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VA Home Loan - PreApproval

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    VA Home Loan - PreApproval

    Our bankruptcy was discharged 5 June 09. The VA requires waiting 2 years after the discharged date. We have a real estate agent and signed up with USAA movers advantage. We didn't intend to start looking for a house until April or May 2011. Our agent called us about a house earlier this week. The sellers are willing to go to settlement in June. They want to know that we should be approved for the loan. USAA can't preapprove us until the 6th of June 11. Our credit scores have improved and are above what is needed. We have a good income and work history. The sellers want reassurance that if today were the 6 June 2011, would we be approved for a VA loan.
    Can anyone give me advice?

    #2
    No one can predict the future. If USAA is telling you they can approve you 2 years Post discharge then maybe. I wouldn't get your heart set on just one house but several and then make the "best financial" decision. As a seller its all about "Show me the Money!"

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