VA Home Loan Preapproval Process

Are you a veteran looking to buy a home? Understanding the VA loan preapproval process is essential for a smooth and successful homebuying journey. By taking the time to get preapproved, you can gain a clear sense of your purchasing power and make competitive offers with confidence.

During the preapproval process, you will need to provide documentation such as credit information, service history, and financial records. This step typically takes minutes to hours, depending on the lender’s requirements. Once you have been preapproved, you can begin your house hunt and find the perfect home.

Key Takeaways:

• VA loan preapproval is the first step in the homebuying process for veterans.
• Preapproval gives you a clear understanding of your purchasing power.
• Prepare documentation such as credit information, service history, and financial records.
• Working with VA-approved lenders can streamline the preapproval process.
• Getting preapproved helps you make competitive offers and navigate the homebuying process with confidence.

The Importance of VA Loan Preapproval

When it comes to purchasing a home with a VA loan, preapproval is an essential step in the process. Preapproval provides buyers with a clear understanding of their financial standing and helps them make strong offers when shopping for their dream home. Let’s explore why preapproval is so important and how it can benefit veterans in the homebuying process.

One of the key reasons why preapproval is crucial is that it demonstrates to sellers and real estate agents that a buyer is serious and financially capable of purchasing a home. With a preapproval letter in hand, buyers can confidently make offers, knowing that their finances have been thoroughly evaluated and approved by a lender. This gives them a competitive edge in a busy real estate market.

Furthermore, preapproval helps buyers accurately assess their purchasing power. By reviewing financial documents such as credit information, income, and service history, lenders can provide buyers with an accurate estimate of the loan amount they qualify for. This prevents potential disappointment and ensures that buyers are looking for homes within their budget.

Why Choose VA Loan Preapproval over Prequalification?

While prequalification is a beneficial step in the homebuying process, preapproval offers a more reliable assessment of a buyer’s eligibility for a VA loan. Prequalification relies on self-reported information and does not involve verifying financial documents. On the other hand, preapproval requires the submission and verification of various documents, ensuring a more accurate assessment of a buyer’s purchasing power.

In conclusion, VA loan preapproval is a crucial step in the homebuying journey for veterans. It provides buyers with a clear understanding of their financial standing, enhances their credibility in the real estate market, and allows them to make informed decisions when searching for their dream home.

Section 3: The VA Loan Preapproval Process

The VA loan preapproval process is an essential step for veterans seeking to secure a home loan. It involves several key stages that help determine eligibility and provide a clear understanding of the borrower’s financial situation. This section will explore the benefits of VA loan preapproval and outline the necessary steps to obtain it.

Benefits of Veteran Home Loan Preapproval

Obtaining preapproval for a veteran home loan offers numerous advantages. Firstly, it provides a realistic assessment of the borrower’s purchasing power. By evaluating financial documents and credit history, lenders can determine the maximum loan amount and interest rate the borrower qualifies for. This information allows veterans to search for homes within their budget, saving time and effort in the process.

Furthermore, having a VA loan preapproval letter demonstrates to sellers and real estate agents that the borrower is a serious buyer with the financial means to make a purchase. In competitive real estate markets, this can give borrowers a significant advantage when making offers on desirable properties. Sellers are more likely to view preapproved buyers favorably, as it reduces the risk of a deal falling through due to financing issues.

The Process of Veteran Home Loan Prequalification

The VA loan preapproval process begins with obtaining the Certificate of Eligibility (COE), which verifies a veteran’s eligibility for the loan. The COE can be acquired online or with the help of a VA-approved lender. Active-duty service members may also need to provide an Active Duty Statement of Service. Once the COE is obtained, the next step is to gather and submit the necessary financial documents to the lender.

Private lenders play a crucial role in the preapproval process as they evaluate the borrower’s financial documents, including income statements, tax returns, and bank statements. The lender will assess the borrower’s creditworthiness, debt-to-income ratio, and overall financial stability to determine their eligibility for the loan. Once the lender successfully reviews and verifies all the required documentation, they will issue a preapproval letter stating the maximum loan amount the borrower qualifies for.

Overall, the VA loan preapproval process is a critical step for veterans looking to purchase a home. It provides a clear understanding of their purchasing power, enhances their position as serious buyers, and streamlines the homebuying process. By following the necessary steps and working with a VA-approved lender, veterans can navigate the preapproval process with confidence and move one step closer to owning their dream home.

