Before you can be approved for the VA home loan program, you must prove to the lender that you are eligible to participate. The document that performs this function is the VA Certificate of Eligibility (COE). Having the certificate of eligibility does not guarantee loan approval; you must still meet minimum income and credit requirements.
If you already possess an account on the Veterans Information Portal, you can login and view your VA certificate of eligibility under the “My Home Loan Benefit Eligibility and Entitlement” section. If you do not have an account on the portal, you can go through the steps to create a username and password, or you can download the Request for a Certificate of Eligibility form (VA form 26-1880) here. To expedite the process, you should mail the request form with proof of military service as directed. Please note that it can take up to four weeks for the VA to mail the certificate of eligibility, so applying early is crucial. Otherwise, your loan processing may be delayed.
The VA home loan program has been simplified over the years, so now it is easier than ever for veterans and active duty personnel to own a home. If you have not yet found a home, you can discover your maximum price by getting pre-approved with us. You will also have the peace of mind knowing that when you find your ideal home, you will be ok’d for financing.
If you have already located your next home, complete the free VA Home Loan quote form to start working with a VA Loan Specialist today. Starting with just a minute’s worth of information, you can be on your way to locking in the best interest rates available.