Tracy Sutherland
Tracy Sutherland

Realty One Group
949-283-0726
Home@MissTracy.net
 
Contact Me
   

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VA Approval Requirements

The Veteran Home Loan Guaranty program (click link)  was first instituted in 1944.  The purpose behind the loan program was to ease the adjustment of postwar economic problems for the millions of veterans serving the armed forces.  While there have been some changes to the VA Loan program over the years, the law requires you to meet the following five criteria to obtain a home loan.

  • Applicant must be an eligible veteran with available loan entitlement.
  • The loan has to be used for an eligible purpose as defined by the VA.
  • The home must be occupied or the veteran must intend to occupy the home within a reasonable amount of time after loan closing.
  • The applicant must have a good credit record and not present a credit risk.
  • The income of the veteran must be enough to make the mortgage payments, other associated home costs, living expenses and family support.

Tracy Sutherland
949-283-0726 | Contact Me
23811 Aliso Creek Rd, Ste 181 - Laguna Niguel, CA 92677

110 E. Avenida Palizada, Ste 201 - San Clemente, CA 92672
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