Do You Know If You’re Eligible For A VA Loan?

Posted on July 22, 2008
Filed Under Mortgage, Mortgage Lender |

Do You Know If You’re Eligible For A VA Loan?

If you are wondering if you are eligible for a VA loan, you will have to examine your own service record for the conditions required by current VA policies. Typically, all veterans who served on active duty and who were discharged in any way or under any circumstances other than dishonorable are eligible for VA loan benefits. This guideline includes those who served in all conflicts since World War II.

There are different timeframes of service that are taken into account including 2 years, 181 days, and 90 days. Of course, all of these will depend upon the specific conditions of the veteran’s service like whether one served during peacetime, war, regular active duty, or special active duty for training, etc.
Selected Service and National Guard members who served six years of regular duty are eligible for VA loan benefits.

In some cases, unmarried spouses of veterans who died while in service or as a result of disabilities acquired during services, or if the service person is MIA or a prisoner of war can receive VA loan assistance.

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