They charge WAY too much. After you go thru that process they will tell you how much you are eligible for then you can start looking =)


Good luck!!