Va Loan Eligibility

Written by Patricia Skinner
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The first steps to taking out any kind of a VA loan, are to see if you're eligible and to see how much you can borrow. Verifying your VA loan eligibility is not at all difficult. You need to have served more than 90 days in wartime (any war from WWII up till now), or 181 days in peace time. If you comply with either of those, then you can apply to your local VA office for a certificate of eligibility, which will enable you to go on to the next step.

After establishing your VA loan eligibility, the VA will want to appraise you for a loan. Again, this is not as difficult as it sounds. You may be worried that your past credit record, if it is not that great, may affect your chances of VA loan eligibility. You'll probably be happily surprised how easy it will be to get approved for a VA loan, even with a bad credit history.

VA Supports Veterans

This is because, when calculating VA loan eligibility, the VA take into account the fact that they want to support as many veterans as possible in their quest for a better life. This means they have a special policy of making it easy for those from the lower income groups and first-time-buyers. They want to support you for supporting your country.

Once you have got your VA loan eligibility, and you're buying your house, don't think help from the VA will be at an end. If, at any time in the future, you find that your financial situation is not working out as you'd hoped, go back to the VA. They have a counseling service for veterans who are going through hard times. They want to help you do everything you can to keep your house. They'll help you work it out, you can be sure.


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