VA Certificate of Eligibility
VA Home Loan Certificate of Eligibility
In order get a VA Mortgage, you will need a VA Certificate of Eligibility (COE). The Dept. of Veterans Affairs determines your loan eligibility, and issues a VA Certificate of Eligibility.
When you apply for a Veteran Mortgage, your VA Specialist will obtain your certificate for you. VA Specialists have access to internet based ACE (Automated Certificate of Eligibility) system which can usually establish eligibility and issue your VA Certificate instantly.
If you need assistance obtaining a VA Certificate of Eligibility, fill out the Pre-Qualification form to the right, and a VA Specialist will assist you.
| Eligibility Factor | Eligibility Criteria | Notes | |
| Service Time | 90 consecutive days of active service | During wartime | |
| 181 days of active service | During peacetime | ||
| 6 years in the Reserves or National Guard | Served 90 days with at least 30 consecutively under Title 32 Orders | ||
| Discharge Type | Discharge under conditions other than dishonorable. | Certain cases allow for eligibility with other than honorable discharge. Situations like if you were discharged for service-connected disability or a medical condition. | |
| Home Use | For purchasing, building, repairing, or refinancing a primary home. | Investment is allowed only on the VA Streamline Refinance loan also known is IRRRL. | |
| Certificate of Eligibility (COE) | This shows your that you are eligible to us your VA benefit to buy or refinance a home. | We are able to obtain this for you thru the VA portal. | |
| Loan Limits | No loan limit | If you currently have a VA loan and intend on keeping it, then this could trigger a down payment required. | |
| Funding Fee | This is a one-time fee charged upfront and usually rolled into your loan amount. | If you receive VA disability, this funding fee is waived. | |
| Credit & Income | No minimum credit score required | Lenders generally require a minimum credit score; income requirements vary. |
People VA Specialists Helped
I just want to take this opportunity to express my appreciation for all the countless phone calls and hours of hard work that was required by my VA Loan Specialist in closing my loan application. Her patience and persistence in my unusual case was exemplary. She maintained a professional, yet lighthearted rapport with me and my various setbacks. She promised me two things which made me decide to use her as my loan officer (my Realtor said “I can’t believe you trusted someone from the Internet!”) She said “I guarantee the interest rate and I promise to close on time!” She was believable and I’m so glad I trusted her as I firmly believe no one else would have been so dedicated in seeing my loan become successful and close as it did!
Niles / MSG, USA, Ret
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