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Am I Eligible for a VA Loan?

VA Loan Eligibility – Am I Eligible?

If you are a current or former US armed forces service member, your eligibility for a VA loan depends on if you have met specific service requirements. Army, Navy, Air Force, Marine Corps, Coast Guard, Reserves and National Guard service members can all earn eligibility for VA loans. If you fall into one of those categories, see below to find out if you are eligible today!

You may be eligible for a VA Loan if you meet ONE OR MORE of the following conditions:

  • You have served 90 consecutive days of active service during wartime.
  • You have served 181 days of active service during peacetime.
  • You have more than 6 years of service in the National Guard or Reserves.
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability

Certificate of Eligibility

Are you eligible? Great! You must first obtain a Certificate of Eligibility (COE) before receiving your VA Loan. Don’t worry! You do NOT need your Certificate of Eligibility to start the loan process with, powered by Magnolia Bank. This formal document is provided by The Department of Veteran Affairs, and it explains what VA entitlement you possess. This process is extremely easy with the help of one of our dedicated VA loan specialists. However, you may also obtain your Certificate of Eligibility on your own by filling our the Certificate of Eligibility Request Form (VA Form 261880). This form can be be downloaded from the Veterans Administration site and made direct to the Department of Veteran Affairs.