Qualifications for VA Home Loan Eligibility

You must meet a certain credit score, earn sufficient income and obtain a Certificate of Eligibility (COE) in order to be eligible for a VA loan. The VA loan must be used for a home that will be used as your primary residence. Click here to learn all of the eligibility requirements to obtain a COE.

Am I Eligible for a VA Loan?

1. Have you served 90 consecutive days of active service during wartime?

2. Have you served 181 days of active service during peacetime?

3. Do you have more than 6 years of service in the National Guard or Reserves?

4. Are you the spouse of a service member who has died in the line of duty or as a result of a service-related disability?

If you answered “yes” to one or more of these conditions, then you may be eligible for a VA Loan.

What Are the Income Requirements for a VA Loan?

As of now, there isn’t a specific monthly income required in order to qualify for a VA Loan. However, it is necessary for borrowers to have a reliable income that covers monthly expenses along with the new mortgage payment from a VA loan.

Who else is Eligible for a VA Loan?

You may also apply for eligibility if you fall into one of the following categories:

Certain U.S. citizens who served in the armed forces of a government allied with the United States in World War II

Individuals with service as members in certain organizations, such as Public Health Service officers, cadets at the United States Military, Air Force, or Coast Guard Academy, midshipmen at the United States Naval Academy, officers of National Oceanic & Atmospheric Administration, merchant seaman with World War II service, and others.

Need More Information About Eligibility?

You can contact us at  855-465-0753. Or you can fill out our form and we will reach out to you to talk more about your VA loan.