Step 1: Get Pre-Approved
Step 2: Start Making Offers/Get Offer Accepted
Step 3: Open Escrow
Step 4: Lock Interest Rate/Have Merchants order the VA appraisal
Step 5: Sign Loan Estimate along with other initial govt required paperwork
Step 6: Loan Processor submits the file to the VA underwriter for approval
Step 7: Underwriter Approves Loan provide a list of any additional items needed before closing
Step 8: Appraisal report received and signed off by underwriter
Step 9: Closing Disclosure emailed be signed (Closing Disclosure should mirror the initial Loan Estimate)
Step 10: Merchants sends the closing documents to the escrow company 3 days after the Closing disclosure is signed
Step 11: You sign arrange with the escrow firm to sign the closing documents either at their office or they will send a notary to a convenient location for you.
Step 12: The escrow firm sends Merchants the signed closing package (either electronically or by overnight)
Step 13: Merchants wires the funds to escrow
Step 14: The loan funds and then is recorded with the county
Step 15: The transaction is now closed and you receive your keys.