He served 181 days of active duty in peacetime. He has 6 years of service in the National Guard or in the Reserves. VA loan eligibility standards vary depending on your status in the military. There are four main categories in which the Department of Veterans Affairs will assess your eligibility.
These categories are active duty, veteran, military reserve or national guard, and military spouse. You can view the eligibility requirements for the VA loan program here. To qualify for a VA loan, you'll need to provide your lending institution with a COE or certificate of eligibility. A VA loan is one of the main benefits of military service for eligible veterans, service members, and surviving spouses.
You can't use a VA loan for vacation or investment property, but you can use it to buy a family home for one to four people if the eligible member uses it as their primary residence. According to VA loan limit documentation, veterans, servicemembers, and eligible survivors with full entitlement no longer have limits on loans. The certificate of eligibility is a document from the Department of Veterans Affairs that shows that you meet the service requirements for a VA loan. Members of the military who receive change of season orders may be eligible for VA loans to purchase homes near their new armed forces.
While the VA is generally left to determine eligibility, this data can help you get the loan you got. A VA loan is a low or zero down payment mortgage option offered to eligible veterans and active duty service members and their families. OK, you've met the eligibility requirements and are ready to apply for a VA loan, but you may be wondering where to start. If you're looking for a certificate of eligibility for a VA loan, you can get one by applying for it through your online e-benefit portal or even applying through your lender.
This section provides information on the eligibility requirements for VA loans and the eligibility application process. To request the restoration of an entitlement, fill out an Application for Certificate of Eligibility (VA Form 26-1880) and submit it to your state's regional VA loan center.