VA Loan Requirements and Eligibility: Everything You Need to Know

Sourced from https://www.thesimpledollar.com/loans/home/va-loan-requirements/

When you’ve raised your right hand to defend your country, you’ve earned the privilege of some unique benefits, including the Veterans Assistance (VA) loan. But before you head out to find a mortgage lender, you need to take the time to make sure you meet all of the VA loan eligibility requirements. Your DD-214 might get you some of your veteran benefits, but there are specific VA loan qualifications that not every active or past service member meets.

VA loan requirements

Once you’ve determined VA loan eligibility, you need to gather the necessary paperwork and requirements to apply for your loan. To get started, you will need to acquire a certificate of eligibility (COE) or a statement of service.

This paperwork can be used to show any private mortgage lender that you meet the program’s eligibility criteria. For veterans, your DD-214 may show the same information, but you need to get a COE to satisfy the VA loan requirements. You can get this through the … Read More

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