Tips & Special Topics
Eligibility for VA Loans
Eligible Purposes for VA Loans: VA Loan benefit eligible purposes for va guaranteed financing on home loans
Congress extended the benefit of guaranteed home loans for all eligible veterans. If you are a veteran or you know a veteran considering the purchase of a home, many would argue that you owe it to yourself to look into the VA Home Loan Programs. The VA has defined ... Read More
VA Eligibility: Determine if You Qualify: An article summarizing veteran eligibility for VA home loans.
A veteran who has served on active duty during World War II or later and who was honorably discharged, is eligible for a VA home loan. Veterans who had at least ninety days of service during World War II, the Korean Conflict, or Vietnam War, may be eligible for ... Read More
VA Loans and the Role of Income: An article summarizing some of the income requirements veterans and military service personnel must meet to qualify for a VA home loan.
VA home loan guaranty programs allow military service personnel, reservists, and veterans an opportunity to purchase a home with the help of a government-backed home loan option. Loan approval for VA-eligible borrowers is not automatic, however, and veterans must still qualify for a VA home loan according to program ... Read More
Determining VA Home Loan Eligibility: If you have a military affiliation and meet certain military service requirements you may be eligible for a zero-down, 100% VA refinance home loan.
VA loans are an entitlement for those who are eligible. Those with military affiliation may typically enjoy zero down, 100% refinancing and no private mortgage insurance associated with VA loans. These among many other benefits unique to VA loans make this mortgage program hard to beat. ... Read More
Multiple VA Loans- Is It Possible?: An article discussing whether it is possible to get more than one VA loan? In some cased the answer may be yes.
Many VA borrowers ask, “Can I get more than one VA loan?” The short answer is yes depending on the circumstances. A VA loan is an entitlement to those who are eligible. How much a VA-eligible borrower is entitled to for each loan varies. The general rule ... Read More
Obtaining Your COE with VA Lender Assistance: In order to receive a VA home loan qualified veterans must first obtain their Certificate of Eligibility (COE). Most VA approved lenders can obtain your COE.
To get a VA Loan, one must first obtain a Certificate of Eligibility (COE). For some, simply not knowing what’s involved in getting a COE can be discouraging and can even prevent some perfectly eligible applicants from pursuing a VA Loan. In reality, most COEs can ... Read More
Restoring VA Loan Entitlement: Yes, you can restore your VA loan entitlement and use it again. A veterans entitlement is what determines their VA mortgage eligibility.
One of the most common myths about VA Loans is that once used, the benefit can never be used again. This is simply untrue. VA entitlement can be restored and used again and again. In fact, VA borrowers can use VA home loans as many times ... Read More
Reservist and National Guard VA Home Loan Benefits: VA mortgage benefits for selected Reservists and National Guard members are similar to other military personnel. However, many Reserve and National Guard members are unaware of their VA loan benefits.
Certain Selected Reservists and National Guard are eligible for VA loan benefits similar to other members of the military. Some Selected Reservists and National Guard members are unaware of their VA home loan benefits altogether; some others simply need more information in order to take advantage of their ... Read More
VA Loans for Surviving Military Spouses: The VA provides home loan benefits to certain surviving spouses. Understanding these benefits can help surviving spouses qualify for a VA loan.
The U.S. Department of Veterans Affairs (VA) provides home loan benefits to certain surviving spouses of military personnel. Understanding these benefits can help qualified surviving spouses who qualify to finance a home with a VA loan.
First, a surviving spouse must determine whether he or she is eligible ... Read More
Understanding the VA Loan Certificate of Eligibility: A Certificate of Eligibility is required before anyone can apply for a VA mortgage. Reading a COE requires familiarity with its format.
Certain documentation is required for the VA loan program. The Certificate of Eligibility (COE) is one such document unique to VA loans. A COE is required before anyone can apply for a VA mortgage. Reading a COE requires familiarity with its format. The basic ... Read More
Obtaining a COE with VA Form 26-1880: Many potential VA borrowers ask about the VA Form 26-1880. Is it necessary in the VA loan process? And, how is it obtained?
Many potential VA borrowers ask about the VA Form 26-1880. Is it necessary in the VA loan process? And, how is it obtained?
The VA Form 26-1880 is a document that is used to obtain a Certificate of Eligibility (COE). The COE ... Read More
About VA Form 26-1817 for Surviving Military Spouses: Form 26-1817 is officially called Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses.
Obtaining a Certificate of Eligibility (COE) is a required first step in the VA home loan process. Most VA borrowers can obtain a COE quickly and easily through webLGY, the VA’s automated services system. For those VA borrowers who cannot obtain a COE online, VA Form ... Read More
