Certificate of Eligibility A veteran who doesn’t have a certificate can obtain one easily by completing VA Form 26-1880, Request for a Certificate of Eligibility for VA Home Loan Benefits and submitting it to one of the Eligibility Centers with copies of your most recent discharge or separation papers covering active military duty since September 16, 1940, which show active duty dates and type of discharge.  

Eligibility Requirements ; Veterans who served on active duty and were discharged under conditions other than dishonorable, during World War II and later periods are eligible for VA loan benefits.   Read More….

Eligibility Questions ;  Answers to most commonly asked questions about VA loan eligibility.  Read More….

Financing Benefits ;  Million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.   Read More….

Obtaining a VA Loan ; The CRV (certificate of reasonable value) is based on an appraiser’s estimate of the value of the property to be purchased.  Read More….

VA Loan Costs ; A basic funding fee of 2.0 percent must be paid to VA by all but certain exempt veterans. A down payment of 5 percent or more will reduce the fee to 1.5 percent and a 10 percent down payment will reduce it to 1.25 percent.

Restoration of Entitlement ; Veterans who had a VA loan before may still have “remaining entitlement” to use for another VA loan.     Read More….

VA Loan Questions & Answers ; Answers to most commonly asked questions about VA loans.   Read More….

“By Ed Eissa”