How long does it take to get approved for a VA loan? How hard is it to get approved?

Asked by sdelgado517, Fort Benning, GA Tue Jan 8, 2013

I will be moving to Fort Benning in September and I would like to buy a house.

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Tue Jan 8, 2013
The answers to those questions depends heavily on the borrower. Those borrowers with credit issues or other challenges will take longer than someone without those problems.

Generally, you should allow 30-45 days for your closing from the time a complete file has been submitted to Processing. With a VA mortgage, VA requires that their appraisers be given 10 days to complete the report.

Getting Pre-Qualified prior to beginning the home search is critical. To do this, you would need to submit a Pre-Qualification request along with your financial documentation. The following documentation will be needed:

• Two most recent years of W’2’s/income 1099’s
• Two most recent years of Federal Income Tax returns
• Two most recent pay stubs
• Two most recent months of bank statements (all pages)

A loan officer who does not ask for and properly reviews all of the above documentation is doing no service to you and may not be very experienced. Experienced loan officers know that many issues come to light only once the actual documentation has been reviewed.

A Pre-Qualification is valid for 90 days from the date that the credit report has been pulled. At the time of closing, most documents (i.e. credit report, income/asset documentation, appraisal, etc.). Should anything be older than 90 days, an update will be required. For credit, this is simply the loan officer obtaining a new credit report.

As one of the largest direct lenders in the country, Prospect Mortgage offers one of the largest selections of loan programs available. In addition to the standard conventional, FHA, VA, USDA, and Jumbo, we also offer a wide range on Renovation loan programs. Our Renovation programs include FHA 203K (Streamline & Consultant), HomePath Renovation, and HomeStyle Renovation. In addition, we also have an FHA 580-639 FICO program for borrower with previous credit issues.

Since you indicated that you are relocating, your current and future employment will play a large role in the timing.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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2 votes
My lender is trying to steer me away from a Va loan. I was in the guard for 6 years so I should qualify if my credit score and debt to income ratio are good. Do lenders make less money on Va loans or they don't want to go thru the red tape of the process or what would be the reason that he doesn't want to do a Va loan for me.
Flag Tue Nov 10, 2015
Regina Palmer, Agent, Columbus, GA
Tue Jan 8, 2013
Hi Mr. Delgado,
Depending on your credit and other factors. The mortgage lender will ask specific questions and ask for documentation. As far as knowing if you are pre-qualified for a VA loan, it is a pretty simple process. The mortgage lender should be contacting you today.
1 vote
Janet Hill, Agent, COLUMBUS, GA
Mon Jan 21, 2013
It is really not hard to get a VA loan. First, you will need to get with a lender (I can recommend several) to get preapproved. You will have to have a 620 credit score. Once approved and you have a contract written and accepted on a property, the loan process can take 30-45 days. Contact me for a few lenders' names and get started! I look forward to hearing from you!
0 votes
Do lenders make less money on Va loans on property is that why some are reluctant to go with a VA loan or is it to much red tape for them.
Flag Tue Nov 10, 2015
Zach Jiles, Agent, Columbus, GA
Tue Jan 8, 2013
It is a fairly quick and painless process. Essentially all you need is a 620+ credit score and the right income to debt ratios. The best approach is to go ahead and contact a mortgage lender (I'd be happy to recommend a few great ones here locally) and describe your VA loan needs and let them walk you through the process. Most should be able to take your application and info over the phone or through email and they are usually able to have you pre-approved very quickly (aasuming you meet the requirements). Please feel free to contact me anytime at 706-358-3266 to discuss your home buying needs. Thanks! Zach
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Tue Jan 8, 2013
The question is hard to answer because all loans go through a process where a loan officer gathers documents and papers to give to the lenders underwriter for approval. The speed and completeness of your delivering those to your loan officer will speed up or slow down the process. Normally it will take 40-60 days from application to full loan approval (which is not pre-qualification ). There are steps in the process that must be done, appraisal, va inspections, survey and like that take time and need to be done before approval can be given.
0 votes
Davidson Sau…, Agent, Columbus, GA
Tue Jan 8, 2013
IT is a sinple process with the right lender. I can get you connected with a one of three lenders over the phone today that can get you pre-qualified within 20 minutes.

Gerald Saunders
Keller Williams Realty River Cities
(w) 706.221.6900
(f) 706.221.6990
Cell 706.577.8562 - please call my direct line.
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