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FOR NATIONAL GUARDS AND SERVICE MEMBERS
You need a minimum of six years on duty if you are a National Guard or in the Reserves. All six years must be completed before you can apply for a VA Loan. Anyone who is discharged for a service-connected disability less than 6 years may still apply for a VA Loan but make sure you have a VA Loan Specialist working for you.
FOR ACTIVE DUTY
If after serving 181 days (90 days during the Gulf War) you are eligible for a VA loan unless you are discharged or separated from pervious periods of active duty service.
FOR RETIRED VETERANS
If you are a retired veteran you must be honorable discharged after 181 days (90 days during the Gulf War) of active duty. You can still apply for a VA Loan if you were discharged for a service connected disability for less than 90 days.
FOR SPOUSES
Surviving spouses who remarries on or after the age of 57 and on or after Dec 16, 2003.
Spouses may also be determined eligible if you are:
1. An unremarried spouse of a veteran who died while in service or died from a service connected disability.
2. Are a spouse of a service person missing in action or a prisoner of war
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What is a VA home loan calculator used for?
A VA home loan calculator is used by military veterans to calculate their eligibility for a home loan such as a mortgage from a financial institution.
What are the qualifications for a home equity loan?
The typical qualifications to take out a home equity loan are, you must have sufficient equity or collateral in your property, this is the difference in what your mortgage balance and home value's is.
What are the minimum VA loan requirements?
The depends on the type of loan. A VA (Veterans Affairs) home loan requires a certificate of eligibility, VA appraisal, and acceptable financial status.
Can I qualify for a VA backed home loan again?
Typically a VA loan is only available once per individual. If you have a spouse who is a veteran and has not used a VA loan, he or she may be able to take out a loan under his/her name.
What are the qualifications for receiving a home improvement loan?
Recieving a home improvement loan has many different qualifications depending on who you are trying to get the loan with. Some of these qualificactions include credit score of homeowner/s, type of work they do and value of the house itself.
What qualifications do I need to have to be able to apply for a VA loan?
What are the qualifications do I need to have for a home repair grant. What qualifications do I need to apply for a VA loan? grant for a home needed for auto loan WHAT QUALIKFICATIONS DO I NEED TO HAVE TO BE ABLE TO APPLY FOR A VA LOAN what qualifications do i need to have to be able to alpply for a va loan be a veteran
What is a VA home loan calculator used for?
A VA home loan calculator is used by military veterans to calculate their eligibility for a home loan such as a mortgage from a financial institution.
What are the qualifications for a home equity loan?
The typical qualifications to take out a home equity loan are, you must have sufficient equity or collateral in your property, this is the difference in what your mortgage balance and home value's is.
my husband and i got a va loan to purchase our home in 2007, can we also get a home improvement loan we don't want a home equity loan we just want to consolidate a home improvement loan from sears to another home improve ment loan with lower interest?
It is difficult when you have a Va but try going through CITI finacial You can either consolidate your loans into a 100% VA Loan and get cash out for the home improvements. If the home improvements are considered Energy Efficient improvements, you can borrow over and above the value of your home. We can connect you with a lender that WILL NOT charge you fees for the VA loan.
What are the minimum VA loan requirements?
The depends on the type of loan. A VA (Veterans Affairs) home loan requires a certificate of eligibility, VA appraisal, and acceptable financial status.
Is there an easy way to apply for a va loan?
You can apply online for a VA Home Loan. The two most used sites are www.veteranloancenter.com and www.vamortgagecenter.com. If you need information on what you will need to qualify for a VA home loan, please visit the home loan information page at the Dept for Veteran Affairs at http://www.homeloans.va.gov.
What is the definition of a VA mortgage loan?
The definition of a VA mortgage loan is a loan that is guaranteed by the Veterans Administration. The purpose of this loan is to assist veterans and their families in obtaining home financing.
Can I qualify for a VA backed home loan again?
Typically a VA loan is only available once per individual. If you have a spouse who is a veteran and has not used a VA loan, he or she may be able to take out a loan under his/her name.
How do you apply for a VA home loan?
The first step in the process is to have a Certificate of Eligibility. You can achieve this by completing VA Form 26-1880. Once this is done, you can contact your local VA office and they will assist you in the process of applying for a VA home loan.
Where do i get a Home Loan in VA?
There are several options for obtaining a Home Loan. You can get a loan through a bank and many private investors also offer home loans.
What are the qualifications for receiving a home improvement loan?
Recieving a home improvement loan has many different qualifications depending on who you are trying to get the loan with. Some of these qualificactions include credit score of homeowner/s, type of work they do and value of the house itself.
Where do you apply at to get a va home loan?
A number of banks offer VA loans for those who qualify. Contact your local loan agent for additional information.
