The Ultimate VA Loan Timeline: From Application to Closing

Are you a veteran, active-duty service member or spouse of a veteran searching for an affordable way to purchase or refinance your dream home? The VA loan program may be the perfect solution for you. The VA loan timeline may seem complex, but understanding the process can help you plan your home buying timeline and ensure a smooth and stress-free journey.

Introduction: What is a VA Loan?

A VA loan is a mortgage backed by the Department of Veterans Affairs (VA) that offers various benefits for eligible military personnel and their families. The VA loan program aims to help veterans achieve homeownership by providing flexible credit requirements, no down payment, and competitive interest rates.

If you are a veteran, active-duty service member or spouse of a deceased veteran, you may be eligible for a VA loan. To determine your eligibility, you will need to obtain a Certificate of Eligibility (COE) from the VA. Once you have obtained your COE, you can start the VA loan process.

Step 1: Prequalification (1-2 weeks)

Before starting your VA loan application, you may want to get prequalified with a VA-approved lender. Prequalification is a quick and easy process that can give you an idea of how much you can borrow and what kind of home you can afford.

During the prequalification process, the lender will ask you about your income, credit score, and existing debts. Based on this information, the lender will provide you with a prequalification letter that outlines the maximum amount you can borrow.

Step 2: VA Loan Application (2-4 weeks)

Once you have found your dream home and have an accepted purchase agreement, you can begin your VA loan application. The application process typically takes 2-4 weeks and involves several steps:

Loan Application
You will need to complete a loan application form and provide documentation such as pay stubs, tax returns, and bank statements.
VA Appraisal
The VA will conduct an appraisal of the property to determine its value and ensure it meets minimum property requirements.
Title Search and Insurance
The lender will conduct a title search to ensure there are no liens on the property. You will also be required to purchase title insurance.
The lender will review your loan application, credit score, and other documentation to ensure you meet the VA loan requirements.
Closing Disclosure
You will receive a Closing Disclosure document that outlines the final terms and costs of your loan. You will need to review and sign this document before closing.

Step 3: Closing (1-2 weeks)

The final step in the VA loan timeline is closing. Closing typically takes 1-2 weeks and involves signing all the necessary paperwork to finalize your loan. You will also be required to pay closing costs such as appraisal fees, title fees, and insurance premiums.

After closing, you will officially own your dream home and can start making monthly mortgage payments.


1. What is the minimum credit score required for a VA loan?

The minimum credit score required for a VA loan varies by lender, but most lenders require a credit score of at least 620.

2. What is the maximum amount I can borrow with a VA loan?

The maximum amount you can borrow with a VA loan depends on your entitlement and the loan limits set by the VA. As of 2021, the VA loan limit in most areas is $548,250.

3. Can I use a VA loan to purchase a second home or investment property?

No, VA loans can only be used to purchase primary residences.

4. Can I still get a VA loan if I have a foreclosure or bankruptcy on my record?

It depends on the circumstances and how long ago the foreclosure or bankruptcy occurred. You may still be eligible for a VA loan if you have re-established good credit.

5. How long does it take to get a Certificate of Eligibility?

The time it takes to get a Certificate of Eligibility varies, but most COEs are issued within a few days.

6. Can I use a VA loan to refinance my current mortgage?

Yes, VA loans can be used to refinance your current mortgage through the VA’s Interest Rate Reduction Refinance Loan (IRRRL) program.

7. How much are VA loan closing costs?

VA loan closing costs typically range from 2% to 5% of the loan amount.

8. Can I get a VA loan if I am on active duty?

Yes, active-duty service members can apply for a VA loan.

9. Can I use a VA loan to buy a condominium?

Yes, but the condominium complex must be VA-approved.

10. Can I use a VA loan to buy a manufactured home?

Yes, but the manufactured home must meet certain VA requirements.

11. Can I have a co-borrower on my VA loan?

Yes, you can have a co-borrower on your VA loan.

12. Can I get a VA loan if I am self-employed?

Yes, but you will need to provide additional documentation such as tax returns and bank statements.

13. Can I get a VA loan if I have a disability rating?

Yes, and you may be eligible for additional benefits such as a funding fee waiver.

Conclusion: Start Your VA Loan Journey Today

The VA loan timeline may seem daunting, but with the right knowledge and preparation, you can successfully navigate the process and achieve your dream of homeownership. With no down payment requirement and flexible credit requirements, the VA loan program is an excellent option for veterans, active-duty service members, and their families. So, whether you’re looking to purchase or refinance your home, take the first step today and explore your VA loan options.

Thank you for reading this ultimate guide to VA loan timeline. If you have any further questions or would like to learn more about VA loans, please contact a VA-approved lender. Happy house hunting!


The information provided in this article is for educational purposes only and should not be used as a substitute for professional financial or legal advice. The VA loan program is subject to change and eligibility requirements may vary. Please consult with a VA-approved lender or the Department of Veterans Affairs for the latest information.