VA Home Loan Eligibility
Determine VA Home Loan Eligibility To Jumpstart Your Dreams
If being a homeowner is your dream, your military service can help you realize it! At VALoansFinance.com, we can help you claim an important benefit once you establish your VA home loan eligibility. After your generous contribution to serving our nation, we are proud to be helping both Veterans and current servicemembers put down roots in their very own home.
What You Need To Prove VA Home Loan Eligibility
To qualify for a VA home loan, you must be a current servicemember, Veteran, National Guard member or reservist, or the surviving spouse of a Veteran. Active duty personnel must have served for 90 continuous days, while Veterans must show 90 or more days of active duty during wartime or 181 days during peacetime. National Guard personnel must have served in the Gulf War for 90 days or more or have an honorable discharge. For military spouses, the requirements include that you not be remarried and that your late spouse died on active duty or died from service related injuries.
If you do not meet any of these guidelines, it’s possible that you may still be eligible if you were discharged because of:
- The convenience of the government
- (RIF) Reduction-in-force
- Certain medical conditions
- Service-related disability
Your VALoansFinance.com specialist will be able to review your circumstances to determine your VA home loan eligibility.
Additional Documents Needed
When you apply for a VA loan, you will need some documentation. To start, you will need your Certificate of Eligibility (COE), which you can obtain directly from the VA using Form 26- 1880 – Request For A COE For Home Loan Benefits. If necessary, a VALoansFinance.com specialist can help you obtain that form.
In addition to your COE, you must also provide the same documents you would for any home loan:
- Your driver’s license with the current address
- Social Security number
- Current pay stubs
- Tax returns and W-2s for the past two years
- Current employment information
- Bank account statements
- Information on creditors and on the loans you currently have
If you have checked your VA home loan eligibility, start the preapproval process right now by applying for a VA loan online. If at any time you have question, call us at (866) 216-3577. VALoansFinance.com will guide you through the application process so that you can get preapproval, just as you would if you were applying for a conventional loan.
Working With Veterans
If you meet all the requirements, qualifying to obtain a VA loan should be easy. However, it always helps to have an empathetic lender on your side. At VALoansFinance.com, we want to help you receive the benefits you are entitled to. Even if you have bankruptcies or other credit problems from the past, we will work with you to help you establish your VA home loan eligibility.
Once you have established VA home loan eligibility, with the help of a lender such as VALoansFinance.com, the lending organization works directly with the government to complete processing the loan. Though the requirements appear straightforward, there are many loan situations that can benefit from the support of a lender experienced in VA loans.
VA loans have been available to secure the dreams of Veterans since 1944 and have helped more than 20 million Veterans become homeowners. In 1970 and 1978, the terms of the loans changed, so that more people who served during specific periods of active duty were eligible. Since 1992, the loans were made available to anyone who served, including Reservists and National Guard personnel. On October 26, 2012, the surviving spouse of an Iraq War Veteran received the 20 millionth loan.
At VALoansFinance.com, we are anxious to add your loan to the list of Veterans living the American Dream. Just apply online today using our simple form, or contact one of our specialists at (866) 216-3577 to establish your VA home loan eligibility.