You must have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries. VA home loans ...

Jun 27, 2017 · Learn about VA home loan eligibility requirements for a VA direct or VA-backed loan. Find out how to request a Certificate of Eligibility (COE) to show your lender that you qualify based on your service history and duty status.

Jan 8, 2025 · The Department of Veterans Affairs utilizes a series of Minimum Property Requirements (MPRs) that a home must meet to qualify for a VA loan. These property requirements help ensure that Veterans and military families have a safe, structurally sound and sanitary place to call home.

Jan 17, 2024 · Eligibility Requirements for VA Home Loans. Find a real estate professional to work with. Perhaps a friend has someone to recommend. Or you could look under "Real Estate" in your yellow pages or on the web. Find a Lender. Locate a lending institution that participates in the VA program.

To be eligible, you must have satisfactory credit, sufficient income to meet the expected monthly obligations, and a valid Certificate of Eligibility (COE). The IRRRL is a "VA to VA" loan, meaning it can only be done if you have an existing VA guaranteed loan on the property.

Oct 12, 2022 · Get step-by-step instructions for buying a home through the VA home loan program. What kind of VA-backed loan will I need to buy a home? You’ll go through a private lender, like a bank or mortgage company, to get this loan.

Dec 17, 2024 · VA direct and VA-backed Veterans home loans can help Veterans, service members, and their survivors to buy, build, improve, or refinance a home. You’ll still need to have the required credit and income for the loan amount you want to borrow.

Feb 1, 2025 · Millions of Veterans and service members are eligible for a VA home loan. Here's what you need to know to get started.

Jan 9, 2024 · The VA doesn’t lend money for home loans — private lenders do that. The VA merely guarantees a portion of the money you borrow to private lenders in the event you default on the loan. This guarantee minimizes the risk to private lenders, which means they’re more willing to offer certain benefits like no down payments and lower interest rates.

Mar 1, 2024 · VA home loans have eligibility requirements and guidelines set by the Department of Veterans Affairs and individual lenders. Read more to see if you meet the qualifications for a VA loan.