Timeline of Events
Steps to Owning a Manlius, IL Home with a VA Loan

STEP 1: Pre-Qualify

It’s important to pre-qualify because it helps you know how much of a home you can afford. This is a step that no borrower should skip. It can help you narrow down your search for a home by eliminating the homes you can’t afford, saving you both time and money. Our Manlius, Illinois VA mortgage team can help you prequalify. We will ask you questions about your credit history and income and can even run a quick credit check (with your permission). We will also help you get together the documents that show that you qualify for a VA loan in Manlius, IL. Pre-qualifying doesn’t guarantee approval, but it gives you a good idea of what you can borrow if you are approved. It can also help you identify potential problems with your application and reduce unpleasant surprises.

STEP 2: GET PREAPPROVED

A pre-approval is like pre-qualification, but it takes the process a step further. Pre-approval verifies certain things about your finances. Pay stubs, employment history, tax returns, proof of real estate holdings, and bank and investment statements will be required for this step of the loan process.

  • Bank/investment statements
  • Employment history
  • Pay stubs
  • Proof of real estate holdings
  • Tax returns/W2s

Once all your documentation has been verified, you will receive a pre-approval letter. It will show that you’ve started the process of applying for a Manlius VA loan and will tell how much of a loan you can afford.

STEP 3: FIND A HOME AND MAKE AN OFFER

At this point, it’s time to begin your search for a Manlius home. You should work with a realtor to find a property that’s right for you and within your price range. Once you find the home that’s right for you, you’re ready to make an offer and work on negotiating a contract with the seller. It is essential that your real estate agent is familiar with VA loans in Manlius, IL  and can help you with the contract so that it works to your advantage. Once you’re under contract for a home, your loan officer will order an appraisal for the property. The VA assigns an appraiser to complete the job. Homes have to be move-in ready (with any problems fixed) before the loan closes. The VA has strict guidelines about the condition of homes purchased with a VA loan in Manlius, IL.

STEP 4: UNDERWRITING AND CLOSING At this point, the loan underwriter will verify your financial information and make sure that all the paperwork meets the VA’s guidelines for its loans. Once the loan is approved, you’ll set a closing date to sign the necessary paperwork and move in to your new Manlius home.

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Rates so low the nations largest VA lenders panic when consumers find out about our Manlius, IL VA Mortgage Rates. Connect with your personal VA Loan Expert by calling 888-208-9797.

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    The gens Manlia was one of the oldest and noblest patrician houses at Rome, from the earliest days of the Republic until imperial times. The first of the gens to obtain the consulship was Gnaeus Manlius Cincinnatus, consul in 480 BC, and for nearly five centuries its members frequently held the most important magistracies. Many of them were distinguished statesmen and generals, and a number of prominent individuals under the Empire claimed the illustrious Manlii among their ancestors.[1]

    The Manlii were said to hail from the ancient Latin city of Tusculum. The nomen Manlia may be a patronymic surname, based on the praenomen Manius, presumably the name of an ancestor of the gens.[2] The gens Manilia was derived from the same name, and its members are frequently confused with the Manlii, as are the Mallii.[1] However, Manius was not used by any of the Manlii in historical times. The Manlii were probably numbered amongst the gentes maiores, the greatest of the patrician families. As with many patrician gentes, the Manlii seem to have acquired plebeian branches as well, and one of the family was tribune of the plebs in the time of Cicero. The plebeian Manlii were probably descended from freedmen of the patricians, from members who had gone over to the plebeians, or from unrelated persons who acquired the nomen after obtaining the franchise from one of the Manlii.