Veteran Home Loan Preapproval Requirements

When it comes to obtaining preapproval for a VA home loan, there are several requirements that veterans need to meet. Understanding these requirements and being prepared with the necessary documentation can help expedite the preapproval process. Here are the key requirements for veteran home loan preapproval:

1. Certificate of Eligibility (COE)

The first step in the preapproval process is obtaining the Certificate of Eligibility (COE). This document verifies the borrower’s eligibility for a VA loan. The COE can be obtained online through the VA’s eBenefits portal or by working with a VA-approved lender who can assist in obtaining it. It’s important to have the COE ready when applying for preapproval.

2. Proof of Service and Service History

Veterans will need to provide proof of their military service and service history. This includes providing a copy of the DD-214 form or Reserve/Guard points statements. Active-duty service members may also need to provide an Active Duty Statement of Service. Having these documents readily available will help streamline the preapproval process.

3. Financial Documents

Financial documentation is a crucial part of the preapproval process. Veterans will need to provide pay stubs and W-2s for the last two years, as well as recent bank statements to verify their income and assets. Additionally, disability award letters and other related documents may be required if applicable. It’s important to work closely with the lender to ensure all required financial documents are provided promptly.

4. Other Requirements

While the specific requirements may vary based on the lender and individual circumstances, there are a few other common requirements for VA loan preapproval. These may include a copy of a government-issued ID, proof of residency, and an acceptable credit score. Lenders typically look for a minimum FICO credit score of 620 for VA loans.

By meeting these requirements and having the necessary documentation ready, veterans can streamline the preapproval process and increase their chances of obtaining a VA home loan. Working with a VA-approved lender who specializes in VA loans, like those within the Homes for Heroes network, can also provide expert guidance and assistance throughout the preapproval process.

Section 5: The House Hunt

With the VA loan preapproval letter in hand, veterans can embark on the exciting stage of house hunting. Armed with the knowledge of their purchasing power, veterans can confidently search for their dream home. It’s important to find a real estate agent who understands the VA loan process and can guide veterans through the homebuying journey. The agent can help identify properties that meet the VA loan requirements and assist in negotiating the best deal.

VA loans offer flexibility in terms of property types, allowing veterans to consider various options. Whether it’s an existing single-family home, a newly constructed property, a condominium, manufactured or modular housing, or even a multiunit property, veterans have the opportunity to find their ideal home. It’s essential to consider the condition of the property, as the VA appraisal process has specific requirements regarding the property’s condition and safety.

“Finding a real estate agent who understands VA loans and can help guide you through the process is crucial. They can assist you in finding the perfect home that meets your needs and budget while ensuring it meets the VA loan requirements.”

During the house hunting process, veterans may come across multiple homes that are worthy of consideration. It’s important to weigh the pros and cons of each property and make an informed decision. Taking into account factors such as location, amenities, and future resale potential can help veterans choose the right home for their needs. The real estate agent can provide valuable insights and advice, ensuring veterans make a well-informed decision.

Overall, the house hunting stage is an exciting and crucial part of the VA loan preapproval process. With the support of a knowledgeable real estate agent and an understanding of the VA loan requirements, veterans can navigate the market with confidence and find their perfect home.

Section 6: Getting Under Contract

Once you’ve found a home that you love, the next step in the VA loan preapproval process is getting under contract. This is an exciting stage where you make a formal offer on the property and start the negotiation process. It’s important to work closely with your loan officer and real estate agent to ensure a strong and competitive offer.

When crafting your offer, consider recent comparable sales in the area to determine the appropriate price range. Take into account any closing costs that may be involved, such as inspection fees or appraisal fees. You may also want to include contingencies in your offer, such as a home inspection or repair requests.

In competitive markets, it’s essential to be prepared for potential multiple offers and the need for negotiation. Your real estate agent and loan officer can guide you through this process, helping you make informed decisions that align with your budget and goals.

Tip:	Consider including an escalation clause in your offer, which automatically increases your offer if there are competing bids.
Benefits:	VA contracts provide added protection for your earnest money in case of low appraised value.

