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VA Loan Pre-Approval Process

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VA Loan Pre-Approval Process

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  1. VA Loan Pre-Approval Process When applying for a VA Loan, the pre-approval process is important for determining qualification. The process includes: Preapproval Letter Common Documents Required The mortgage lenders will require documents such as government issued-ID, statement of service, pay stubs, income tax returns, etc. It is an important document as it lists a series of conditions that need to be met in order for the loan to move forward. Credit Score Credit score benchmarks for pre-approval can vary based upon the mortgage lender and other important factors. Income And Employment A stable and reliable income along with a good employment history are accounted for during the VA Loan pre-approval process. Debts Mortgage lenders consider major recurring debts as part of their assessment. They look for a healthy balance between monthly debt and monthly income. 107 W. Hwy. 190 Copperas Cove, TX 76522 254-542-5100 2201 Trimmier Rd. Killeen, TX 76541 254-680-6158 3106 S. WS Young Dr., Bldg. D, Ste. 402 Killeen, TX 76542 254-953-7000 14641 S. Padre Island Dr., Ste. B Corpus Christi, TX 78418 361-949-4647 10961 Gateway Blvd. West, Ste. 200 El Paso, TX 79935 1980 E. Baseline Rd., Ste. 103, Tempe, AZ 85283 915-843-2681 480-752-3110 1320 N. Zaragoza Rd., Ste. 111 El Paso, TX 79936 915-858-1996 7348 W. Adams Ave., Ste. 200 Temple, TX 76502 254-771-0020 201 E. Central Texas Expwy., Ste. 1600 Harker Heights, TX 76548 254-680-6155 100 W. Central Texas Expwy., Ste. 300 Harker Heights, TX 76548 254-690-3765 www.fcmloans4u.com Image Source: Designed by Freepik

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