After answering all of the questions, create an online account with an email and password. Then, verify the information you’ve submitted. From there, be prepared to answer a few more questions about your household (ex. if you have dependents), how long you’ve served, your pay grade, and so forth.
Based on your initial application, you’ll be given a quote that includes a few loan options – VA and non-VA. The quote will include general loan information, but it won’t specify things like the APR or repayment terms. To get this information, check out Veterans United’s rates page for their current rates. Or, reach out to a loan specialist and ask what you qualify for based on the preliminary application.
For borrowers who want to continue with the process, be prepared to submit additional information relating to your finances, identification, etc. Before being approved for funding, Veterans United will run a hard inquiry into your credit report.
It typically takes 40 to 50 days to close on a VA loan, provided everything is in order with the application and documents.