If you qualify for a VA loan, you could purchase a home with zero down in Indianapolis. But mistakes in the application process can result in rejection for a VA mortgage. How can you maximize your chances that you will be approved the first time you apply? Here are some tips.

VA Loan Tips in Indianapolis, IN

1. Figure out if you are eligible. The first step in successfully applying for a VA mortgage loans is to make sure that you are eligible to begin with. The minimum service requirements depend on when you served, and whether it was during peacetime or wartime. A VA mortgage company in Indianapolis which is experienced with these types of loans can review your service record and let you know if you have a chance of qualifying.
2. Check your credit report, correct mistakes, and be cautious with credit use during the process. Next, you should order your free credit report from one of the three major credit bureaus. See if there is any inaccurate information. If there is, submit disputes to have those negative entries removed. As you move forward with the VA mortgage loan application process, avoid taking out other loans or lines of credit.
3. Submit an error-free application. With the help of your Indianapolis VA mortgage loan company, carefully fill out your application, and then go back over it in search of possible errors. Only submit it once you are sure that everything is as accurate as possible.
4. Try to apply at a time when you will not be switching jobs. One thing which can cause hassles and delays with a VA loan application is making a change related to employment. If possible, try not to do this as you wait for approval.
5. Keep documentation handy. Even if you carefully have checked for errors and you are certain that everything is solid when you submit your application, it is still fairly likely that questions will arise and you will need to provide further documentation to prove your eligibility. After submitting your application, keep your documents at the ready. That way, if it is requested that you resubmit anything, or provide anything additional, you will have fewer delays as you do so.

Need Help Applying for a VA Loan?

Applying for a VA mortgage loan can seem complicated, whether you are retired military, active duty, or a surviving spouse. Grandview Lending has helped homebuyers throughout Indianapolis and the surrounding area to apply successfully for VA loans, and can walk you through the process.

Please give us a call at (317) 255-0062 to schedule your consultation. Let’s get you approved for an affordable zero-down VA loan in Indianapolis.