VA Home Mortgage Financing

VA Mortgage Information

Qualified Veterans and active duty military can qualify for mortgage loans up to $417,000.00 in the State of North Carolina and South Carolina. Almost every Veteran is eligible for a VA Home Mortgage. The main objective an underwriter has when looking a at VA Mortgage Loan Request is the Veteran's ability to repay the mortgage loan. Credit is secondary. For this reason applying for a VA Mortgage makes sense for any Veteran whether or not you have good or damaged credit. You will get the same low 30 year fixed rate. The VA Loan process is the same as other mortgage loans except that the veteran must receive a Certificate of Eligibility from the VA.

The First Step:

The first step in applying for a VA Mortgage is to obtain your Certificate of Eligibility (COE) form the VA. We can obtain the certificate for you or you can go on line and apply for one at the Official VA Website. It normally takes us a few days to get the COE from the VA. We will need you to fax us or email us a copy of your Discharge Form DD-214. This document is required because the information on it is used to complete the VA Form 26-1880. We also need to attach this form to your request for eligibility Form.

The VA will determine your eligibility for Veteran loans when you submit VA Form 26-1880. If you are qualified, the Department of Veterans Affairs will issue you a Certificate of Eligibility to be used when applying for a VA home loan. The following information is needed to complete the VA Form 26-1880:

Social Security number
Branch of the military in which you serve or served
Service number, separation of service, or statement of service papers
Any previous VA loans that you may have had, including the VA loan number

We will complete the form and submit it online to the VA and attach a copy of your Discharge Form DD-214. When we submit your information on line it usually takes from 3 days to 2 weeks to get your eligibility back. It just depends on how busy the VA is at any one time.

The Second Step:

Once you have your Certificate of Eligibility, the loan process is the same as any other mortgage loan except for a few extra VA Forms/Disclosures that you need to sign and, when a Purchase Contract is executed, we will order an appraisal on the VA Portal Site and the VA will assign an appraiser to appraise your home.

Other Important VA Information:

Information on the VA Funding Fee

Back to First Time Home Buyer Page

1st Metropolitan Mortgage - 4608 Hwy 49 South - Harrisburg, NC 28075
Office Phone: (704) 490-4733 Fax: (704) 454-5660 Cell Phone: 704-796-5440
Toll Free Phone: 1-888-327-8657

We are Licensed in the following states: NC and VA

We can also write FHA, VA and Reverse Mortgage Loans in SC

Click here for Licensing information

PPCBay Web Directory Network

Chapel Hill, NC 27514 Orange Chapel Hill, NC 27515 Orange Chapel Hill, NC 27516 Orange Chapel Hill, NC 27517 Orange Chapel Hill, NC 27599 Orange Charlotte, NC 28200 mecklenburg Charlotte, NC 28201 Mecklenburg Charlotte, NC 28202 Mecklenburg Charlotte, NC 28203 Mecklenburg Charlotte, NC 28204 Mecklenburg Charlotte, NC 28205 Mecklenburg Charlotte, NC 28206 Mecklenburg Charlotte, NC 28207 Mecklenburg Charlotte, NC 28208 Mecklenburg Charlotte, NC 28209 Mecklenburg Charlotte, NC 28210 Mecklenburg Charlotte, NC 28211 Mecklenburg Charlotte, NC 28212 Mecklenburg Charlotte, NC 28213 Mecklenburg Charlotte, NC 28214 Mecklenburg Charlotte, NC 28215 Mecklenburg Charlotte, NC 28216 Mecklenburg Charlotte, NC 28217 Mecklenburg Charlotte, NC 28218 Mecklenburg Charlotte, NC 28219 Mecklenburg Charlotte, NC 28220 Mecklenburg Charlotte, NC 28221 Mecklenburg Charlotte, NC 28222 Mecklenburg Charlotte, NC 28223 Mecklenburg Charlotte, NC 28224 Mecklenburg Charlotte, NC 28225 Mecklenburg Charlotte, NC 28226 Mecklenburg Charlotte, NC 28227 Mecklenburg Charlotte, NC 28228 Mecklenburg Charlotte, NC 28229 Mecklenburg Charlotte, NC 28230 Mecklenburg Charlotte, NC 28230 mecklenburg Charlotte, NC 28231 Mecklenburg Charlotte, NC 28232 Mecklenburg Charlotte, NC 28233 Mecklenburg Charlotte, NC 28234 Mecklenburg Charlotte, NC 28235 Mecklenburg Charlotte, NC 28236 Mecklenburg Charlotte, NC 28237 Mecklenburg Charlotte, NC 28240 Mecklenburg Charlotte, NC 28241 Mecklenburg Charlotte, NC 28242 Mecklenburg Charlotte, NC 28243 Mecklenburg Charlotte, NC 28244 Mecklenburg Charlotte, NC 28245 mecklenburg Charlotte, NC 28246 Mecklenburg Charlotte, NC 28247 Mecklenburg Charlotte, NC 28250 Mecklenburg Charlotte, NC 28253 Mecklenburg Charlotte, NC 28254 Mecklenburg Charlotte, NC 28255 Mecklenburg Charlotte, NC 28256 Mecklenburg Charlotte, NC 28257 mechlenburg Charlotte, NC 28258 Mecklenburg Charlotte, NC 28259 mechlenburg Charlotte, NC 28260 Mecklenburg Charlotte, NC 28261 Mecklenburg Charlotte, NC 28262 Mecklenburg Charlotte, NC 28264 mecklenburg Charlotte, NC 28265 Mecklenburg Charlotte, NC 28266 Mecklenburg Charlotte, NC 28267 mechlenburg Charlotte, NC 28269 Mecklenburg Charlotte, NC 28270 Mecklenburg Charlotte, NC 28271 Mecklenburg Charlotte, NC 28272 Mecklenburg Charlotte, NC 28273 Mecklenburg Charlotte, NC 28274 Mecklenburg Charlotte, NC 28275 Mecklenburg Charlotte, NC 28276 mechlenburg Charlotte, NC 28277 Mecklenburg Charlotte, NC 28278 Mecklenburg Charlotte, NC 28279 mechlenburg Charlotte, NC 28280 Mecklenburg Charlotte, NC 28281 Mecklenburg Charlotte, NC 28282 Mecklenburg Charlotte, NC 28283 Mecklenburg Charlotte, NC 28284 Mecklenburg Charlotte, NC 28285 Mecklenburg Charlotte, NC 28286 Mecklenburg Charlotte, NC 28287 Mecklenburg Charlotte, NC 28288 Mecklenburg Charlotte, NC 28289 Mecklenburg Charlotte, NC 28290 Mecklenburg Charlot

Equal Housing Opportunity