Timeline of Events
Steps to Owning a Radom, 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 Radom, 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 Radom, 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 Radom 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 Radom 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 Radom, 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 Radom, 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 Radom home.

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    Radom ([ˈradɔm] (listen); Yiddish: ראָדעם‎ Rodem) is a city in east-central Poland, located 100 kilometres (62 miles) south of Poland’s capital, Warsaw, on the Mleczna River, in (as of 1999) the Masovian Voivodeship, having previously been the capital of Radom Voivodeship (1975–1998). Despite being part of the Masovian Voivodeship, the city historically belongs to Lesser Poland. For centuries, Radom was part of the Sandomierz Voivodeship of the Kingdom of Poland and the later Polish-Lithuanian Commonwealth. It was an important center of administration, having served as seat of the Crown Council. The Pact of Vilnius and Radom was signed there in 1401, and the Nihil novi and Łaski’s Statute were adopted by the Sejm at Radom’s Royal Castle in 1505. In 1976, it was a center of anti Communist street protests. Radom is the fourteenth-largest city in Poland and the second-largest in the voivodeship with a population of 213,029 as of 2018, down from 221,066 in 2011.[1]

    The city is home to the biennial Radom Air Show, the largest and best-attended air show in Poland, held during the last weekend of August. “Radom” is also the popular unofficial name for a semiautomatic 9 mm Para pistol of Polish design (the Model 35/ViS-35) which was produced from 1935 to 1944 at the national arsenal located in the city, under the directorship of Kazimierz Ołdakowski, after whom a square in Radom is named. The Łucznik Arms Factory (still located in Radom) continues to produce modern military firearms.