Getting a VA Preapproval Letter allows you and your real estate agent to shop with more confidence. Preliminary incomes, assets, and ratios are verified by a licensed loan officer.
Preapproval Letters are often required as part of the offer package on listings. The letter is good for 90 days. The listing agent on occasion will verify "how preapproved is the buyer?" by calling the loan officer who issued it, before accepting the offer.
A step above a standard Preapproval Letter is one issued by an Underwriter. This is available upon request. Please note that we have over 200+ wholesale lenders, not all of them offer the service..