“Getting under contract is an exciting milestone in the VA loan preapproval process. It’s important to work closely with your real estate agent and loan officer to craft a strong offer that aligns with your budget and goals.” – Jane Smith, Real Estate Agent

Understanding the Escrow Process

Once your offer is accepted, the property enters the escrow phase. This is a period of time where the necessary paperwork and contingencies are fulfilled, and the property is held in escrow until the closing process is completed. During this time, you may need to provide additional information or documentation as requested by your lender or escrow company.

It’s important to review all closing documents carefully and ask questions if needed. The escrow process can vary by state, so be sure to familiarize yourself with the specific requirements and timelines in your area.

In conclusion, getting under contract is an exciting step in the VA loan preapproval process. By working closely with your real estate agent and loan officer, you can navigate the negotiation process with confidence and secure your dream home.

The VA Loan Preapproval Process: Appraisal and Underwriting

Once you’ve found your dream home and made an offer, the VA loan process moves forward with appraisal and underwriting. These steps are crucial in determining the value of the property and verifying the loan and the borrower’s documentation.

The VA Appraisal

The first step in the appraisal process is ordering a VA appraisal, which is conducted by a licensed appraiser to assess the property’s value and condition. The appraisal is based on recent comparable sales and must meet the VA’s minimum property requirement. If any repairs are necessary, the buyer can request the seller to address them.

One important thing to note is that the VA appraisal is not a home inspection. It focuses on the property’s value and meeting minimum standards, rather than identifying potential maintenance or structural issues. It’s always recommended to have a professional home inspection performed to ensure there are no hidden surprises.

Underwriting and Documentation

While the appraisal is taking place, the lender’s underwriting team will be diligently reviewing the borrower’s documentation and verifying the loan. The underwriter ensures that all necessary documents, such as pay stubs, tax returns, and bank statements, have been provided and meet the VA’s guidelines.

During this process, the underwriter may request additional information or clarification on certain documents. It’s important for the borrower to promptly respond to these requests to avoid delays in closing the loan. Once the underwriter has thoroughly reviewed all the documentation and is satisfied with the borrower’s eligibility and financial capacity, they will issue a final approval for the loan.

Appraisal and Underwriting	Key Points
Appraisal	– Assess the property’s value and condition – Based on recent comparable sales – Must meet minimum property requirement
Underwriting	– Verifying loan and documentation – Reviewing borrower’s financial information – Ensuring eligibility and compliance with VA guidelines

Overall, the appraisal and underwriting stages of the VA loan preapproval process are crucial in ensuring the property’s value, as well as the borrower’s eligibility and financial capacity. These steps help protect both the borrower and the lender, providing a thorough assessment of the loan and the property’s suitability for VA financing.

The VA Loan Closing Process

After completing the preapproval process for a VA loan, buyers are one step closer to closing on their dream home. The VA loan closing process is the final stage of securing the loan and transferring ownership of the property. It involves several important steps and requires careful attention to detail. Let’s explore what to expect during the VA loan closing process.

Gathering Necessary Documents

Before the loan can close, buyers need to provide various documents to the lender. These documents typically include proof of identity, income verification such as pay stubs and tax returns, bank statements, proof of insurance, and any additional documentation requested by the lender. It is important to work closely with the lender and promptly provide the requested documents to ensure a smooth closing process.

Reviewing the Closing Disclosure

Prior to closing, buyers will receive a Closing Disclosure, which outlines the final terms and costs of the loan. This document provides a detailed breakdown of the loan amount, interest rate, closing costs, and any other fees associated with the loan. Buyers should carefully review the Closing Disclosure to ensure accuracy and compare it with the Loan Estimate received earlier in the process. If there are any discrepancies or questions, it is essential to address them with the lender before proceeding with the closing.

The Day of Closing

On the day of closing, buyers will meet with the seller, the seller’s representative, the lender, and possibly a closing agent or attorney. During the closing meeting, all necessary paperwork will be signed, including the loan documents and the deed transferring ownership of the property. It is important to review all documents thoroughly and ask any questions that may arise. Once all documents are signed and funds have been transferred, buyers will receive the keys to their new home.

In conclusion, the VA loan closing process is the final step in securing a VA loan and purchasing a home. It involves gathering necessary documents, reviewing the Closing Disclosure, and completing the closing meeting. By being prepared and working closely with the lender, buyers can navigate the VA loan closing process with confidence and achieve their homeownership goals.

