Who Is Eligible For A VA Loan

Good Day Everyone:

On Friday of last week I had blogged about an article of the benefits of a VA Loan. There are many Veterans or spouses of Veterans that don't realize they are eligible for a VA Loan. So I have taken directly from the US Dept. of Veteran Affairs the Eligibility for securing a VA Loan. You may of been on the fence about buying and didn't think you could do it and didn't realize you qualified. So please take a look at the requirements and if you have any questions please contact us here at LynnNicholsRealEstate.com, or go right to www.benefits.va.gov/homeloans/


Certificate of Eligibility

After establishing that you are eligible, you will need a Certificate of Eligibility (COE). The COE verifies to the lender that you are eligible for a VA-backed loan. This page describes the evidence you submit to verify your eligibility for a VA home loan and how to submit the evidence and obtain a COE.

Evidence Needed

The evidence you need depends on the nature of your eligibility. Consult the table below to determine your category and the evidence you will need when applying.

Category	Evidence To Apply
Veteran	DD Form 214 - required to have a copy showing the character of service (item 24) and the narrative reason for separation (item 28).
Current or former National Guard or Reserve member who has been activated Federal active service
Active Duty Servicemember	A current statement of service: signed by (or by the direction of): the adjutant, personnel office, or commander of the unit or higher headquarters showing: Your full name Social Security Number Date of birth Entry date on active duty The duration of any lost time The name of the command providing the information
Current National Guard or Reserve member who has never been Federal active service	Statement of service: signed by (or by the direction of): the adjutant, personnel officer or commander of your unit or higher headquarters showing: Your full name Social Security Number Date of birth Entry date on duty The total number of creditable years of service The duration of any lost time The name of the command providing the information
Discharged member of the National Guard who has never been activated for Federal active service	NGB Form 22, Report of Separation and Record of Service, for each period of National Guard service -OR- NGB Form 23, Retirement Points Accounting, and proof of the character of service
Discharged member of the Selected Reserve who has never been activated for Federal active service	Copy of your latest annual retirement points statement and evidence of honorable service
If you are a Surviving Spouse in Receipt of DIC (Dependency & Indemnity Compensation) benefits	Submit VA form 26-1817 and veteran’s DD214 ( if available) Include veteran’s and surviving spouse’s social security number on the 26-1817 form
If you are a Surviving Spouse and are not receiving DIC (Dependency & Indemnity Compensation) benefits	Submit the following to the appropriate Compensation and Pension office: - VA form 21-534 - DD214 (if available) - Marriage License - Death Certificate or DD Form 1300 – Report of Casualty - Please find the mailing address for your state to send the VA 21-534 on the following link. PMC States

Thanks so much for stopping by today and I hope you enjoyed today's Blog. Please share with friends. Please visit us on our website at www.MarylandHomesByLynn.com

Lynn Nichols, Realtor, CRS, MRP of Douglas Realty...

Lynn is a Realtor that serves Maryland and works

mainly surrounding Central Maryland.

For any Real Estate Needs please contact her at 

MarylandHomesByLynn.com