We’re Your Guide to VA Home Loans:
We’re here to serve you and make the VA home loan process a whole lot easier, with our tools and expertise that will help guide you along the way.
Who Is Eligible For A VA Loan?
Who Is Eligible For A VA Loan?
Generally speaking, you can be eligible for a VA Loan if you meet any of the following minimum requirements…
Active Duty Service Members:
You have served at least 90 consecutive days.
Veteran Service Members:
This depends on when you served. If you served between the Gulf War to present date, you meet the minimum requirements if you have served: at least 24 consecutive months, or at least 90 consecutive days during which you were called to duty, or at least 90 consecutive days if you were discharged for hardship or reduction in force, or less than 90 consecutive days if discharged for disability.
Please visit the official VA website for the full list of service periods and their minimum requirements.
National Guard or Reserve Members:
If you served between the Gulf War to present date, you must meet the minimum requirement of serving at least 90 consecutive days of active duty service. For all other time periods and their minimum requirements, please visit the official VA website.
VA Entitlement
VA Entitlement
Among the endless counts of financial misconceptions, the most commonly confused subject matters is what can and cannot be done with a VA loan entitlement, and how frequently it can be used. Did you know a borrower can have more than 1 VA loan? For loans exceeding the $144,000 basic limit, an additional guarantee up to $77,275 is allowed as a bonus entitlement. It can be used all at once, or in some cases, allows for 2nd VA loan. Entitlement can be restored once mortgage is paid off, and used over and over again.