However, if the nature of your discharge prevents you from being eligible forVA loan benefitsand you believe your situation deserves more consideration, you can apply for a discharge upgrade or correction. You may qualify for a discharge upgrade if you can prove your discharge was related to any...
These criteria include length-of-service requirements (with separate requirements for surviving spouses) and minimum standards for property. The lender will also have its own financial requirements, such as a minimum credit score and a maximum amount of existing debts. How much does a VA loan let...
Although there’s no limit to how many times you can use your VA entitlement,you can only apply for a restoration of entitlement to buy a second home once. (This is why it’s called a “one-time restoration.”) You also must have paid off the loan in full, which typically happens...
Wait Time for Selling a Home with a VA Loan If you want to sell your house with a VA loan, there is no required amount of time that you have to wait. You are welcome to sell your house whenever you want, but it is generally a good idea to make sure you can make enough money ...
Eligible veterans and military service members have full entitlement when they meet one of these criteria: You have never before used your VA home loan benefit You have repaid your first VA loan in fullandsold the property You experienced a short sale or foreclosure, but have repaid the VA lo...
But, if you meet the eligibility criteria, VA loan benefits are very attractive and can save you money both upfront when closing and over the life of the loan. If you think this is something you may be interested in,it's easy to find out more....
A VA loan can help you achieve your dream of homeownership with more flexible lending criteria. However, these loans are only available for eligible veterans, active duty service members, and surviving spouses. If you’ve used your VA loan before or are considering using your entitlement to ...
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 ...
As you can see, it’s quite complicated, so the best way to see if you’re eligible for an VA loan is to visit the Veteran Affairswebsite, which lists all eligibility criteria. Now the good news. You can apply for and obtain a VA loan with any bank or mortgage lender that participa...
Generally those criteria include: Serve for 90 consecutive days of service during wartime or 181 Days of service during peacetime 2 years of service if enlisted in the Post-Vietnam era Enlisted six years in the National Guard or Reserves Surviving spouse of a veteran who died from a service-...