1. Make Sure You Qualify for the VA Loan Program First, make sure you qualify for a VA home loan based on these criteria: You're a military veteran who meets theVA's eligibility requirements You plan to live in the house soon after the loan closes After paying your other monthly expense...
To be eligible for a VA loan, you need to meet minimum service requirements. These vary based on your status as active-duty or veteran. There are also specific requirements for National Guard or Reserve members. If your spouse served, you might be eligible in certain circumstances, as well ...
VA home loan eligibility You are likely eligible for a VA mortgage if: You’re an active-duty military member or veteran who meets length-of-service requirements (90 days of service during wartime or 181 days of service during peacetime). You served in the National Guard or Reserve for at...
A down payment as low as 3% may be enough to qualify for many first-time homebuyer loans. While Fannie Mae and Freddie Mac back most conventional loans, their special homebuyer loans and those for first-timers may not be available with all lenders. Some loan options are tailored specifically...
are the surviving spouse of a veteran who was missing in action, a prisoner of war, or died during or in connection with their service, you may be eligible for a VA loan. Note that there are some additional criteria for surviving spouses who have remarried, so not all spouses qualify.9...
Is a VA loan right for you? If you're a qualifying service member, veteran, or surviving spouse, VA loans offer an attractive home loan option. They can save you on the upfront and long-term costs of buying a home. You'll have to meet all of the eligibility requirements and need to...
Since not everyone qualifies for a VA loan you’ll need to show you’re a qualifying veteran during the approval process. Let’s take a closer look at the qualifications and the documents you might need to obtain. VA Loan Eligibility Requirements To get a VA home loan, you need a valid...
See What You Qualify For Select a VA Home Loan Option to Continue: Home Purchase Home Refinance Cash-Out Refinance Explore My Options Get Started VA Medical Benefits Eligibility The VA offers health care benefits to certain veterans. There are many misconceptions about who is eligible for these ...
Full eligibility details can be found on the VA’s page onhome loan programs for surviving spouses. VA loan disqualifications Not everyone who has served in the military or is married to a veteran can qualify for a VA loan. The two principal ways that a veteran can be disqualified from ge...
Once you're deemed eligible for a VA home loan, you'll receive what's called your "entitlement," or the amount the Department of Veteran Affairs will guarantee on your loan in the event you go into default. However, your l...