What Are Minimum Requirements to Get a VA Home Loan?
A home loan benefit is available to past and present members of the U.S. military. The U.S. Department of Veterans Affairs, or VA, backs mortgage loans issued through private lenders. To be eligible for VA home loans, borrowers must meet the minimum criteria set by the VA. Documents image by GHz from Fotolia.com Documents image by GHz from Fotolia.com A borrower needs verified employment to obtain a VA loan. ffc0714d-a041-6603-8f6f-e39262df3bfa300400 Certificate of Eligibility First, a borrower must have a certificate of eligibility from the VA in order to obtain a loan. To receive this certificate, the borrower must file VA Form 26-1880, Request for Determination of Eligibility and Available Loan Guaranty Entitlement. Veterans with documented active duty service of at least 90 days during World War II or in later wars are eligible for the certificate. The requirements for veterans who served only during a time o
