Timeline of Events
Steps to Owning a Merino, CO 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 Merino, Colorado 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 Merino, CO. 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 Merino 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 Merino 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 Merino, CO  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 Merino, CO.

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 Merino home.

Get the Best Merino, CO VA Mortgage Rate

I’m Confident and Ready to Start My Online Application.

If you’re looking for a personal Merino VA mortgage experience you’ve come to the right place.  Get the best of both worlds with a designated VA professional plus technology.  What’s even better are the lower rates, no upfront fees and fast closings.  Rates so low the nations largest VA lenders panic when consumers find out about our Merino, CO VA Mortgage Rates.

Connect with your personal VA Loan Expert by calling 888-208-9797.

Get my VA Rate!

    Once this form is completed, a local VA mortgage consultant will be reaching out to you. You will receive an instant email with the credentials of your VA consultant with contact information and a photo. We look forward to assisting you with your home buying or refinancing needs.

    Safe, Secure, No Obligation

    5 Star Rankings Since 1997
    Call the VA Question and Pre-Approval Hotline

    1-888-767-0554

    Get the Steps to Merino, Colorado VA Home Ownership.

    A VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.

    The Merino is one of the most historically relevant and economically influential breeds of sheep, much prized for its wool. The origins of the breed are the subject of debate, with alternatives of it originating in flocks transferred from Morocco as early as the 12th century, originating and being improved in Extremadura in southwestern Spain, in the 12th and 13th centuries or from the selective crossbreeding of Spanish ewes with imported rams at several different periods. It was instrumental in the economic development of 15th and 16th century Spain, which initially held a monopoly on the trade in its wool. Since the end of the 18th century, the breed was further refined in New Zealand and Australia, giving rise to the modern Merino.

    Today, Merinos are still regarded as having some of the finest and softest wool of any sheep. Poll Merinos have no horns (or very small stubs, known as scurs), and horned Merino rams have long, spiral horns which grow close to the head.[1]