Veteran military or active military personnel in California are eligible to get VA loan in California for the purpose of purchasing new home or refinancing the existing home. The VA loan program is completely different from conventional home loan. Only veteran and on duty military personnel can have the advantage of taking VA loan with zero down payment. Even they do not have to own any monthly mortgage insurance plan to show. But, the question is how much time you need to wait to get a VA loan appraisal? The procedure of VA appraisal depends on certain criteria and a VA loan borrower has to meet the basic criteria to get the VA loan approved as early as possible.
Facts to Consider Getting VA Loan Faster
Normally, there is no such difference between the closing time of VA loan and general loan. Still, VA loans take more time to be closed because of some basic factors. When you are thinking to take VA loan to purchase a brand new home or refurbish your existing one, and want your VA loan to be approved soon, you will have to get preapproval certificate from your buyer. Preapproval will shorten the time limit of VA loans and appraisals process. You and your buyer have to agree on a certain closing date that you can request your lender to start the appraisal procedure.
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