Tips to Qualifying For a VA Loan

In order to qualify for the VA loan, you should havesubmitted with supporting documents of military
served in the Air Force, Army, Navy, Coast Guard orservices. If you do not have this, the Veteran Affairs
Marine Corps. However, you should have served for acan help you establish this. However, it will take more
certain period. If you have served during the war time,time. After filling up the form and attaching your proofs,
it is essential that you have served for at least ninetyfile it in your designated VA eligibility center.
days. If you have served during the peacetime, youThere are lenders who can check if you qualify for a
should have served at least one hundred eighty-oneVA loan by checking a system. They can check the
continuous days. Additionally, you should have not beenCertificate of Eligibility for you. Just make sure that you
discharged dishonorably.bring with you the supporting documents. However,
You will be eligible for the VA loan for other conditionsthere are instances when this is not readily available.
as well as long as you are eligible as determined byThe Veteran Affairs may have difficulty processing
the VA department. You may qualify if you have beenyour application through this, which is why it is essential
dismissed because of disability, which resulted fromthat you talk to the lender first to verify the matter
rendering your services or when the governmentespecially if your case is uncommon.
authorizes it for its convenience. However, all of thisBefore the person can apply for this type of loan, he
has to be properly determined first.will go through a strict process. This is to ensure that
There are different people who can benefit from thisonly the eligible applicants are accepted. VA loan has
type of loan. Aside from the military personnel and thevarious benefits. One is the fact that the interest rates
veterans, the surviving spouse of the deceasedare low especially today, where the competition in the
qualified personnel can also avail of this. The survivingreal estate market is tough. Once you have been
spouse should remain unmarried in order to be eligible.approved, the remaining steps will be much easier
Many want to avail this type of loan not only becausebecause you are backed by the U.S. Department of
of the fixed rates but also because of the fact that itVeteran Affairs.
guaranteed by the U.S. Department of VeteranBefore applying for a Certificate of Eligibility, check if
Affairs.you can qualify for VA loan. It is not enough that you
You will be able to know if you are eligible by applyinghave served as military personnel, it is essential that
for a Certificate of Eligibility. You can do so by filling outyou have completed the required period. The VA can
the form named VA Form 26-1880, Request For ahelp you establish this. However, it is best if you know
Certificate of Eligibility for Home Loan Benefits. Youthis for a fact and that you can present proofs to
can download the form online. Your form should bespeed up the process.