Can anyone one tell me me how long it take to get a VA loan?
I just got a offer on one of my propertys that i have listed,So i give the offer to my seller and he take it! but the buyer also wants me to represent him too so now im a dual agent.The buyer tells me he has a pre-appv for a v.a loan well...... to make along story short i get some info and make some calls and find out that the buyer has called and talked to some one but he has not filled out a applacation for the loan.I was woundering if anyone can tell me how long it takes to get a v.a.loan?I want to get this closed ASAP!!!!!!

Your client likely has his eligibilty certificate and has that confused with a pre-approval. If he is not pre approved you need to find out if he can be approved.

Assuming that he can get approved, how long it will take to close will depend on the underwriting speed of the lender that you go with and how fast you, your client and the other players can satisfy whatever conditions the underwriter has on the loan.

Kid, it sounds ike you need to be partnering up with a good mortgage person.

Agree with MortgagePro. Also, gov't loan programs can take considerably longer than others. Ask the buyer if he is using alternative trades to qualify for the loan. That will give you an indication of how long it will take. If he is going with alt. trades it will be a manual underwrite and take even longer. You may expect 45 days, maybe a little less or maybe a little more. Good luck.

You should ask your borrower to look into loan products other than VA. I personally think he could do much better. I would suggest VA as a last resort.

Depending on the chapter you filed you will have to wait between 12 and 24 months from discharge before you can use your VA benefits to buy a home. On a Chapter 7, you have to have the bankruptcy discharged for 2 years (24 months). On a Chapter 13, it has to have been discharged for 12 months or if it is not discharged you have to prove that you have made timely payments on it for a minimum of 12 months.