Determine if You Qualify for a VA Home Loan

VA Home Loans provide qualified service members, veterans and their surviving spouses the option to refinance or buy a property at competitive rates without a down payment or mortgage insurance.

In addition to flexible credit requirements to simplify the process, these benefits make obtaining a VA Loan substantially easier, especially in a climate where lending has become tight.

The following list contains the basic qualification requirements for the VA Loan program. Consider speaking to a VA-approved lender to establish your eligibility.

Step 1: Requirements for VA Loan Service

Home buyers that initially qualify for VA Loan benefits consist of those who have served or are currently serving the U.S. military for one of these durations:

• 90 straight days of service over a period of war.
• 181 straight days of service over a period of peace.
• 6 years of service in the National Guard or the Reserves.

Spouses of service members are also eligible, as long as they are not the remarried spouse of a deceased veteran either:

·      killed in the line of duty, or

·      killed as a result of a disability associated with service.

This is inclusive of spouses of service members who are either missing in action or a prisoner of war; OR the surviving spouse of a completely disabled veteran whose handicap might have resulted in death.

Step 2: Determine What You are Eligible For Click Here to Learn More

If you qualify for at least one of the basic service requirements, it is worth your while to contact a VA Loan specialist to pre-qualify for a home loan. This is a vital step that gives home buyers a rough idea of the amount they can expect, should they be eligible. There is no cost or obligation to pre-qualify.

Working with Another Veteran

Some veterans might be overwhelmed with the abundance of VA Home Loan options and choices available to them. The best way to figure out where to start is by speaking to another veteran familiar with the VA Loan Process. VeteranTony.com provides you with customized assistance and personal advice. A veteran himself, VeteranTony.com knows all involved procedures, particularly how those who served can save thousands of fees through direct lender credits! 

By default, many veterans will consult institutional lenders based on the advertisements they are exposed to. However, those lenders can be costly, as fees associated with the loan can raise your monthly APR/payment. If you are the kind of individual that prefers personalized service and wants to save money, visit VeteranTony.com for assistance with your VA Loan.