VA Eligibility

Most veterans who are honorably discharged are eligible for the VA loan benefit (see complete details below). VA eligibility is evidenced by the DD 214 form or a written certificate of eligibility.  It is possible after having used your VA eligibility that you have no eligibility remaining or your “entitlement” is in use or has been used. Sometimes VA records are incorrect and a request has to be made to “restore your entitlement.” In all cases we can help you request your eligibility or check your entitlement status.

You may have VA Eligibility if:

  • Active-duty Veteran discharged during WWII or later
  • Active-duty Veteran with at least 90 consecutive days of service during major conflict
  • Peacetime Veteran and active-duty personnel with at least 180 days of consecutive service
  • Enlisted Veteran whose service began after 1980, or officers whose service began after 1981, and who have served at least 2 years
  • You are the spouse of a service member who was killed in the line of duty

You must have both VA eligibility and qualify for the VA loan. 

VA Loan Qualifications

With the VA eligibility done you are ready to review VA loan qualifications. Although the VA loan qualifications are flexible compared to other loans, certain guidelines must be met. It is also important to note in most cases VA loans require on time payments (not 30 days delinquent) for the previous 12 months. Refer to the chart below for basic VA loan qualifications.

VA Purchase Guidelines:

VA Loan
Max Loan Amount: 1000000+
Credit Score: No VA Requirement
Down Payment: 0%
Interest Rate: Current market
Assumability: Yes
Mortgage Insurance: No

VA Loan Step by Step Process:

Below find a flow chart in determining if you are eligible for a VA Purchase or VA Refinance loan:

  1. Obtain your VA Certificate of Eligibility  [Request VA Eligibility]
  2. Contact VA Loan Group experts [Contact Us] and review VA Loan Qualification
  3. Provide required documents
  4. Obtain PreApproval certificate
  5. Get Loan Approval
  6. Sign the final loan paperwork
  7. Congratulations
VA Purchase

Get Prequalified
We Educate You

Proprietary buyer consultation folder provides you the critical mission information – free for you.

VA Refinance

VA Refinance Loan
Save Money

Our Average Client in 2010 reduced their payment by $122 a month – saving thousands of dollars.

Why use a VA Loan
  • ZERO Down Payment
  • No Minimum FICO Score
  • Assumable
  • Low Interest Rate
  • No Monthly Mortgage Insurance
  • No Pre-payment penalty
  • VA guarantee

Our professional team works with you every step of the way to compete the process. If you have any questions we are here for you. Learn more About Us.