The Loan packet

So after we signed the agreement we decided to go with NVR. It made things easier and they weren’t giving bad rates for a VA loan. The included options/incentives they are offering are included if you first try to get a loan with NVR.

We got a call from our NVR loan officer about a week after signing our agreement. He took down some more basic information from us and then sent a huge packet and had a list of stuff needed. Some of the things we had to send included:

·  2 most recent pay stubs

·  2 months worth of bank statements

·  Previous 2 years of tax returns

·  Previous 2 years w-2’s and 1099’s

·  Copy of social security cards and driver’s licenses

·  Copy of DD214

·   Letters from the VA showing how much I get each month (I was able to print these off from the VA website)

·  Additional retirement information

We had to sign about 100 pages and send it back in. The faster you get it back to them the faster they can move along with the process. Luckily I had most of the stuff together already so it wasn’t a huge deal just had to worry about everything being there and reading the papers and sign. We got it on a Friday so we had all weekend to do it. My one advice is to have everything handy or know where it is. It makes it a lot easier to do far as getting it together and don’t have to stress over it. After you sign your sales agreement your sales rep should give you a rough check list on things you will need start getting them together soon as you can.

We got it sent back in to our loan officer the following Tuesday and he received it on Wednesday. He emailed us to let us know he received it all and that everything appeared to be there. Now while we wait to hear back about the loan we at least get to start picking out our options.