Section 9: Credit Score and the VA Loan Preapproval Process

In the VA loan preapproval process, credit score plays a crucial role in determining eligibility. Lenders typically look for a minimum FICO credit score of 620 for VA loans. A higher credit score can increase the likelihood of approval and may even result in more favorable interest rates. It’s important for veterans to review their credit history and take steps to improve their credit profile if needed.

Improving credit score can be achieved through various strategies. Timely bill payments, keeping credit card balances low, and avoiding new credit applications can all positively impact credit score. Veterans with lower credit scores can take advantage of credit-strengthening programs like the Lighthouse Program, offered by Homes for Heroes, which provides personal guidance and resources to help veterans strengthen their credit profile. By focusing on credit improvement, veterans can enhance their chances of VA loan preapproval.

Table:

FICO Score Range	Credit Rating
800-850	Exceptional
740-799	Very Good
670-739	Good
580-669	Fair
300-579	Poor

Understanding Credit Score Factors

When evaluating credit scores, lenders consider various factors that contribute to the overall creditworthiness of the borrower. These factors include:

• Payment History: The consistency of on-time payments and any history of missed or late payments.
• Credit Utilization: The percentage of available credit being utilized. Keeping credit card balances low can positively impact credit scores.
• Length of Credit History: The length of time an individual has had credit accounts open. A longer credit history can demonstrate stability and responsible credit management.
• New Credit Applications: The number of recent credit inquiries and new credit accounts opened. Applying for multiple credit lines within a short period can negatively impact credit scores.
• Credit Mix: The various types of credit accounts a borrower has, such as credit cards, loans, and mortgages. Having a diverse mix of credit can positively impact credit scores.

“Improving credit score is an important step in the VA loan preapproval process. By demonstrating responsible credit management and taking advantage of credit improvement programs, veterans can increase their chances of securing a VA loan and achieving their dream of homeownership.” – Homes for Heroes

By understanding the factors that influence credit scores and actively working to improve credit, veterans can position themselves for a successful VA loan preapproval process. Taking the time to boost creditworthiness can ultimately lead to more favorable loan terms and a smoother homebuying journey.

Section 10: Income & Employment – VA Loan Pre Approval Process

Stable and reliable income is crucial for VA loan preapproval. Lenders consider factors such as employment history, likelihood of continued employment, and income sufficiency. While a solid employment history of two years is preferred, each applicant is evaluated individually. The VA loan program allows flexibility for various employment scenarios, including part-time work, self-employment, commission-based income, and military employment. Lenders may have specific requirements and review past employment records to assess stability.

Employment History Evaluation

The evaluation of an applicant’s employment history is important in the VA loan preapproval process. Lenders assess job stability and continuity to ensure the borrower’s ability to repay the loan. While having a two-year employment history in the same field is preferred, exceptions can be made for those with shorter job histories or recent separations from military service. The lender may consider factors such as training, education, and qualifications when evaluating job gaps or changes.

Flexible Employment Scenarios

One of the advantages of the VA loan program is its flexibility in accommodating various employment scenarios. Lenders understand that veterans may have unique employment situations and take this into account during the preapproval process. Whether an applicant is a full-time employee, self-employed, receives commission-based income, or serves in the military, lenders will evaluate the applicant’s specific circumstances and verify their income through supporting documentation.

It is essential for applicants to provide accurate and thorough information about their income and employment history to lenders. This will ensure a smoother preapproval process and increase the chances of securing a VA loan.

Section 11: Job Gaps & Job Changes

Job gaps and changes can impact the VA loan preapproval process, but they don’t necessarily disqualify applicants. Lenders evaluate job history on a case-by-case basis, considering factors such as continuity, training, education, qualifications, and the employer’s confirmation of job stability. Applicants with shorter job histories or recent separations from military service may need to provide additional information and demonstrate continuity between their previous role and current employment.

It’s important to provide a clear and detailed explanation of any job gaps or changes to lenders. This can include sharing reasons for the gap, such as furthering education, military service, or personal circumstances. Applicants should also highlight any transferable skills or relevant experience gained during the gap period.

When it comes to job changes, lenders will assess stability and continuity. They will look for a consistent work history and evidence of career progression. For applicants who have changed jobs, providing a letter of explanation and documentation of the new employment, including an offer letter or contract, can help strengthen the application.

