Qualifications For A VA Home Loan

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Qualifications For A VA Home Loan

Qualifications For A VA Home Loan: Can Anyone Assume A VA Loan?
Beginning the journey towards homeownership is an important milestone for many veterans, often made possible through the VA Home Loan program. This initiative, crafted to honour the service and dedication of veterans, offers a lot of advantages aimed at facilitating the purchase of a home. Yet, accessing these benefits necessitates meeting specific qualifications established by the  Department of Veterans Affairs. Central to these qualifications are eligible requirements, primarily revolving around service duration, discharge status and duty status. Additionally, financial factors such as credit score, income stability, and debt-to-income ratio carry essential weight in determining eligibility. To empower veterans and active-duty service members in getting through this process, it’s important to comprehend these qualifications comprehensively.

This article will explore the details of VA Home Loan qualifications, equipping individuals with the insights required to undergo their homeownership aspirations with confidence. Can Anyone Assume A VA Loan?

Read On: What Is The Minimum Credit Score For A VA Loan

VA Home Loan Eligibility Qualifications

Requirements for VA Home loan eligibility include:

  • Acquiring a Certificate of Eligibility ( COE ) based on your military service history, which encompasses:
  1. Veterans who satisfy minimum service criteria
  2. Active-duty service personnel meeting specific service duration criteria
  3. Select members of the Reserve and National Guard
  4. Eligible surviving spouses
  • Intention to occupy the purchased property as a primary residence (no investment properties permitted)
  • Meeting the lender’s underwriting criteria, which include assessments of creditworthiness and income qualifications

Factors That Determine the Eligibility Of VA Loan

VA loans, backed by the U.S. Department of Veterans Affairs, provide advantages to active-duty personnel, veterans and certain surviving spouses:

  • Active duty requires a minimum of 90 consecutive days of service
  • Veteran status meeting specific service length requirements, typically 90 days during wartime or 181 days during peacetime.
  • Completion of 90 days of active-duty service or six qualifying years in the Selected Reserve or National Guard.
  • Status as a surviving spouse of a veteran who died during service or due to a service-related disability, provided they have not remarried. Exceptions allow remarriage after age 57 or after December 16, 2023, for eligibility. Spouses of service members are designated as missing in action. or prisoners of war are also eligible.


If you fail to meet the minimum service criteria, you may still qualify for a Certificate of Eligibility (COE) if your discharge falls under any reason listed below :

  • Reduction in force
  • Certain medical conditions
  • Hardships
  • A service-connected disability
  • Government convenience (with a requirement of serving at least 20 months of a 2-year enlistment)

Related Post: VA Home Loans In Texas

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