How to Get Preapproved for a VA Home Loan

For veterans and active-duty service members, securing a home loan is made more accessible and affordable through the Department of Veterans Affairs (VA) home loan program. One crucial step in the homebuying journey is getting preapproved for a VA home loan. This process not only helps you understand your purchasing power but also demonstrates your commitment to sellers, making you a more attractive buyer. In this article, we’ll provide a comprehensive guide on how to get preapproved for a VA home loan.

Verify Your Eligibility

Before starting the preapproval process, ensure you are eligible for a VA home loan. VA loan eligibility is typically based on factors such as your service history, discharge status, and the length of service. You can check your eligibility through the VA’s official website or by contacting your nearest VA Regional Loan Center.

  1. Gather Required Documents

To initiate the preapproval process, you’ll need to collect essential documents that demonstrate your financial stability and eligibility. These documents may include:

  • Certificate of Eligibility (COE): A document that confirms your VA loan eligibility. You can obtain your COE through the VA’s eBenefits portal or ask your lender for assistance.
  • Proof of Income: Recent pay stubs, W-2 forms, and tax returns.
  • Employment History: Information about your current and past employers.
  • Credit History: While the lender will pull your credit report, it’s beneficial to have a copy for your records.
  • Bank Statements: Documentation of your assets, including savings and checking accounts.
  1. Find a VA-Approved Lender

To proceed with your VA home loan preapproval, you’ll need to partner with a lender approved by the VA to originate VA loans. Many traditional financial institutions, including banks and credit unions, are VA-approved lenders. You can check the VA’s website for a list of approved lenders in your area.

  1. Prequalification vs. Preapproval

It’s essential to distinguish between prequalification and preapproval. Prequalification provides a rough estimate of how much you may be able to borrow based on basic financial information. However, preapproval is a more comprehensive and official process. To obtain preapproval, reach out to your chosen VA-approved lender and express your intention to apply for a VA home loan preapproval.

  1. Complete a Loan Application

Your lender will provide you with a loan application to complete. Be prepared to provide detailed information about your financial status, employment history, and personal background. Accurate and complete information is essential to streamline the preapproval process.

  1. Credit Check and Document Review

Your lender will conduct a credit check and review your financial documents to evaluate your creditworthiness and ability to repay the loan. A good credit history is vital, but VA loans tend to have more flexible credit requirements than conventional loans.

  1. Verification of Certificate of Eligibility

Your lender will verify your Certificate of Eligibility (COE) to confirm your eligibility for a VA loan. The COE serves as evidence that you are qualified to participate in the VA home loan program.

  1. Underwriting and Preapproval

Once your lender has gathered all the necessary information, their underwriter will review your application and documents. If you meet the criteria, you will receive a preapproval letter. This letter specifies the maximum loan amount for which you are preapproved.

  1. Shop for Homes

With your preapproval letter in hand, you can confidently start searching for homes within your budget. Sellers often view preapproved buyers more favorably, as they are seen as serious and well-qualified purchasers.

  1. Secure a Home Purchase Contract

When you find a home you wish to purchase, work with a real estate agent to negotiate a purchase contract. Include a condition in the contract stating that the sale is contingent on securing financing through a VA home loan.


Getting preapproved for a VA home loan is a crucial step in the homebuying process for veterans and active-duty service members. It empowers you to make informed decisions about your home purchase, and it assures sellers that you are a credible and committed buyer. By following this comprehensive guide and working with a VA-approved lender, you can simplify the preapproval process and move one step closer to realizing your dream of homeownership.

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