FREE CONSULTATION
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MORTGAGE CALCULATORS
Find ways in which you can save money. I figure your payments, find out if you should rent or buy, etc. |
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PREQUALIFICATION
Find out if you can afford that dream home you always wanted. Fill out or short form and one of our professional Loan Consultants will be in contact with you to find the best program to fit your needs. |
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TMBA IN THE NEWS
FREE CONSULTATION
Have one of the professional loan consultants from The Mortgage Bank of Arkansas help you find the best loan to fit your financial needs.
|
| >> more info |
| |
MORTGAGE CALCULATORS
Find ways in which you can save money. I figure your payments, find out if you should rent or buy, etc. |
| >> more info |
| |
PREQUALIFICATION
Find out if you can afford that dream home you always wanted. Fill out or short form and one of our professional Loan Consultants will be in contact with you to find the best program to fit your needs. |
| >> more info |
TMBA IN THE NEWS
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5 Steps to a VA Loan
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- Apply for a Certificate of EligibilityA veteran who doesn't have a certificate can obtain one easily by completing VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits and submitting it to one of the Eligibility Centers with copies of your most recent discharge or separation papers covering active military duty since September 16, 1940, which show active duty dates and type of discharge.
- Decide on a home to buy and sign a purchase agreement
- Order an appraisal from VA. (Usually this is done by the lender.) Most VA regional offices offer a "speed up" telephone appraisal system. Call the local VA office for details.
- Apply for a VA loan.
While the appraisal is being done, the lender (mortgage company, savings and loan, bank, etc.) can be gathering credit and income information. If the lender is authorized by VA to do automatic processing, upon receipt of the VA or LAPP appraised value determination, the loan can be approved and closed without waiting for VA's review of the credit application. For loans that must first be approved by VA, the lender will send the application to the local VA office, which will notify the lender of its decision.
- Close the loan and move in.
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