VA Loan Frequently Asked Questions

At Ideal Lending Solutions, we understand that the loan process can be difficult to understand at times. Below is a list of our VA Loan FAQ’s to help you find the answers to your questions!

I want to use my Veteran eligibility to purchase a home. Can you do this for me?

Absolutely, this is what we do!

I don’t have my certificate of eligibility; can you help me get one?

Yes as long we have a DD-214 or Statement of Service we can retrieve your certificate of eligibility electronically

I used my VA eligibility to purchase a home before can I use it to purchase another home?

Yes, if the property which secured the VA loan has been sold, and the loan has been paid in full. Other circumstances may apply, please contact Ideal Lending Solutions for specific guidelines.

Why is the loan amount higher than the sales price for VA loans?

All VA loans have a “funding fee” which is financed on top of the loan amount. This fee negates the need for mortgage insurance.

Can I purchase a home with someone other than my spouse as the co-borrower?

Yes, but the other applicant must be a veteran as well.

I don’t live near your West Palm Beach, Boca Raton, Miami, or Jupiter branch can you still handle my loan?

We can handle your loan anywhere in the state of Florida.

I already applied to another Lender for my Home Loan; do I have to stay with them?

No, you don’t. You can change your mind, and decide who you want to close your loan. Transfer of your loan is an easy process.

How will I know what the prospective home or my primary residence is worth?

We will order an appraisal done by a licensed appraiser in your area.

I am a Widow of a Veteran, can I qualify?

Yes, you can, provided your deceased spouse died in the line of duty or from a service related cause.

I hate to fill out forms online; can I talk to a person?

Sure, call Ideal Lending Solutions at (844) 994-3325 to speak to one of our VA Loan experts.

I don’t feel comfortable giving my financial information over the Internet, what can we do?

We can do everything over the telephone or in person at one of our branches in West Palm Beach, Boca Raton, Jupiter, or Miami.

Know how much you can afford!
VA Loan Pre-Approval

American Financial Network, Inc. is not acting on behalf of or at the direction of the federal government, and this offer is not being made by an agency of the government.