The prequalification process is actually pretty simple. This 10-minute conversation with a Veteran borrower helps the lender assess the borrower's credit eligibility and helps the borrower compare rates between lenders. You'll be asked questions about your credit history, employment and other financial factors.

Mortgage expert Barby Wulff prepares you for the prequalification phone call and what to do if you get held up at the prequalification process.

Time Stamps
0:16 - Conversation with a Loan Officer
0:39 - Hard Credit Inquiry
1:06 - Credit Score Benchmarks
1:33 - Debt-to-Income Ratio
2:02 - How to Repair Your Credit
3:14 - Preapproval

Watch the entire VA Loan Guide to Homebuying here:    • Everything About VA Loans: A Guide to...  

For more on starting the VA loan process: https://www.veteransunited.com/education

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VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203
Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA approved
lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses.
Equal Opportunity Lender