What is a COE Certificate of Eligibility & Should I Start With One?
Certificate of Eligibility (COE) Requirements
Are you or your loved one a veteran or active duty military member trying to figure out the confusing world of VA Home Purchasing and VA Refinancing? You’re in the right place for qualifying for a VA loan. We are VA Loan Spot, and we make it easy.
The first step is making sure you are qualified for our loans.
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
If you meet one or more of the requirements above, the next step is to receive your COE.
How to Receive Your Certificate of Eligibility (COE)
A Certificate of Eligibility, or COE, verifies to the lender that you are eligible for a VA-backed loan. A COE will tell you what VA entitlement you possess, which is the percentage you qualify for in terms of your home loan. There are three ways to complete this process.
With a VA Loan Spot Specialist
If you choose to work with one of our specialists at VALoanSpot.com, they will electronically request your certificate of eligibility through the VA’s Automated Certificate of Eligibility system called ACE. If ACE has your records, the system will issue your certificate online, and it will be printed in our office within a couple hours at most. If you are not in the system, we will continue to assist you in the process, but you have to provide appropriate documentation of military service. This may include:
- Regular, Active Duty Military Members: You must include an original statement of service signed by, or by direction of the adjutant, personnel officer, or commander of your unit, which identifies you and your social security number and provides your date of entry and the duration of any time lost.
- Discharged from Regular, Active Duty after Jan. 1 1950: A COPY of DD Form 214, Certificate of Release or Discharge From Active Duty, should be included with your eligibility form.
- Discharged from Regular, Active Duty after Oct. 1 1979: DD Form 214 copy 4 should be included.
- Discharged from Selected Reserves or the National Guard: You must include copies of documentation of at least 6 years of honorable service.
- Discharged from Army or Air Force National Guard: You may submit any of the following: NGB Form 22, Report of Separation and Record of Service, or NGB Form 23, Retirement Points Accounting, or it’s equivalent.
- Discharged from Selected Reserve: You may submit a copy of your latest annual points statement and evidence of honorable service. It is your responsibility to furnish adequate documentation of at least 6 years of honorable service.
- Active Duty Selected Reserves or National Guard Member: You must include an original statement of service signed by the adjutant, personnel officer, or commander of your unit or higher headquarters showing the length of time you have been a member. At least six years of honorable service must be documented.
- If you have not fulfilled your 6 years of required duty: You may be eligible for a VA home loan by serving 90 days of active duty way time service with an honorable discharge. This requires Form DD214 as proof of war-time service.
To obtain this proof, you need to fill out the Standard Form 180, Request Pertaining to Military Record. Further mailing directions are including on the form, or your designated specialists can assist you.
Order Yourself by Mail
You can also order the COE yourself by going onto the Veterans Administration site. There you will download the Certificate of Eligibility Request Form (VA Form 261880), and send the completed form directly to the Department of Veterans Affairs.
VA Loan Eligibility Center
Attn: COE (262)
PO Box 100034
Decatur, GA 30031
Order Yourself by Calling
No printer? No problem. Call the Department of Veterans Affairs at 1-877-827-3702 and follow the prompts for Eligibility. They will simply mail the form to you.
If you have any further questions about the COE process, please don’t hesitate to call 800.537.2050 to Speak with VA Home Loan Expert. We are readily available and willing to help at a time most convenient for you.
Bobby Atkisson is a seasoned mortgage professional who provides high quality financial services to military members and veterans. With over 14 years experience in the lending and financial industry, his mission is to provide high quality mortgage programs with the most competitive interest rates. For expert advice and guidance on VA Home Loans and Refinance, contact Bobby today at 800-537-2050.