How Do You Get A VA Home Loan?
A VA home loan is established with a guarantee from the United States Department of Veterans Affairs. The VA does not issue loans itself but rather helps to guarantee the loans of eligible Armed Force personnel. Individuals must meet specific requirements to obtain these loans including maintaining a strong credit score. Those who do meet eligibility and are planning to purchase their first home may find that a VA home loan is more affordable and easier to obtain than a traditional, conventional home loan. Determine eligibility for a VA home loan by being active duty or honorably discharged. Eligibility is also dependent on the amount of time served (in peace times and war times), the type of service performed, and certain other criteria. Obtain a Certificate of Eligibility, form VA Form 26-1880, either online or through a local VA office. This form establishes eligibility for the home loan applicant. In some cases, an automated certificate of eligibility is available and may be obtain
