Millions of veterans, active duty, reserves, and surviving spouses are eligible to receive VA loan benefits. The requirements are as follows:
You may be eligible to receive a VA home loan if you served on active duty in the Army, Navy, Air Forse, Marine Corps, or Coast Guard for either:
and were discharged(if applicable) under conditions other than dishonorable
Members who are not eligible based on the above requirements are eligible for a VA loan upon completion of 6 Years of Service.
You may are eligible for a VA loan if you are surviving spouse of a veteran who died as a result of service or service connected causes and are:
Purchase a single family residence or approved condominium in which you plan to reside
Purchase and install energy efficient improvements that are approved by the lender and VA
Refinance an existing VA or Non-VA home loan into a new VA loan
May not be used for second homes or investment properties
Evan Banning is a real estate professional who offers a meaningful difference to his clients— a rich mix of insightful problem-solving skills and a natural instinct for caring about people.