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VA Loan Eligibility

For your VA loan eligibility you must have sufficient credit, adequate income, and a valid Certificate of Eligibility (COE) to be eligible for a VA home loan. The home also must be used for your own personal use. The VA loan eligibility requirements to obtain a COE are listed below for service members and veterans, spouses, and any other eligible recipients.

You may be eligible for a VA home loan if you meet one or more of the following conditions:

  • You have served 90 consecutive days of active service
  • You have served 181 days of active service during peacetime
  • You have more than 6 years of service in the National Guard or Reserves
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

Finally, a veteran applying for a VA loan must not have been discharged under dishonorable conditions.

The VA determines the guidelines for those who are eligible for the VA loan benefits but VA approved lenders have their own set of guidelines in terms of credit and debt to income ratios. When you apply for a VA loan, the benefits specialists will review your credit profile with you from the 3 credit agencies to make sure everything is accurate and correct. This will also calculate your debt-to-income ratio too.

Finally, a veteran applying for a VA Loan must not have been discharged under dishonorable conditions. To get more information on VA loan eligibility click here.

To speak with a VA loan benefits specialist, call the number above or fill out the short form and a specialist will contact you.