Blogging Tulsa Real Estate: Wow! VA Borrowers Can Apply for Loans Before Having Their Certificates of Eligibility

Wow! VA Borrowers Can Apply for Loans Before Having Their Certificates of Eligibility

The VA is now allowing veterans to apply for a loan before they obtain a VA Certificate of Eligibility.  This should streamline the loan process.

According to NAR's Daily Real Estate News (9/22/08) the U.S. Department of Veterans Affairs has made it possible for lenders to access the VA web portal in order to get veteran's applying for VA loans approved within 24 hours using the VA's online Automated Certificate of Eligibility (ACE) system.

According to the same article, applications for VA loans increased by a rate of more than 31% over this same period last year, guaranteeing more than 162,000 home loans this year for eligible veterans, service employees, and surviving spouses.

What's more, VA loans still can be obtained without a down payment.

A VA loan is a wonderful option for borrowers in a tight market.

 

Debbie Solano, CRS, ABR, CDPE, CHMS, e-PRO, GRI, REOS, SRES
Coldwell Banker Select, Realtors -- Land & Ranch Division
4408 S. Harvard Avenue
Tulsa, OK  74135

Office:  918-712-4473

Cell:  918-724-8201

FAX:  918-712-4310

 

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Comment balloon 2 commentsDebbie Durkee • September 23 2008 02:43AM

Comments

I hadn't heard this and what a great thing for Vets! I am going to send this out in my next mailer.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Posted by Respect Realty LLC, Brokers - Oregon / SW Washington Real Estate (Respect Realty LLC) about 10 years ago

Todd,

That's a great idea!  Thank you for your comment.

Posted by Debbie Durkee, ALC, CRS -- Land & Country Estates near Tulsa (Coldwell Banker Select, Realtors -- Tulsa, Oklahoma) almost 10 years ago

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