Job Gaps & Job Changes: Strategies for Success

• Provide a detailed explanation of any job gaps or changes
• Highlight transferable skills gained during the gap period
• Include documentation of new employment and career progression
• Utilize additional resources such as job training programs or certification courses to enhance qualifications

“Job gaps and changes are common in today’s workforce, and lenders understand that. By providing a thorough explanation and showcasing your continued commitment to your career, you can navigate through the VA loan preapproval process with confidence.”

Job Gaps	Job Changes
Provide a clear and detailed explanation	Highlight career progression and new employment
Showcase transferable skills gained during the gap period	Include documentation of new employment, such as offer letters or contracts
Emphasize any additional education or training completed during the gap	Provide a letter of explanation for job changes

Section 12: VA Loans & Co-Borrowers

Co-borrowers can play a significant role in the VA loan preapproval process, allowing borrowers to increase their borrowing capacity by including the co-borrower’s income. However, it’s essential to understand how co-borrowers are evaluated by lenders and the impact they can have on the preapproval process.

Lenders will assess the qualifications of both the borrower and co-borrower as a single entity. This evaluation includes reviewing their credit profiles, including credit scores, as well as their debt-to-income ratios. The combined qualifications of both the borrower and co-borrower will determine the overall eligibility for a VA loan.

When considering a co-borrower, it’s crucial to find someone who is financially responsible and has a strong credit history. This will increase the chances of securing a favorable loan and interest rate. However, it’s important to remember that both the borrower and co-borrower are equally responsible for repaying the loan, and any financial missteps by either party can negatively impact both individuals.

Working closely with a VA-approved lender can help borrowers navigate the complexities of including a co-borrower in the preapproval process. Lenders can provide guidance on the necessary documentation and requirements for co-borrowers, ensuring a smooth and successful loan application.

VA Loans & Co-Borrowers: Key Points

• Co-borrowers can increase borrowing capacity by including their income in the loan application.
• Lenders evaluate the qualifications of both the borrower and co-borrower as a single entity.
• A co-borrower should have a strong credit history and financial responsibility.
• Both the borrower and co-borrower are equally responsible for repaying the loan.
• Working with a VA-approved lender can help navigate the process.

Finding the Right Private Lender

When it comes to the VA loan preapproval process, finding the right private lender is crucial. A lender who specializes in VA loans can provide expert guidance, streamline the application process, and ensure veterans receive the support they deserve. That’s where Homes for Heroes comes in. With a network of real estate and mortgage specialists dedicated to serving veterans and military personnel, Homes for Heroes is committed to providing personalized assistance throughout the homebuying journey.

By working with a Homes for Heroes specialist, veterans can navigate the VA loan preapproval process with confidence. These specialists understand the intricacies of VA loans and can help veterans gather the necessary documentation, verify their eligibility, and guide them through each step of the process. With their expertise, veterans can make informed decisions, maximize their purchasing power, and secure their dream home without unnecessary stress or complications.

Why Choose Homes for Heroes?

There are several reasons why Homes for Heroes is the ideal partner for veterans seeking a VA loan preapproval. Firstly, the program is designed specifically for community heroes, including veterans and military personnel. This means that Homes for Heroes specialists have an in-depth understanding of the unique challenges and opportunities that veterans face in the homebuying process.

Secondly, Homes for Heroes is committed to providing personalized assistance. Each veteran is unique, with their own set of circumstances and goals. Homes for Heroes specialists take the time to listen to veterans’ needs and tailor their guidance accordingly. They provide one-on-one support, answering questions, addressing concerns, and offering expert advice every step of the way.

Finally, Homes for Heroes is dedicated to honoring and supporting those who have served our country. The program goes beyond just the VA loan preapproval process, offering additional resources and benefits for veterans throughout the entire homebuying journey. From helping veterans find the right real estate agent to providing financial savings, Homes for Heroes is there to support veterans every step of the way.

Conclusion

The VA loan preapproval process can be complex, but with the support of Homes for Heroes, veterans can navigate it with confidence. By connecting with a network of specialized real estate and mortgage professionals, veterans can ensure they receive expert guidance, personalized assistance, and the benefits they deserve. Finding the right private lender is essential for a smooth homebuying experience, and Homes for Heroes is dedicated to helping veterans find their dream homes.

Pre Approval vs. Pre Qualification

When it comes to the VA loan preapproval process, it’s important to understand the difference between preapproval and prequalification. While both terms are often used interchangeably, they represent two distinct stages in the homebuying journey.

Prequalification:

Prequalification is the initial step, where potential buyers provide basic information about their financial situation, such as income, assets, and debts. This information is used to estimate the buyer’s eligibility for a VA loan and provide a general idea of their purchasing power. Prequalification does not involve a thorough review of financial documents and does not guarantee a loan approval.

Preapproval:

Preapproval, on the other hand, requires a more in-depth analysis of the buyer’s financials. It involves verifying financial documents, such as pay stubs, tax returns, and bank statements. Lenders evaluate the buyer’s credit history, employment stability, and overall financial health to determine their eligibility for a VA loan. Preapproval provides a stronger estimate of the buyer’s purchasing power and strengthens their position when making offers on a home.

Obtaining a preapproval letter can give buyers a competitive edge in a busy real estate market. It shows sellers and agents that the buyer is serious and financially strong, increasing their chances of having an offer accepted. Preapproval also helps buyers set a realistic budget and avoid falling in love with a home they cannot afford.

While prequalification can be a useful starting point for understanding one’s eligibility for a VA loan, preapproval offers a more accurate assessment and provides greater confidence when entering the homebuying process. By taking the time to undergo the preapproval process, buyers can position themselves for a successful homebuying experience and secure their dream home with a VA loan.

Homes for Heroes: Your Network of Real Estate Specialists

When searching for the perfect home, every veteran deserves expert guidance and support throughout the preapproval process. That’s where Homes for Heroes comes in. Our program is dedicated to serving veterans and military personnel, connecting them with a network of real estate and mortgage specialists who understand the ins and outs of the VA loan preapproval process.

Our team of specialists can assist veterans in navigating the complexities of the VA loan preapproval process, providing personalized assistance every step of the way. With their in-depth knowledge of VA loans, they can help veterans understand the necessary documentation, verify eligibility, and guide them towards finding the right lender.

At Homes for Heroes, we take pride in ensuring that veterans receive the support and expertise they deserve. Our network of real estate and mortgage specialists is committed to providing personalized service and making the VA loan preapproval process as smooth as possible. With their guidance, veterans can confidently navigate the homebuying journey and secure their dream home.

Why Choose Homes for Heroes?

Choosing Homes for Heroes means choosing a network of professionals who have the experience and dedication to assist veterans in achieving their homeownership goals. Our specialists understand the unique needs of veterans and military personnel and can offer invaluable guidance throughout the VA loan preapproval process.

With Homes for Heroes, veterans receive personalized attention and support, ensuring that their homebuying journey is efficient and stress-free. Our specialists have the expertise to help veterans overcome any obstacles and make informed decisions at every stage of the process.

Benefits of Choosing Homes for Heroes	Why Homes for Heroes Stands Out
Expert guidance through the VA loan preapproval process	Specialized network of real estate and mortgage professionals
Personalized support tailored to veterans’ needs	Experience working with veterans and military personnel
Assistance in navigating the documentation and eligibility verification	Commitment to making the process smooth and efficient

Don’t navigate the VA loan preapproval process alone. Choose Homes for Heroes and let our network of real estate and mortgage specialists guide you towards securing your dream home. Contact us today to learn more about our services and start your journey towards homeownership.

Conclusion

In conclusion, the VA loan preapproval process is an essential step for veterans seeking to purchase a home. By obtaining preapproval, veterans gain a clear understanding of their purchasing power and can make strong offers in a competitive real estate market. Working with VA-approved lenders, such as the professionals at Homes for Heroes, ensures personalized assistance and expert guidance throughout the preapproval process.

With preapproval, veterans can confidently embark on the exciting journey of house hunting, knowing their eligibility for a VA loan. The process involves providing necessary documentation, such as credit history, financial records, and service history. By promptly supplying the requested documents, veterans can expedite the preapproval process and move closer to securing their dream home.

Homes for Heroes offers a network of real estate and mortgage specialists dedicated to serving veterans and military personnel. These professionals understand the unique requirements of the VA loan preapproval process and are committed to providing personalized assistance. By leveraging the expertise of these specialists, veterans can navigate the complex world of homebuying with confidence and ease.

Take the first step towards homeownership by securing a VA loan preapproval. With the support of Homes for Heroes and their network of real estate specialists, veterans can turn their dreams into reality and find the perfect place to call home.